129 Kircher St Carlsbad, NM 88220
This exceptional special-purpose property, located at 129 Kircher Street in Carlsbad, New Mexico, presents a unique investment opportunity. Boasting a substantial 4,933 square feet of space on a generous 16,552.8 square foot lot, this 1950-built structure offers immense versatility. The property's expansive size allows for a wide range of potential uses, from religious congregations to daycare facilities or even event venues. The building features a fully equipped commercial kitchen, complete with triple sinks, making it ideal for food-related businesses. Comfort is ensured with three recently installed heating units, providing efficient climate control. Two bathrooms are conveniently located within the building. The second floor provides ample storage space or the potential for additional development. Priced competitively at $275,000, this property in Eddy County, zip code 88220, represents a significant value proposition for discerning investors seeking a large-scale space with adaptable functionality. Its location in Carlsbad, NM offers access to a growing community and diverse market. This is a truly remarkable opportunity to acquire a unique and versatile property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.