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    301 W 3Rd St Portales, NM 88130

    Sponsored
    For Sale
    $165,000

    Commercial Sale - Portales, NM

    Property size:
    1,316 SF
    Lot size:
    0.31 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 301 W 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R007803, R001435, R001439
    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 Koletta Hays (575) 226-0671

    Listing date Dec 22, 2025

    MLS# 20257124 Listing URL

    Copyright © 2026 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 Office Building with Lots

    This commercial property presents a business opportunity with good proximity to downtown Portales. It features an office building accompanied by two additional lots, situated on a large corner lot. The office building includes a lobby, three separate offices, and a vault with shelving storage. There are also two bathrooms. A metal carport is located at the rear of the building. The office building's heating and cooling unit has been updated and is now located on top of the building, with the gas line relocated to the outside. Additionally, there is a stucco house and garage on the property that has not been inhabited in years, offering new owners the option to restore or tear them down. The property is located across from the Portales Comfort Inn, Portales Library, and the Portales Fire Department. The property size is 1316 square feet, and the lot size is 0.3145 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.33716239
    Latitude
    34.183712679

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    FAQs

    What type of property is this?
    Office building - Office building with additional lots near downtown Portales, NM.
    Where is this office building located?
    The property is located at 301 W 3Rd St 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: - Prime location near Downtown Portales, offering excellent business opportunities.; - Includes an office building with three separate offices, a lobby, and a vault.; - Features two additional lots on a large corner lot, providing ample space and potential.
    (575) 760-1929
    Request Owner's contact information
    301 W 3Rd St Portales, NM 88130
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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 W 3Rd St Portales, NM 88130
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