Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    261 Panorama Blvd Alamogordo, NM 88310-7255

    • Turn key restaurants
    • 7,088 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Last Sale
    Oct 15, 2020
    Location Intelligence
    Property ID
    US61-0388413
    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.

    Current Use by Public Records

    • D.H. Lescombes Winery & Bistro / Restaurant / Bistro
    • Lescombes / American Restaurant

    Property Details for 261 Panorama Blvd

    Year built
    1995
    Lot size
    1.15 lot acres
    Property size
    7,088 SF
    Property type
    Turn key restaurants
    APN
    01N4055095090485
    APU
    01N4055095090485

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.96
    Latitude
    32.8765
    CBSA code
    10460
    CBSA name
    ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,719
    $180,025
    $324,217
    $504,242
    -
    $540,076
    $972,651
    $1,512,727

    Comparable in this City

    • Value Estimation by Request
      2,173 SF

      700 1st St

      RESTAURANT • 2,173 SF
      700 1st St, Alamogordo, NM 88310-6537
      View Details
    • Value Estimation by Request
      2,296 SF

      801 Delaware Ave

      RESTAURANT • 2,296 SF
      801 Delaware Ave, Alamogordo, NM 88310-7103
      View Details
    • Value Estimation
      $555,000
      6,153 SF

      202 Panorama Blvd

      RESTAURANT • 6,153 SF
      202 Panorama Blvd, Alamogordo, NM 88310-7215
      View Details
    • Value Estimation
      $335,000
      2,070 SF

      950 White Sands Blvd

      RESTAURANT • 2,070 SF
      950 White Sands Blvd, Alamogordo, NM 88310-7241
      View Details
    • Value Estimation
      $440,000
      4,984 SF

      1115 White Sands Blvd

      RESTAURANT • 4,984 SF
      1115 White Sands Blvd, Alamogordo, NM 88310-7251
      View Details
    • Value Estimation
      $400,000
      2,000 SF

      3005 White Sands Blvd

      RESTAURANT • 2,000 SF
      3005 White Sands Blvd, Alamogordo, NM 88310-6125
      View Details

    Similar Nearby for Sale

    • $2,480,000
      5,418 SF

      Buffalo Wild Wings NNN Lease

      High-traffic, corporate-guaranteed QSR investment.
      839 White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $1,892,000
      2,524 SF

      Del Taco NNN Lease Investment

      Alamogordo, NM QSR Investment
      804 White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      0.33 Acres

      Alamogordo Retail Pad Sites Available

      Prime Retail Land: Build-to-Suit Options
      1807 10Th St, Alamogordo, NM 88310
      View Details
    • New
      $347,000
      0.39 Acres

      Alamogordo Retail Property For Sale

      Retail property in Alamogordo, New Mexico, with high traffic.
      1640 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $850,000
      6,138 SF

      Retail Building with Cultivation Facility

      Freestanding retail building with cannabis dispensary and cultivation facility.
      2010-2013 Pecan Dr, Alamogordo, NM 88310
      View Details
    • $197,250
      1,090 SF

      In-Bay Automatic Car Wash

      Car wash with potential for increased profitability.
      612 E 11Th St, Alamogordo, NM 88310
      View Details

    Similar Nearby for Lease

    • $9,000 /Mo
      9,156 SF

      Restaurant Space in High-Traffic Area

      Restaurant space available near hotels and national retailers.
      1010 S White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $15 SF/Yr
      8,320 SF

      Freestanding Retail Building on US-70

      8,320 SF retail building with high visibility on US-70.
      1300 Highway 70 W, Alamogordo, NM 88310
      View Details
    • $12 SF/Yr

      Planet Fitness Anchored Retail Space

      Retail space in Planet Fitness anchored shopping center for lease.
      1030 Adams Ave, Alamogordo, NM 88310
      View Details
    • $22 SF/Yr
      1,000 SF

      Prime Retail Space Available

      Retail space in a high-visibility Alamogordo location.
      805 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Planet Fitness Anchored Retail Space

      Retail space in Planet Fitness anchored shopping center for rent.
      1807 E 10Th St, Alamogordo, NM 88310
      View Details

    Property Visit Statistics

    • Visits by month
      22.2k
    • Visitors by month
      14.4k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    261 Panorama Blvd
    Alamogordo, NM 88310-7255
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.