Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1205 1St St Magdalena, NM 87825

    For Sale
    $335,000

    Prime Magdalena Commercial Space, Renovated

    Property size:
    1,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    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 Features for 1205 1St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,600 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Toy Store Auto Parts Store Storage Facility Travel Agency Arcade & Gaming Center Food Market Bar & Pub Plumbing Service Wholesale Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Magdalena
    County
    Socorro
    State
    New Mexico
    Longitude
    -107.2518
    Latitude
    34.11365

    Nearby Similar for Sale

    • $169,000
      590 SF

      Magdalena Triplex with Mountain Views

      Well-maintained triplex in Magdalena with mountain views and recent renovations.
      903-907 S Main St, Magdalena, NM 87825
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Magdalena Commercial Space, Renovated
    Where is this commercial real estate located?
    The property is located at 1205 1St St Magdalena, NM.
    What is the asking price?
    The asking price for this property is $335,000.
    (505) 916-9171
    Request Owner's contact information
    1205 1St St Magdalena, NM 87825
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1205 1St St
    Magdalena, NM 87825
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1205 1St St Magdalena, NM 87825
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.