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Property profile & analytics
OFF-MARKET
Warehouses

502 Lake St Tucumcari, NM 88401

1.16 ac lot Built 1980
Property ID
US61-0968492
Property summary
AI-generated overview

This exceptional 1.16-acre commercial property at 502 S Lake Street, Tucumcari, New Mexico, 88401, presents a unique investment opportunity. Built in 1980, this versatile property encompasses land, office, retail, and industrial space, currently housing a thriving farm and ranch supply store, a highly-rated barbeque restaurant (Watson's Barbeque, ranked 13th in a 2018 Travel + Leisure article), and a gift shop. The existing business, operating for over 36 years, boasts a diverse inventory including farm and ranch supplies, clothing, footwear, home décor, western goods, and a selection of meats and other food items. The business also benefits from a strong online presence and 5-star TripAdvisor reviews. The property's location in Quay County offers excellent visibility and access, making it ideal for continued operation of the existing business or redevelopment to suit a variety of commercial ventures. The asking price is $600,000. This is a rare chance to acquire a well-established, multi-faceted business with significant potential for growth and return on investment.

Property profile
Verified
Property type Warehouses
Year built 1980
Lot 1.16 ac (50,530 SF)
UPID US61-0968492
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
  • Watson's BBQ Restaurant
  • Tucumcari Ranch & Farm Supply home of Watson's BBQ Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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