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    1606 7Th St Las Vegas, NM 87701

    For Sale
    $2,072,000

    Recently renovated retail property with a strong, medical-anchored tenant.

    Property size:
    7,400 SF
    Lot size:
    0.71 Acres

    Property Features for 1606 7Th St

    General Information

    Size
    7,400 SF
    Lot size
    0.71 Acres

    Source: Absolute Investment Realty Agent Rita Cordova

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

    Overview

    Retail Property with Medical Anchor

    This is a multi-tenant building with a master guarantor, anchored by a strong tenant with multiple locations throughout the Southwest. The property was recently renovated in 2020 and offers excellent visibility. The offering is structured as a 10-year absolute NNN sale-leaseback, with zero landlord responsibilities. The property has a size of 7,400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Las Vegas Smoke Smoke Shop Aura Salon Barber Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2228321
    Latitude
    35.6069934

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    FAQs

    What type of property is this?
    Shopping center - Recently renovated retail property with a strong, medical-anchored tenant.
    Where is this shopping center located?
    The property is located at 1606 7Th St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $2,072,000.
    What are key features of this property?
    This property features: - 10 year absolute NNN sale - leaseback, offering zero landlord responsibilities.; - Medical anchored, providing stability and consistent traffic.; - Multi-tenant building with master guarantor.
    (505) 489-8538
    Request Owner's contact information
    1606 7Th St Las Vegas, NM 87701
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    Las Vegas, NM 87701
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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
    1606 7Th St Las Vegas, NM 87701
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