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Bloomfield Commercial Property For Sale

1504 W BROADWAY Avenue Bloomfield, NM 87413

Claim this Listing
For Sale
$485,000

COMMERCIAL - Bloomfield, NM

Property size:
4,000 SF
Price / SF:
$121/SF
Added:
Oct 23, 2024
Days on Market:
628
Last Refresh:
Jul 12 at 10:06 pm

Property Features for 1504 W BROADWAY Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Standard status
Active
Size
4,000 SF

Taxes and HOA fees

Tax Description
As recorded in Book 1517 Page 857

Utilities

Cooling system
Central Air

Building Details

Floors in Building
1

Listing agent David Harris License #12831

Listing office Dimmick Realty 3555 E Main Ste A, NM

Listing date Oct 23, 2024

MLS# 24-1311

Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This commercial property, formerly a Front Row Seat, is located in Bloomfield, New Mexico. The property has an open floor plan, offering many possibilities for use. It features good visibility. The property size is 4000 square feet. The zoning is General Commercial.

Key Highlights

  • Open floor plan offering many possibilities.
  • Great visibility.
  • Central air conditioning.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $59.0k $14.76
− Vacancy −$2.5k −$0.63
EGI $56.5k $14.13
− OpEx −$17.0k −$4.24
NOI $39.6k $9.89
4,000 SF · lease $14.76/SF/yr · vacancy 4.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$565.0K
$494.4K – $659.2K (±1% cap)
NOI $39,551 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.5K
$724.1K – $965.4K (±1% cap)
NOI $57,924 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail properties & Spaces

Suggested Use

Real Estate Agency Law Firm Pharmacy Building Supply Storage Facility Hair Salon Kitchen & Bath Showroom Furniture & Home Goods HVAC Service Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail property - Commercial property with open floor plan and great visibility.
Where is this retail property located?
The property is located at 1504 W BROADWAY Avenue Bloomfield, NM.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Open floor plan offering many possibilities.; Great visibility.; Central air conditioning.
Contact an agent
More about this property
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