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    205 Kentucky Ave Roswell, NM 88203
    Property profile & analytics

    205 Kentucky Ave, Roswell, NM 88203

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    • Commercial real estate
    Off-Market
    Property ID
    US61-0388152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Avyan's Porta Potties / Building Supply

    Property Details for 205 Kentucky Ave

    Year built
    1942
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a charming two-unit duplex located at 205 S Kentucky Avenue in Roswell, New Mexico, zip code 88203. Built in 1942, this special purpose property sits on a generous 8,000 square foot lot, offering ample space and potential. Each unit boasts one bedroom and one bathroom, providing comfortable living spaces for tenants. The property's convenient location places it in close proximity to the heart of downtown Roswell and various shopping amenities, ensuring high tenant demand and occupancy rates. A significant advantage is the recently replaced roof, eliminating immediate maintenance concerns and reducing future expenses for the new owner. The duplex also features plenty of rear parking, a valuable asset for tenants and a positive contributor to rental income. Priced at $169,000, this property represents a compelling investment opportunity for those seeking rental income in a desirable location. The property's strong fundamentals, coupled with its prime location and recent improvements, make it an attractive addition to any investment portfolio. This is a turnkey opportunity ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.5271419
    Latitude
    33.3915583

    Comparable in this City

    • Contact for pricing
      5.00 Acres

      Affordable Land Parcel in Roswell

      5 acre land parcel, 15 minutes to Roswell, New Mexico.
      Buena Vida, Roswell, NM 88203
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Roswell, NM

      7,000 sq ft lot zoned R-3 for residential development.
      212 W Mathews St, Roswell, NM 88203
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      Mixed-Use Property For Sale

      Mixed-use and industrial property available for purchase.
      4510 SE Main St. Hwy, Roswell, NM 88203
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    • $75,000
      1.58 Acres

      Roswell Land with High Traffic

      Two adjoining lots totaling 1.58 acres in Roswell, NM.
      1803 E Bland Ave, Roswell, NM 88203
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    • $85,000
      3.00 Acres

      Roswell Land Ready for Development

      3 acres in Roswell, NM, subdivided into 24 approved lots.
      Beech St, Roswell, NM 88203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

      Affordable Land Parcel in Roswell

      5 acre land parcel, 15 minutes to Roswell, New Mexico.
      Buena Vida, Roswell, NM 88203
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Roswell, NM

      7,000 sq ft lot zoned R-3 for residential development.
      212 W Mathews St, Roswell, NM 88203
      View Details
    • Contact for pricing

      Mixed-Use Property For Sale

      Mixed-use and industrial property available for purchase.
      4510 SE Main St. Hwy, Roswell, NM 88203
      View Details
    • $75,000
      1.58 Acres

      Roswell Land with High Traffic

      Two adjoining lots totaling 1.58 acres in Roswell, NM.
      1803 E Bland Ave, Roswell, NM 88203
      View Details
    • $85,000
      3.00 Acres

      Roswell Land Ready for Development

      3 acres in Roswell, NM, subdivided into 24 approved lots.
      Beech St, Roswell, NM 88203
      View Details

    Similar Nearby for Lease

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      25,812 SF

      Affordable Multifamily Asset For Rent

      60-unit Roswell, New Mexico multifamily asset with HAP contract.
      1515 S Sunset Ave, Roswell, NM 88203
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    • Contact for pricing
      191,815 SF

      Roswell Warehouse/Distribution Space Available

      Large manufacturing/industrial/distribution warehouse in Southeastern New Mexico.
      3911 S Main St, Roswell, NM 88203
      View Details
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    Roswell, NM 88203
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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