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Property profile & analytics
OFF-MARKET
Commercial real estate

1205 1St St Magdalena, NM 87825

1,600 SF 0.27 ac lot Built 1965
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1205 W First Street in Magdalena, NM, presents a unique investment opportunity. Situated on a highly visible corner lot (.27 acres) at the intersection of Highways 60 and 107, this 1,600 square foot building boasts a prime location within the Village of Magdalena. The property has undergone a complete renovation, including a new roof, windows, garage doors, and entry door. Interior improvements are equally impressive, featuring new insulation, sheetrock, and paint throughout the office and restroom areas. The restroom is ADA compliant, ensuring accessibility for all. A new septic system has been installed, addressing a key infrastructure element. The property is connected to city water and benefits from a newly installed 2-inch waterline—the only one of its kind in the entire Village. Adding to its functionality, one of the garage bays includes an operable lift. The building is powered by a 200-amp service. Approximately 800 square feet of the building is dedicated to garage space. The possibilities for this versatile property are truly endless, making it an ideal choice for a variety of commercial ventures. Its strategic location and recent renovations make this a turn-key opportunity for immediate occupancy and operation.

Property profile
Verified
Property type Commercial real estate
Year built 1965
Total area 1,600 SF
Lot 0.27 ac (11,761 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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