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    212 1St St Portales, NM 88130

    For Sale
    $250,000

    Versatile 4,130 sq ft, central location

    Property size:
    4,130 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 4,130-square-foot commercial property at 212 W 1st Street, Portales, NM, presents a unique investment opportunity. Situated on a 0.14-acre lot in the heart of Portales, this two-story building boasts a highly desirable location near the Recreation Complex, Portales High School, and local shopping, ensuring high visibility and accessibility. The thoughtfully designed interior features separate men's and women's restrooms on the first floor and a private bathroom with shower facilities on the second. A private rooftop balcony provides a unique outdoor space. Ample built-in shelving throughout offers efficient storage solutions. Large windows flood the space with natural light, creating an inviting atmosphere. A spacious conference room is perfect for meetings, complemented by a convenient kitchen area. Dedicated parking is available both alongside and behind the building. The property's well-maintained structure and central location within Portales' business district make it ideal for a variety of commercial ventures. This property offers a blend of functionality, modern amenities, and prime positioning, making it an attractive investment opportunity for businesses seeking a professional and convenient space. The asking price is $250,000.

    Property Features for 212 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,130 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1994
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Doerr & Knudson Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.3388
    Latitude
    34.18571

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 4,130 sq ft, central location
    Where is this commercial real estate located?
    The property is located at 212 1St St Portales, NM.
    What is the asking price?
    The asking price for this property is $250,000.
    (575) 935-4663
    Request Owner's contact information
    212 1St 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
    212 1St St Portales, NM 88130
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