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    1654 7Th St Las Vegas, NM 87701

    For Sale
    $1,385,257

    Anchored strip center with high visibility in Las Vegas, NM.

    Property size:
    11,003 SF
    Lot size:
    0.55 Acres

    Property Features for 1654 7Th St

    General Information

    Size
    11,003 SF
    Lot size
    0.55 Acres

    Source: Colliers | Albuquerque Agent Chase Ruffin

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

    Overview

    Las Vegas Retail Strip Center

    Located on 7th St in Las Vegas, NM, this strip center is anchored by Anytime Fitness franchisee, Bandon Fitness, which has over 233 locations across the US. The co-tenants include locally owned businesses, a roofing company, and a wellness spa. The property benefits from visibility on 7th St and ample parking. Ideally located in a robust retail corridor with excellent access, this center is suitable for an investor seeking a retail investment at an attractive entry price. The property contains 11,003 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Air Conditioning Repair Service

    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
    -105.2230261
    Latitude
    35.608964

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    FAQs

    What type of property is this?
    Strip mall - Anchored strip center with high visibility in Las Vegas, NM.
    Where is this strip mall located?
    The property is located at 1654 7Th St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $1,385,257.
    What are key features of this property?
    This property features: - Anchored by a large Anytime Fitness franchisee (Bandon Fitness) with over 233 locations, providing a stable tenant base.; - Located on 7th St. in Las Vegas, NM, offering great visibility.; - Ideal location in a robust retail corridor.
    (505) 883-7676
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    1654 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
    1654 7Th St Las Vegas, NM 87701
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