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    516 Old Us Hwy, Unit 85 Socorro, NM

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    For Lease
    $9 SF/Yr ($7,125 /Mo)

    Freestanding 9,000 SF retail building with frontage.

    Property size:
    9,000 SF
    Lot size:
    1.04 Acres

    Property Features for 516 Old Us Hwy

    General Information

    Size
    9,000 SF
    Lot size
    1.04 Acres

    Source: SVN/Walt Arnold Commercial Brokerage Inc Agent Steve Lyon

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

    Overview

    Retail Building in Socorro, NM

    This is a prominent freestanding retail building situated along a key north/south thoroughfare in Socorro, New Mexico. The building offers 9,000 square feet of space and includes a pylon sign. It features approximately 100 feet of frontage.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Socorro
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.8914159
    Latitude
    34.0583995

    Nearby Similar for Lease

    • $4 SF/Yr
      13,100 SF

      Retail Showroom in Socorro

      Prime retail showroom space with high visibility and ample parking.
      1019-A N California St, Socorro, NM 87801
      View Details
    • $11,667 /Mo
      7,000 SF

      Retail Building on N. California

      7,000 SF retail building for lease in Socorro, NM.
      1015 N California St, Socorro, NM 87801
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding 9,000 SF retail building with frontage.
    Where is this retail space located?
    The property is located at 516 Old Us Hwy, Unit 85 Socorro, NM.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Prominent free standing retail building.; - Located along key north/south thoroughfare in Socorro, NM.; - 9,000sf of space.
    (505) 934-9994
    Request Owner's contact information
    516 Old Us Hwy, Unit 85 Socorro, NM
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    Socorro, NM
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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
    516 Old Us Hwy, Unit 85 Socorro, NM
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