1281 Riley Way, Chaparral, NM 88081-7520
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.