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Hoosier Hot Springs 516 Austin St 6 Room Hotel Truth Or Consequences, NM 87901 $3,181,302 CAD ($530,217 CAD/Room) 12% Cap Rate
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 | $3,181,302 CAD | Lot Size | 0.41 AC |
| Price Per Room | $530,217 CAD | 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
|
| Price | $3,181,302 CAD |
| Price Per Room | $530,217 CAD |
| 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 |
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 | $213.58 CAD | - |
| Guest Room | 1 | $171.70 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 3022079287041 | Improvements Assessment | $287,060 CAD |
| Land Assessment | $22,945 CAD | Total Assessment | $310,005 CAD |
PROPERTY TAXES
Parcel Number
3022079287041
Land Assessment
$22,945 CAD
Improvements Assessment
$287,060 CAD
Total Assessment
$310,005 CAD
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Hoosier Hot Springs | 516 Austin St
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