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Property profile & analytics
OFF-MARKET Estimated value $1,285,000
Industrial properties

24200 Stern Dr Anthony, NM 88021-9388

23,400 SF 3 ac lot Built 2007
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US61-0534618
Property summary
AI-generated overview

This exceptional 3-acre commercial property located at 24200 Stern Drive in Anthony, New Mexico, presents a compelling investment opportunity with significant potential for passive income or owner-occupancy. The property's flexible layout is ideal for multiple tenants, offering convenient, separately sized spaces that are highly attractive to a diverse range of businesses. Its strategic location provides unparalleled access to both El Paso and Las Cruces via Interstate 10 and Highway 404, connecting to East El Paso and Alamogordo. This prime location ensures high visibility and accessibility, maximizing exposure to a large customer base. The asking price is $1,495,000. The property's versatility makes it suitable for a variety of commercial uses, offering a strong return on investment for both passive investors and owner-operators seeking a strategic location with excellent connectivity. The substantial acreage allows for future expansion or development, further enhancing its long-term value. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area with exceptional access to major transportation arteries. Schedule a viewing today to explore the possibilities this property offers.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2007
Total area 23,400 SF
Lot 3 ac (130,680 SF)
Zoning code I1
APN 4-018-155-329-048
UPID US61-0534618
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
  • JR Truck and Trailer Auto Repair Shop
  • TowerComm Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.29M
Owner & transaction history
Cim Distributing INC
Cim Distributing INC
7 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I1 · Anthony, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source § 150.158 HOME OCCUPATIONS.
Top alternative use upside
Retail stores $2.0M +53.7%
Apartment house (5+ units) $2.0M +49.1%
Commercial (general) $1.9M +40.9%
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