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    FOR SALE
    Motels

    2210 W Pierce St, Carlsbad, NM 88220

    46,480 SF Built 2007
    Property ID
    US61-1294180
    Property summary
    AI-generated overview

    Property Description Presenting an exceptional investment opportunity in Carlsbad, NM! This property features 80 modernized units, thoughtfully renovated in 2018 with the renowned Formula Blue design to provide guests with a fresh and contemporary experience. The spacious lobby and common areas offer a welcoming atmosphere for relaxation, while updated amenities cater to the needs of modern travelers. The well maintained exterior and convenient access to local attractions and business centers make this property an ideal choice for hospitality investors seeking a strong return on investment. With its prime location and the recent renovations, this property is poised to deliver a rewarding guest experience and promising financial performance. Location Description Carlsbad, New Mexico, is a charming city known for its natural beauty and outdoor attractions. Located in the southeastern part of the state, it is famous for the Carlsbad Caverns National Park, a UNESCO World Heritage site featuring stunning underground formations. The city also serves as a hub for oil and gas industries, offering a blend of cultural heritage, scenic landscapes, and economic vitality. With its welcoming atmosphere and proximity to unique attractions, Carlsbad is a growing destination for both tourists and business travelers.

    Property profile
    Verified
    Property type Motels
    Year built 2007
    Total area 46,480 SF
    UPID US61-1294180
    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
    • Ramirez Rosemary Hotel & Motel
    • Holiday Inn Express & Suites Carlsbad, an IHG Hotel 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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