829 White Sands Blvd Alamogordo, NM 88310-7248
Property profile & analytics
829 White Sands Blvd Alamogordo, NM 88310-7248
- Drive through restaurants
- 2,541 SF
- 0.45 lot acres
Property ID
US61-0368246
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.
Location Intelligence
Current Use by Public Records
- Carl's Jr. / Restaurant / Take-out & Catering
Property Details for 829 White Sands Blvd
- Year built
- 2012
- Lot size
- 0.45 lot acres
- Property size
- 2,541 SF
- Property type
- Drive through restaurants
- APN
- 01N4055095100304
- APU
- 01N4055095100304
Description
This exceptional investment opportunity presents a fee-simple Carl's Jr. property in Alamogordo, New Mexico. The 2,450 square foot building sits on a 0.45-acre lot on White Sands Boulevard, a major thoroughfare with over 23,000 vehicles per day. The property benefits from a strong location near numerous national retailers including Walmart, McDonald's, Buffalo Wild Wings, and Wendy's, ensuring high visibility and consistent traffic. The current tenant, a multi-unit franchisee operating 14 locations across southern New Mexico and El Paso, is under an absolute NNN lease with zero landlord responsibilities. The lease commenced February 1, 2013, and has a remaining term of approximately 8.2 years, with a lease expiration date of January 31, 2033, and four 5-year renewal options. The asking price is $1,289,700, representing a cap rate of 7.00% and a net operating income (NOI) of $90,279. The property's strategic location near Holloman Air Force Base and White Sands National Monument further enhances its investment appeal. Scheduled rent increases are built into the lease, with the next increase scheduled for February 1, 2028. This property offers a compelling combination of passive income, long-term lease security, and a prime location in a thriving retail corridor. The low price point and replaceable tenant make this a highly attractive investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Alamogordo
- County
- Otero
- State
- New Mexico
- Longitude
- -105.96
- Latitude
- 32.8816
- 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
$8,020
$51,667
$197,327
$248,994
-
$155,000
$591,980
$746,980
