$100,000
16235 S Highway 28, La Mesa, NM, 88044
On Market
Property Lead Type:
Deal ListAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
FlooringTile, See Remarks
Exterior
Lot Size4,592 sqft
Building Information
Year Built1898
Stories1
Roof Type158
Land Information
APN4-011-148-327-216
Land UseResidential
Legal DescriptionS: 23 T: 25S R: 2E BRM 20A TR 71
Census Tract001600
Assessed Land Value$4,906
Assessed Improvement Value$5,977
Assessment Year2025
About this property
Prime Investment Opportunity - Commercial Potential! Located directly on a main street, this property offers unbeatable visibility and easy access—making it an excellent candidate for commercial use. Whether you're looking to develop a retail space, office, or service-based business, the location speaks for itself. High-traffic area, strong street presence, and minutes from major roads and local amenities—this is the kind of opportunity smart investors look for. Unlock the potential and turn this property into your next successful project!
Investor Tools
$0Estimated Mortgage Balance
$179,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$95/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$240
$10,883
2025
$4,906
$5,977
$32,647
No
Tax History
Year
Tax Paid
Assessed Value
2025
$240
$10,883
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$179,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$810/mo
N/A
+$810/mo
5.4%
