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    1927/1929 Broadway Ave Ave Bloomfield, NM 87413

    For Sale
    $995,000

    70-Acre Commercial Property w/Improvements

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This expansive 70.32-acre commercial property presents a unique investment opportunity in Bloomfield, New Mexico. Situated in both the city and San Juan County, the land offers diverse development potential. The front 14.537 acres, located within city limits, offer potential for commercial or residential development, with existing utilities and landscaping, including functional underground piping. The remaining acreage, situated in San Juan County, features barns, a house foundation, pastures, ponds, and fields. The property boasts approximately 38-39 acres of adjudicated water rights with gravity flow irrigation (buyer to verify with the NM State Engineer's office). These water sources supply the ponds, used for livestock and fishing. Currently, sections of the land are cultivated with alfalfa, generating income. Other areas provide pastureland for livestock. A significant portion of the property remains in its natural state, attracting wildlife. Improvements include a large shop, a barn, pipe-fenced horse stalls, storage units with covered vehicle/equipment storage, a goat pen, chicken coop, batting cage, and a tennis court. The property is accessed via a large gate off Broadway Avenue and features existing fencing. A septic system is located near the house foundation, and the front portion offers potential connection to the city sewer system. This property offers a multitude of possibilities for development and income generation.

    Property Features for 1927/1929 Broadway Ave Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,063,139 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.8783
    Latitude
    36.6266

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    FAQs

    What type of property is this?
    Commercial real estate - 70-Acre Commercial Property w/Improvements
    Where is this commercial real estate located?
    The property is located at 1927/1929 Broadway Ave Ave Bloomfield, NM.
    What is the asking price?
    The asking price for this property is $995,000.
    (505) 325-2100
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    1927/1929 Broadway Ave Ave 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.

    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
    1927/1929 Broadway Ave Ave Bloomfield, NM 87413
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