1205 1St St Magdalena, NM 87825
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.