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Property profile & analytics
FOR SALE
Automotive properties

508 S White Sands Blvd Alamogordo, NM 88310

9,739 SF 0.46 ac lot Built 1965
Individually Owned Free & Clear
Property ID
US61-0399364
Property summary
AI-generated overview

This exceptional investment opportunity presents a 28-key motel situated on 0.46 acres at 508 S White Sands Blvd, Alamogordo, NM 88310. Built in 1957, the Economy Inn offers a unique blend of vintage charm and significant potential. The two-story building presents a canvas for renovation and repositioning, allowing for the creation of a boutique hotel, charming bed and breakfast, or other hospitality concept. Its location on bustling White Sands Boulevard ensures convenient access to local attractions, shopping, and dining, guaranteeing a consistent flow of potential guests. The asking price for this well-established property is $1,150,000. This property represents a compelling opportunity for investors seeking to capitalize on the thriving hospitality sector in Alamogordo, New Mexico. The property's central location and existing infrastructure provide a solid foundation for future success, offering a unique chance to shape the future of this established Alamogordo landmark. The 28 rooms provide immediate revenue potential, while the property's size and location offer significant upside for expansion or enhancement. This is a rare chance to acquire a well-positioned motel in a desirable New Mexico market.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1965
Total area 9,739 SF
Lot 0.46 ac (20,168 SF)
APN 01N4055095065187
UPID US61-0399364
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
  • Economy Inn - Alamogordo Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
RANJITBHAI K BHAKTA
RANJITBHAI K BHAKTA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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