El Verde Inn & Event Space | 10020 Country Club Ln NW
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El Verde Inn & Event Space 10020 Country Club Ln NW
8,220 SF 100% Leased Retail Building Albuquerque, NM 87114 $3,250,000 ($395/SF)
Investment Highlights
- Ideal location adjacent to the golf course, with little competition. Next closest motel is a 3 mile drive away.
- Overhead is good with labor being less than 20% of budget.
- April-August room revenue was $249,000. Large upside with event revenue.
- Property is selling out every weekend.
- 50% of bookings made directly through recently designed website.
- 1 ADA-compliant room, and 2 designated pet-friendly rooms.
Executive Summary
The El Verde Inn is a newly renovated, boutique hotel located in Albuquerque – near Rio Rancho. It includes amenities such as complimentary on-site parking, a kiva fireplace in the lobby, local art on display (not owned by El Verde), an outdoor courtyard, fire pits, direct access to the Paradise Hills Golf Course, meeting and event space, and wedding facilities. There are 16 rooms available, all with queen or king size beds, some being pet-friendly and/or ADA-compliant. In addition, there is space for approximately 4-5 more rooms in an unfinished area upstairs.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,220 SF
Year Built/Renovated
1972/2023
Price
$3,250,000
Price Per SF
$395
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.77 AC
Zoning
NR-C
Amenities
- Courtyard
- Wheelchair Accessible
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-012-065-242295-3-09-09 | Improvements Assessment | $96,185 |
| Land Assessment | $34,593 | Total Assessment | $130,778 |
PROPERTY TAXES
Parcel Number
1-012-065-242295-3-09-09
Land Assessment
$34,593
Improvements Assessment
$96,185
Total Assessment
$130,778
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El Verde Inn & Event Space | 10020 Country Club Ln NW
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