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1281 Riley Way Chaparral, NM 88081-7520

OFF-MARKET Warehouses Google Maps
1,200 SF 1.94 ac lot Built 2005
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$85k
Range $77k – $94k (±10%)
Property ID US61-0498648

Property summary

AI-generated overview

This exceptional 1,200-square-foot warehouse, built in 2005, presents a unique investment opportunity in Chaparral, New Mexico. Situated on a fully cleared and fenced 1.93-acre lot, this single-story metal building boasts a 12-foot ceiling (higher in the vaulted area), a 10x12-foot roll-up door, and ample parking. The property includes a bathroom and is conveniently located off US-54 Highway, offering easy access to the New Mexico-Texas state line, El Paso International Airport, and El Paso's downtown area. The asking price is $235,000, translating to $195.83 per square foot. Existing infrastructure includes septic, water, and electrical services. The building's dimensions are approximately 30 feet by 40 feet. This prime location and versatile space offer significant potential for various commercial ventures. The property's address is 1281 Riley Way, Chaparral, NM 88081, in Otero County. This is an ideal opportunity for businesses seeking a well-maintained warehouse in a strategic location with convenient access to major transportation routes.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2005
Total area 1,200 SF
Lot 1.94 ac (84,419 SF)
APN 16N4034155202381
UPID US61-0498648

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2021
3 recorded transactions
2021
$100,000
2019
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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