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

    412 S Grand Ave Las Vegas, NM 87701

    For Sale
    $500,000

    COMMERCIAL - Las Vegas, NM

    Lot size:
    2.33 Acres
    Days on Market:
    103
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 412 S Grand Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    C-1
    APN
    16140
    Lot size
    2.33 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    Realty One Group Concierge (505) 318-1111

    Listing agent Danielle Martinez (505) 227-5593 License #REC20250605

    Listing date Sep 3, 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

    Commercial Land on Main Street

    This commercial property offers a prime opportunity with 2.33 acres of C-3 zoned land and 115 feet of Main Street exposure. The C-3 zoning allows for a variety of commercial ventures, providing flexibility for development projects or expansion plans. The property is located in a high-traffic area, surrounded by established businesses and residential communities, offering a location for attracting clientele and maximizing foot traffic. The property is located in Las Vegas, NM.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    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
    -105.2184351
    Latitude
    35.5780455

    Nearby Similar for Sale

    • $1,385,000
      15,000 SF

      Historic Plaza Mixed-Use Opportunity

      Historic mixed-use property with retail and residential space on Plaza.
      1801 Plaza St, Las Vegas, NM 87701
      View Details
    • New
      $275,000
      4,200 SF

      Occupied Multi-Unit Income Property

      Five-unit apartment building in excellent location near university and library.
      909 5Th St, Las Vegas, NM 87701
      View Details
    • $175,000
      1,880 SF

      Income-Generating Duplex Near Highlands University

      Two-unit duplex near amenities and university, great investment opportunity.
      1412 8Th St, Las Vegas, NM 87701
      View Details
    • $175,000

      Income-Generating Duplex Near University

      Two-unit duplex near Highlands University with investment potential.
      1412 8Th St, Las Vegas, NM 87701
      View Details
    • $480,000
      2.00 Acres

      Two Homes, One Unique Property

      Two homes on a spacious lot, ideal for extended family.
      510/512 Mullins Dr, Las Vegas, NM 87701
      View Details
    • $500,000
      4,426 SF

      Historic Retail Space in Las Vegas

      Prime retail location with over 9000 sq ft potential.
      119 Bridge St, Las Vegas, NM 87701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.33 acres of C-3 zoned land with Main Street exposure.
    Where is this commercial land located?
    The property is located at 412 S Grand Ave Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Prime commercial opportunity with Main Street exposure.; - 2.5 acres of C-3 zoned land.; - **115 feet of Main Street frontage.**
    (505) 227-5593
    Request Owner's contact information
    412 S Grand Ave Las Vegas, NM 87701
    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.
    412 S Grand Ave
    Las Vegas, NM 87701
    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
    412 S Grand Ave Las Vegas, NM 87701
    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.