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    1743 N Grand Ave Las Vegas, NM 87701

    For Sale
    $625,000

    COMMERCIAL - Las Vegas, NM

    Property size:
    5,040 SF
    Lot size:
    0.75 Acres
    Days on Market:
    176
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1743 N Grand Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    1-095-094-348-046
    Size
    5,040 SF
    Lot size
    0.75 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    2009

    Santa Fe Realty Ultd. (505) 603-2435 [email protected]

    Listing agent Leland Titus (505) 603-2435 License #REC20220687

    Listing date Jun 13, 2025

    Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Commercial Property, Las Vegas, NM

    This commercial property features two modular office buildings with long-term tenants. Located on a 0.75-acre lot on North Grand Avenue, the property offers approximately 5,040 square feet of leasable space. Building 1743 Grand Ave includes 1,680 square feet and is leased through November 2026. It features a new HVAC system installed in August 2023, new carpet installed in November 2022, and interior paint completed in November 2022. Building 1747 Grand Ave offers 3,360 square feet and is leased through February 2027. A new HVAC system is scheduled for installation in June 2024. New carpet was installed in March 2021, and fresh interior paint was completed in February 2024. Designed with architectural plans in 2009, both buildings are modular, fully electric, and ADA-compliant. The property includes a shared parking lot with 22 spaces and is fully enclosed with a fence. The property is located next to the Recreation Center and directly across from City Hall.
    Location Intelligence

    Current Use by Public Records

    Engine No. 1129 Historical Landmark Northern New Mexico ... Real Estate Agency Singleton Schreiber Legal Services

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2108713
    Latitude
    35.608821

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    FAQs

    What type of property is this?
    Office building - Two modular office buildings with long-term tenants on 0.75 acres.
    Where is this office building located?
    The property is located at 1743 N Grand Ave Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Reliable income stream with long-term tenants in place through November 2026 and February 2027.; - Prime location on North Grand Avenue, next to the Recreation Center and across from City Hall.; - Attractive CAP rate, offering a fantastic opportunity to secure a long-term, income-producing asset.
    (505) 603-2435
    Request Owner's contact information
    1743 N Grand Ave Las Vegas, NM 87701
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    Las Vegas, NM 87701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1743 N Grand Ave Las Vegas, NM 87701
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