839 White Sands Blvd Alamogordo, NM 88310-7248
Property profile & analytics
839 White Sands Blvd Alamogordo, NM 88310-7248
- Turn key restaurants
- 5,418 SF
- 0.89 lot acres
Property ID
US61-0935635
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
- Buffalo Wild Wings / Restaurant
Property Details for 839 White Sands Blvd
- Year built
- 2013
- Lot size
- 0.89 lot acres
- Property size
- 5,418 SF
- Property type
- Turn key restaurants
- APN
- 01N4055095108319
- APU
- 01N4055095108319
Description
This exceptional investment opportunity presents a 5,418 square foot Buffalo Wild Wings restaurant located at 839 S White Sands Blvd, Alamogordo, NM 88310. The property sits on a 0.9-acre lot and benefits from a strong location on a main retail corridor with high visibility and over 18,500 vehicles passing daily. The absolute NNN lease, with a corporate guarantee, provides zero landlord responsibility. The current lease, originally signed December 24, 2013, has a remaining term of approximately 4.1 years, with two five-year renewal options. The lease commenced in 2013 and expires December 31, 2028. The property boasts a 6.25% cap rate and a Net Operating Income (NOI) of $155,000. The asking price is $2,480,000, translating to $457.73 per square foot. Built in 2013, this 100% occupied property is situated in a thriving area with a population exceeding 34,558 within a 5-mile radius and an average household income of $60,000 within 1 mile. The area's strong food and beverage market, exceeding $108,000,000 in 2023 within a 5-mile radius, further enhances the investment potential. The proximity to Hollman AFB, home to over 21,000 military and civilian personnel, and seven hotels within a 1-mile radius, contributes to the consistent high traffic volume. Rent bumps are included in the lease options. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $375,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $861,000
Market price range: $423k - $861k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $650,000 Current use
- OFFICE BUILDING
- $675,000 Change: +4% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $540,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alamogordo
- County
- Otero
- State
- New Mexico
- Longitude
- -105.959
- Latitude
- 32.8813
- 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
$15,266
$106,667
$390,350
$497,017
-
$320,000
$1,171,050
$1,491,050
