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    301 St. Ave Portales, NM 88130

    For Sale
    $165,000

    Mixed Use - Portales, NM

    Type:Mixed Use
    Property size:
    1,316 SF
    Lot size:
    0.31 Acres
    Days on Market:
    108
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 301 St. Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    100000000376600,100000000376400,00954400
    Size
    1,316 SF
    Lot size
    0.31 Acres

    Building Details

    Building materials
    Brick, Frame, Stucco
    Roof type
    Flat
    Architectural style
    Other

    Buena Vista Realty (575) 226-0671 [email protected]

    Listing agent Kercida Merrick (575) 226-0671

    Listing date Aug 28, 2025

    MLS# 20236518 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portales Mixed-Use Corner Lot

    This mixed-use property features an office building and two additional lots situated on a corner location near downtown Portales, New Mexico, across from the Best Western Hotel and the Portales Fire Department. The office building includes a lobby, three separate offices, a vault with shelving storage, two bathrooms, and a kitchen break room. It is equipped with phone lines, network, and internet connectivity. A metal carport is located at the rear of the building. The stucco house and garage on the property have not been inhabited for several years, offering new owners the option to restore or demolish them. The heating and cooling unit has been updated and relocated to the top of the building, and the gas line has been moved to the outside of the building. The property is approximately 1,316 square feet in size and sits on a lot of approximately 0.3145 acres. The estimated year the property was built is detailed in the lead base paint form in the documents.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.337199941
    Latitude
    34.183761493

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    FAQs

    What type of property is this?
    Office building - Office building with two lots near downtown Portales, New Mexico.
    Where is this office building located?
    The property is located at 301 St. Ave Portales, NM.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Office building featuring three separate offices, lobby, vault with shelving storage, two bathrooms, and a kitchen break room.; - Includes two additional lots on a corner lot.; - Prime location near downtown Portales, across from Best Western Hotel and the Fire Department.
    (575) 226-0671
    Request Owner's contact information
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    Portales, NM 88130
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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
    301 St. Ave Portales, NM 88130
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