1313 Mermod St Carlsbad, NM 88220
This exceptional commercial property, located at 1313 W Mermod Street in Carlsbad, New Mexico, presents a unique investment opportunity. The 11,550 square foot lot boasts a main building totaling 1,650 square feet, ideal for a variety of commercial uses. This building features a reception area, multiple offices, washer/dryer hookups, and two restrooms – one with a shower. Ample parking is available on-site. Adding to the property's versatility is a second structure, a 924 square foot house previously used as office space, offering potential for rental income or expansion. A bonus feature is an additional storage or small office space within the fenced backyard. Built in 1950, this property sits on a high-traffic corner lot in Eddy County, zip code 88220, providing excellent visibility and accessibility. The property's combination of existing structures and ample land makes it suitable for a range of commercial ventures, offering significant potential for growth and return on investment. This is a must-see property for any discerning investor seeking a versatile and well-located commercial asset in Carlsbad, New Mexico.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.