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    111 Corvin Ct Moriarty, NM 87035

    For Sale
    $747,500

    Two buildings, versatile uses, I-40 proximity.

    Property size:
    5,550 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional Moriarty, NM business opportunity encompasses two buildings totaling 5,550 square feet, strategically located on a spacious 2.41-acre lot near Interstate 40, offering unparalleled accessibility. Building 1, a substantial 3,750 square feet, boasts 220 AMP three-phase electrical service, adding significant operational flexibility. It includes two half-bathrooms, convenient washer and dryer hookups, and electric heating in the office and bathrooms. The main area utilizes efficient propane infrared heaters. An upstairs area presents potential for office space or living quarters. Building 2, measuring 1,800 square feet, currently lacks power but features a leased propane tank. Both buildings are well-insulated, providing year-round comfort and efficiency. Their adaptable design lends itself to a wide array of uses, including automotive repair, storage, workshops, or retail ventures. A shared well exists with the adjacent property to the east, which is also available for purchase, presenting a compelling opportunity for a larger-scale acquisition. The zoning classification requires verification. This property presents a unique chance to establish or expand a business in a prime location with significant potential. The combination of size, location, and versatility makes this an attractive investment.

    Property Features for 111 Corvin Ct

    General Information

    Property type
    Investment properties
    Square Feet
    5,550 SF
    Lot Size
    104,980 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.1043
    Latitude
    35.02688

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    FAQs

    What type of property is this?
    Investment property - Two buildings, versatile uses, I-40 proximity.
    Where is this investment property located?
    The property is located at 111 Corvin Ct Moriarty, NM.
    What is the asking price?
    The asking price for this property is $747,500.
    (505) 554-2213
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    111 Corvin Ct Moriarty, NM 87035
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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
    111 Corvin Ct Moriarty, NM 87035
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