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    700-708 University Ave Las Vegas, NM 87701

    For Sale
    $1,000,000

    Mixed Use - Las Vegas, NM

    Type:Mixed Use
    Property size:
    12,000 SF
    Lot size:
    0.64 Acres
    Days on Market:
    202
    Last Refresh:
    Dec 6 at 9:06 am

    Property Features for 700-708 University Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    R0083840; R0048126
    Size
    12,000 SF
    Lot size
    0.64 Acres

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    Home & Land Professionals, LLC (505) 425-9074 [email protected]

    Listing agent Elizabeth Demare (505) 425-9074

    Listing date May 19, 2025

    MLS# 20252853 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

    Downtown Mixed-Use Opportunity, Las Vegas

    This centrally located mixed-use property is situated on a large downtown lot and features a substantial building. The property, located in Las Vegas, New Mexico, encompasses a total of 12,000 square feet and is positioned on a 0.6428-acre lot. This property presents an opportunity for contractors and those looking to realize their visions in a downtown setting. Located in San Miguel County, this property is located at 700-708 University Avenue, Las Vegas, NM 87701.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -105.217169
    Latitude
    35.595505

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    FAQs

    What type of property is this?
    Mixed-use property - Centrally located mixed-use property with large lot and building.
    Where is this mixed-use property located?
    The property is located at 700-708 University Ave Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Large downtown lot; - Large downtown building; - Centrally located property
    (505) 425-9074
    Request Owner's contact information
    700-708 University 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
    700-708 University Ave Las Vegas, NM 87701
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