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Hoosier Hot Springs 516 Austin St 6 Room Hotel Truth Or Consequences, NM 87901 $2,279,000 ($379,833/Room) 12% Cap Rate
Investment Highlights
- Four (4) private soaking areas
- 29 acre feet of commercial hot mineral water rights
- Two (2) wells; 1 is inactive but could be put back into service
Executive Summary
Hoosier Hot Springs is located in the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences - a 56 acre historic district that was listed on the National Register of Historic Places in 2005.
Hoosier Hot Springs has three lines of business:
• Hot Springs - renovated and reintroduced to the public in early 2024
• Inn/Short Term Rentals -6 renovated units (5 suites and 1 room), opened November 2024
• Residences/Long Term Rentals - 6 units (3 one bedroom units and 3 studio apartments)
Hoosier Hot Springs has three lines of business:
• Hot Springs - renovated and reintroduced to the public in early 2024
• Inn/Short Term Rentals -6 renovated units (5 suites and 1 room), opened November 2024
• Residences/Long Term Rentals - 6 units (3 one bedroom units and 3 studio apartments)
Property Facts
| Price | $2,279,000 | Lot Size | 0.41 AC |
| Price Per Room | $379,833 | Building Size | 5,400 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Cap Rate | 12% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1937/2024 |
| Property Type | Hospitality | Parking Ratio | 2.8/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C-2 - Commercial | ||
| Price | $2,279,000 |
| Price Per Room | $379,833 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 5,400 SF |
| No. Rooms | 6 |
| No. Stories | 2 |
| Year Built/Renovated | 1937/2024 |
| Parking Ratio | 2.8/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-2 - Commercial |
Amenities
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $153.00 | - |
| Guest Room | 1 | $123.00 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3022079287041 | Improvements Assessment | $205,261 |
| Land Assessment | $16,407 | Total Assessment | $221,668 |
Property Taxes
Parcel Number
3022079287041
Land Assessment
$16,407
Improvements Assessment
$205,261
Total Assessment
$221,668
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Hoosier Hot Springs | 516 Austin St
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