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    Property profile & analytics

    516 Austin St Truth or Consequences, NM 87901

    • Hotels
    • 5,528 SF
    • 0.41 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-1088557
    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

    • Hotels

    Property Details for 516 Austin St

    Lot size
    0.41 lot acres
    Property size
    5,528 SF
    Property type
    Hotels

    Description

    This unique investment opportunity in Truth or Consequences, NM, presents a fully remodeled historic hotel and spa. The property boasts 5,528 square feet situated on a 0.413-acre lot in the Hot Springs Bathhouse and Commercial Historic District (listed on the National Register of Historic Places in 2005). The hotel features three distinct revenue streams: a recently reopened hot springs facility, a five-unit inn offering short-term rentals (four suites and one room, opening late September 2024), and seven residential units for long-term rentals (four one-bedroom units and three studio apartments). The inn's short-term rental units and the long-term residential units are slated to open late September 2024. The property includes a total of 12 keys, providing ample accommodation options for guests and residents. This turnkey operation offers a blend of established and soon-to-open revenue streams, making it an attractive investment in a vibrant historic district. The property's location within the historic district provides significant potential for tourism-related income. This is a rare chance to own a piece of New Mexico history with significant income potential. The property's recent renovations ensure a modern and comfortable experience for guests and residents alike. The combination of hot springs, short-term rentals, and long-term rentals provides a diversified income stream, mitigating risk and maximizing return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.2566734
    Latitude
    33.1274376

    Comparable in this City

    • $2,000,000
      5,528 SF

      Hoosier Hot Springs Historic District

      Historic district property with hot springs, inn, and residences.
      516 Austin St, Truth or Consequences, NM 87901
      View Details
    • $42,000

      Prime Commercial Land, Truth or Consequences

      Build-Ready Lot, 8,712 sq ft, R3 Zoning
      309 Birch St, Truth or Consequences, NM 87901
      View Details
    • $45,000
      10.00 Acres

      Flat 10-Acre Parcel Near Spaceport

      10 acre parcel near Spaceport America with excellent access.
      Butterfly Way Rd, Truth or Consequences, NM 87901
      View Details
    • $45,000
      10.00 Acres

      10 Acres Near Spaceport America

      Prime New Mexico Land - Excellent Access
      0000 Butterfly Way Rd, Truth or Consequences, NM 87901
      View Details
    • $949,900
      0.23 Acres

      Restored Mixed-Use Building in Downtown

      Restored mixed-use commercial/residential building with solar array and upgrades.
      402 Main Ave, Truth or Consequences, NM 87901
      View Details
    • New
      $39,500
      0.76 Acres

      Commercial Lot in Truth Or Consequences

      Flat commercial lot with utilities and I-25 access.
      1903 S Broadway St, Truth or Consequences, NM 87901
      View Details

    Similar Nearby for Sale

    • $2,000,000
      5,528 SF

      Hoosier Hot Springs Historic District

      Historic district property with hot springs, inn, and residences.
      516 Austin St, Truth or Consequences, NM 87901
      View Details
    • $42,000

      Prime Commercial Land, Truth or Consequences

      Build-Ready Lot, 8,712 sq ft, R3 Zoning
      309 Birch St, Truth or Consequences, NM 87901
      View Details
    • $45,000
      10.00 Acres

      Flat 10-Acre Parcel Near Spaceport

      10 acre parcel near Spaceport America with excellent access.
      Butterfly Way Rd, Truth or Consequences, NM 87901
      View Details
    • $45,000
      10.00 Acres

      10 Acres Near Spaceport America

      Prime New Mexico Land - Excellent Access
      0000 Butterfly Way Rd, Truth or Consequences, NM 87901
      View Details
    • $949,900
      0.23 Acres

      Restored Mixed-Use Building in Downtown

      Restored mixed-use commercial/residential building with solar array and upgrades.
      402 Main Ave, Truth or Consequences, NM 87901
      View Details
    • New
      $39,500
      0.76 Acres

      Commercial Lot in Truth Or Consequences

      Flat commercial lot with utilities and I-25 access.
      1903 S Broadway St, Truth or Consequences, NM 87901
      View Details
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    Truth or Consequences, NM 87901
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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