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311 W Fox St
Carlsbad, NM 88220
Post Time Inn · Hospitality Property For Sale
·
30,650 SF
Investment Highlights
- The property has undergone extensive renovations, offering updated décor, comfortable rooms, and upgraded common areas.
- NM has lower property taxes than other states. The hotel’s average annual property tax has been approx. $1,600 ($40 per room) over the last two years.
- The nearby attraction Carlsbad Caverns National Park, (a UNESCO World Heritage Site), draws 400,000-500,000 visitors annually.
- As an absentee-owned hotel managed by a 3rd party (Lark Hospitality), a more active owner/operator would have the opportunity to make improvements.
- The hotel’s average rooms revenue exceeded $790,000 (rounded) in 2023 and 2024.
- Major employers in Eddy County & nearby Lea County include Halliburton, ConocoPhillips, Chevron, Baker Hughes, & Patterson-UTI Drilling Co.
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1955/2020 |
| Building Class | B | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 1.13 AC | Corridor | Exterior |
| Building Size | 30,650 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.13 AC |
| Building Size | 30,650 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2020 |
| Parking Ratio | 1.6/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Numbers | Improvements Assessment | $217,606 | |
| Land Assessment | $11,250 | Total Assessment | $228,856 |
Property Taxes
Parcel Numbers
Land Assessment
$11,250
Improvements Assessment
$217,606
Total Assessment
$228,856
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