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    5061 Lots 1-8 Rd Bloomfield, NM 87413

    For Sale
    $500,000

    6 Acres, 8 Lots, High Rental Income

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses 6.03 acres of commercially zoned land in Bloomfield, New Mexico, subdivided into eight individual lots, each approximately 0.75 acres. Each lot is equipped with readily available utilities including natural gas, water, electricity, and septic hookups. Three lots boast newer leach fields, enhancing their immediate usability. Currently, each lot is occupied and generates a monthly rental income of $250, with existing leases extending for the next six months. It's important to note that the manufactured homes situated on the lots are tenant-owned and will not be included in the sale. This property presents itself as a lucrative mobile home park, generating immediate cash flow, or a prime location for developing a new subdivision of site-built homes, offering significant long-term potential. The property is priced at $500,000, and the seller is open to considering owner financing options, making this an attractive proposition for various investment strategies. This presents a rare opportunity to acquire a substantial land holding with existing income and significant upside potential in a growing New Mexico market. The property's location in Bloomfield offers convenient access to local amenities and transportation routes. The existing infrastructure and established rental income stream make this an ideal investment for both seasoned and emerging investors seeking a strong return on investment.

    Property Features for 5061 Lots 1-8 Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    262,667 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.9942
    Latitude
    36.6882

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    FAQs

    What type of property is this?
    Commercial real estate - 6 Acres, 8 Lots, High Rental Income
    Where is this commercial real estate located?
    The property is located at 5061 Lots 1-8 Rd Bloomfield, NM.
    What is the asking price?
    The asking price for this property is $500,000.
    (505) 557-4976
    Request Owner's contact information
    5061 Lots 1-8 Rd Bloomfield, NM 87413
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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.

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    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
    5061 Lots 1-8 Rd Bloomfield, NM 87413
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