Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2864 Nm 14 Madrid, NM 87010

    New
    For Sale
    $549,000

    COMMERCIAL - Other - Madrid, NM

    Property size:
    3,748 SF
    Lot size:
    0.18 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 2864 Nm 14

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Historic,Other
    APN
    079100952
    Interior features
    NoInteriorSteps
    Accessibility
    Accessible Approach with Ramp
    Size
    3,748 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)

    Building Details

    Year built
    1930
    Roof type
    Shingle
    Architectural style
    Other

    Cholla Properties (505) 438-7330 [email protected]

    Listing agent Terrance Scott Polly (505) 699-0219 License #169

    Listing date Dec 4, 2025

    MLS# 202504165 Listing URL

    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

    Commercial Property in Madrid, NM

    This commercial property, featuring two apartments and a casita, is situated on Highway 14 in the heart of Madrid's business district. The property is located in Madrid, an eccentric and creative town twenty miles south of Santa Fe, known for its shops, galleries, restaurants, and year-round attractions. The turnkey property has a new roof, new electrical work, and a new hot water heater, and has been recently painted. The lot size is 0.18 acres, and the property size is 3748 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Madrid
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.1518579
    Latitude
    35.4068921

    FAQs

    What type of property is this?
    Mixed-use property - Turnkey commercial property with apartments and casita in Madrid's business district.
    Where is this mixed-use property located?
    The property is located at 2864 Nm 14 Madrid, NM.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Turnkey commercial property in the center of Madrid's business district.; - Includes 2 apartments and a casita.; - New roof, new electrical work, and new hot water heater.
    (505) 699-0219
    Request Owner's contact information
    2864 Nm 14 Madrid, NM 87010
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2864 Nm 14
    Madrid, NM 87010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2864 Nm 14 Madrid, NM 87010
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.