Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1422 W 2nd Street Roswell, NM 88201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $83,000

    Commercial property suitable for redevelopment in a high-traffic location.

    Type:General Commercial
    Property size:
    5,249 SF
    Added:
    Dec 11, 2024
    Days on Market:
    496
    Last Refresh:
    Apr 1 at 9:22 pm

    Property Features for 1422 W 2nd Street

    General Information

    Standard status
    Active
    Size
    5,249 SF
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Chrisbel Cano

    Listing agent Chrisbel Cano

    Listing office Real Broker LLC

    Listing date Dec 11, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Broker LLC

    Overview

    Commercial Property in High-Traffic Area

    This commercial property is located on a high-traffic road in Roswell. The property is suitable for redevelopment, offering an opportunity to start fresh. The property has a size of 5249 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.503109
    Latitude
    33.394104

    Nearby Similar for Sale

    • $450,000
      4,166 SF

      Roswell Landmark Business Opportunity

      Turn-key flower shop with property, inventory, and vehicles included.
      405 W Alameda Street, , NM 88203
      View Details
    • $425,000

      Roswell Income-Producing Tiny Home Village

      Income-producing tiny home village with expansion potential in Roswell, NM.
      208 E Mathews Street, Roswell, NM 88203
      View Details
    • $250,000
      4,397 SF

      Roswell Retail Property with Bay

      Prime Roswell retail property featuring storefront, restrooms, and fenced lounge.
      314 N Richardson Avenue, Roswell, NM 88201
      View Details
    • $150,000
      4,534 SF

      Roswell Commercial Building For Sale

      Versatile commercial building in high-traffic area with owner financing.
      1501 W 2nd Street, Roswell, NM 88201
      View Details
    • $150,000

      Roswell Land Package For Sale

      29.84 acres of land available in Roswell, New Mexico.
      Wrangler Road, Roswell, NM 88201
      View Details
    • $48,000

      Residential Lots in Roswell, NM

      Three residential lots totaling 0.58 acres in Roswell, NM.
      1102 S Lea Avenue, Roswell, NM 88203
      View Details
    • $25,000

      Roswell Vacant Land Opportunity

      6 acres of vacant land in Buena Vida Subdivision.
      76 Mistico Lane, Roswell, NM 88201
      View Details
    • $22,000

      Residential Lot in Roswell

      Residential lot in established Roswell area, suitable for development.
      512 E 4th Street, Roswell, NM 88201
      View Details
    • $140,000

      Roswell Land for Sale

      Large lots available in Roswell, New Mexico.
      Balsam Avenue, Roswell, NM 88201
      View Details
    • $85,000

      Roswell Land Ready for Development

      3 acres in Roswell, NM, subdivided into 24 approved lots.
      Beech, Roswell, NM 88203
      View Details
    • $48,000

      Roswell Land with Mountain Views

      5.6 acres in Buena Vista near Roswell, mountain views.
      122 Tierra Grande, Roswell, NM 88203
      View Details
    • $75,000

      Roswell Land with High Traffic

      Two adjoining lots totaling 1.58 acres in Roswell, NM.
      1803 E Bland Avenue, Roswell, NM 88203
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property suitable for redevelopment in a high-traffic location.
    Where is this commercial land located?
    The property is located at 1422 W 2nd Street Roswell, NM.
    What is the asking price?
    The asking price for this property is $83,000.
    What are key features of this property?
    This property features: Prime commercial property location on a high‑traffic road; Suitable for redevelopment; Owner financing available
    (505) 557-4976
    We can help!
    Listing Contact
    Chrisbel Cano
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!