The area economy is driven by the military (Holloman air force base, home to the 54th Fighter group and the MQ-9 Reaper/Predator Drones.This property contains four one bedroom, one bathroom units with carpet or hardwood floors in the units. Location is the real key for this property as its walking distance to Alamogordo's main retail corridor and the 12 acre Alameda park and zoo.Based on the current average rents of $658 per month, the property's measures of investment performance include a 7. 40 GRM, 6.923% cap rate before reserves, before tax IRR of 19.70% and an after-tax IRR of 15.20%.If rents were raised to the submarket average of $825, the measures of investment performance improve to a 10.30% cap rate, and an outstanding 23.87% cash on cash.
This 27.14 Acre lot in a very desirable area, has great development opportunities. It can be subdivided with many building site options for homes within city limits and utilities close by. Near to shopping, restaurants and hospital. All reasonable offers will be considered, priced below 2019 appraisal.
Gorgeous commercial building/ property for sale in beautiful sunny Alamogordo. All restaurant tables, chairs, bar, and commercial freezer do convey with the building. Great for steak house or any other type of restaurant, office, retail shop, or any other business. The possibilities are endless. Located in a great location, with lots of parking space and easy access.
Amazing restaurant opportunity for sale! Lease or owner finance options are also available. Formerly Peppers Grill, a successful Alamogordo restaurant staple, this turn-key restaurant has untapped potential for the large party and event business. Two unique dining rooms have separate entry ways, creating the opportunity for two restaurants or entertainment spaces to run out of the same kitchen.With the mall being revitalized across the street and the usual buzz on the fairgrounds, the traffic is consistently flowing to this establishment. Bring your culinary creativity to this unparalleled location! Call today for more information
Alamogordo is located in New Mexico. Alamogordo, New Mexico has a population of 31,201. Alamogordo is less family-centric than the surrounding county with 30.61% of the households containing married families with children. The county average for households married with children is 31.24%.
The median household income in Alamogordo, New Mexico is $46,026. The median household income for the surrounding county is $46,949 compared to the national median of $69,021. The median age of people living in Alamogordo is 39 years.
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 28.4 degrees. The average rainfall is approximately 11.4 inches per year, with 2.3 inches of snow per year.
