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    84/285 Hennigan, Unit B Espanola, NM 87532

    For Sale
    $225,000

    COMMERCIAL - Espanola, NM

    Property size:
    500,678 SF
    Lot size:
    3.21 Acres
    Days on Market:
    201
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 84/285 Hennigan

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    1047119038000000
    Size
    500,678 SF
    Lot size
    3.21 Acres

    Utilities

    Water source
    Well
    Water front
    1

    NM Real Estate Project (505) 690-7090 [email protected]

    Listing agent David L. Horpedahl (505) 690-7090 License #16847

    Listing date May 28, 2025

    MLS# 201904736 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

    Espanola Commercial Land with Well

    This 3.21-acre commercial land parcel is located at the prime entry point into Espanola. The lot has a well and other utilities are available along the highway. City sewer access is nearby. The zoning allows for a variety of auxiliary and primary uses, including storage units and RV parks. According to verbal approval from the city, potential uses include medical condos, RV facilities, and storage units. The property may be suitable for storage units, an RV park, or other ventures, subject to city approval. Financing options may be available. The property is located at the south-east entrance to Espanola.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Espanola
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.056484
    Latitude
    35.988203

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    FAQs

    What type of property is this?
    Commercial land - 3.21 acre commercial land parcel with well near Espanola.
    Where is this commercial land located?
    The property is located at 84/285 Hennigan, Unit B Espanola, NM.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Well on property.; - Close proximity to city sewer.; - Utilities on lot by highway.
    (505) 690-7090
    Request Owner's contact information
    84/285 Hennigan, Unit B Espanola, NM 87532
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    Espanola, NM 87532
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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
    84/285 Hennigan, Unit B Espanola, NM 87532
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