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Property profile & analytics
OFF-MARKET
Individual retail properties

1807 10th St Sta A Alamogordo, NM 88310-5050

15,120 SF 1.5 ac lot Built 1975
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US61-0393133
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Otero County. The property consists of pad sites ranging from zero to one acre, ideal for single-tenant development. Strategically located within a Planet Fitness-anchored shopping center, this location benefits from high visibility and accessibility. The site is situated on a major arterial street, ensuring significant traffic flow and exposure for any business. A signalized intersection provides multiple full-access points, simplifying ingress and egress for customers and employees. Furthermore, the property enjoys close proximity to established residential neighborhoods, providing a readily available customer base. This presents a rare chance to build-to-suit, ground lease, or purchase land in a thriving commercial area with excellent demographics and high traffic counts. The flexible options cater to a variety of development plans, making it an attractive proposition for investors seeking a strong return on investment. The combination of a prime location, excellent visibility, and convenient access makes this property an exceptional opportunity for businesses seeking to establish a strong presence in a growing market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,120 SF
Lot 1.5 ac (65,384 SF)
APN 01N4056094419149
UPID US61-0393133
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Richard S Glassman · 1 yrs held
Richard S Glassman
since 2025
6 recorded transactions
2025
Price N/A
2018
Price N/A
2014
Price N/A
2011
Price N/A
2009
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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