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    222 Main Ave Ave Portales, NM 88130

    For Sale
    $175,000

    Spacious Shop & Office - Ideal for Auto Repair

    Property size:
    3,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 3,000 square foot commercial property, situated on a 0.37-acre lot at 222 N Main Ave, Portales, NM, presents a remarkable investment opportunity. The building, a robust 40x75 steel structure, is perfectly suited for automotive repair or a variety of other businesses. The expansive shop area boasts three overhead doors – one 14-foot and two 12-foot – all opening onto a large concrete apron, providing ample space for vehicle access and maneuvering. Additional access is provided by a 6x7 drop-off door and a walk-in door directly to the office. Internal access to the office is also available from the shop area. The shop is well-insulated and equipped with comprehensive heating and cooling ductwork throughout both the shop and office areas, ensuring year-round comfort. Abundant electrical outlets are strategically placed throughout the shop to accommodate various equipment needs. A convenient stairway leads from the shop to a decked storage area, ideal for parts or other materials. The office space features a reception area, a workspace with two desks, and a bathroom. A comprehensive 5-camera security system (2 exterior, 3 interior with monitor) enhances security. This turnkey property is ready for immediate occupancy and offers a fantastic opportunity to establish or expand your business. The property is located in Portales, NM.

    Property Features for 222 Main Ave Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,000 SF
    Lot Size
    16,117 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.3423
    Latitude
    34.1617

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Shop & Office - Ideal for Auto Repair
    Where is this commercial real estate located?
    The property is located at 222 Main Ave Ave Portales, NM.
    What is the asking price?
    The asking price for this property is $175,000.
    (575) 762-7776
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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

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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
    222 Main Ave Ave Portales, NM 88130
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