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Property profile & analytics
FOR SALE
Hospitality properties

1408 Main St Lordsburg, NM 88045

15,812 SF 2.27 ac lot Built 1998
Property ID
US61-1227747
Property summary
AI-generated overview

This exceptional value-add opportunity presents a 40-key Econo Lodge hotel in Lordsburg, New Mexico. Situated on a 2.27-acre lot conveniently located off Interstate-10 and the Continental Divide, this two-story, 15,812 square foot property offers significant upside potential. Built in 1998, the hotel boasts a strong 7.59% cap rate and a substantial net operating income (NOI) of $113,915, with an asking price of $995,000 ($94.86/sq ft). The property includes two large manager's living quarters and ample space for truck parking, catering to a diverse clientele including leisure travelers, interstate commuters, military personnel, border patrol agents, and Union Pacific employees. Its strategic location along the popular Continental Divide trail makes it an ideal rest stop for travelers on I-10. The property is fee simple ownership and is lender-approved for SBA/USDA financing. This presents a compelling investment opportunity for those seeking a strong return and the potential for increased income and reduced expenses through on-site owner-operator management. The property's size and location offer significant advantages for maximizing revenue and operational efficiency.

Property profile
Verified
Property type Hospitality properties
Year built 1998
Total area 15,812 SF
Lot 2.27 ac (98,881 SF)
UPID US61-1227747
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Econo Lodge Lordsburg I-10 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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