Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    500 Llano Estacado Blvd Clovis, NM

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Located on the busiest intersection in Clovis, New Mexico.

    Type:LAND
    Lot size:
    4.66 Acres
    Added:
    Mar 26, 2025
    Days on Market:
    409
    Last Refresh:
    Apr 5 at 10:22 pm

    Property Features for 500 Llano Estacado Blvd

    General Information

    Standard status
    Active
    Lot size
    4.66 Acres
    Property subtype
    LAND

    Properties For Sale

    at 500 Llano Estacado Blvd Contact us

    We can help!

    Listing Contact
    Lia Armstrong CCIM
    Lia Armstrong CCIM

    Listing agent Lia Armstrong CCIM License #54887

    Listing office King Capital Commercial Real Estate

    Listing date Mar 26, 2025

    Source Moodyscre

    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 King Capital Commercial Real Estate

    HighLights

    • Outparcel to Walmart Supercenter with 2.6M annual visitors, ranked in the top 25% nationwide.
    • Located on the NWQ of Prince & Llano Estacado, the busiest intersection in Clovis, NM.
    • Located adjacent to the newly developed Texas Roadhouse.
    • Dense Trade Area - Clovis services surrounding communities.
    • Presence of Cannon Air Force Base adds economic stability.
    • Additional Property Details provided.

    Overview

    Outparcel to Walmart Supercenter

    This commercial land is an outparcel to a Walmart Supercenter. According to Placer.ai, the Walmart Supercenter sees 2.6 million annual visitors and is ranked in the top 25% nationwide. The property is located adjacent to the newly developed Texas Roadhouse, on the northwest quadrant of Prince and Llano Estacado, which is the busiest intersection in Clovis, New Mexico. Clovis services its surrounding communities of Portales, Tucumcari, Farewell, and Muleshoe, creating a dense trade area. The presence of Cannon Air Force Base contributes to the area's economic stability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maintenance Department, Clovis ... Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.201
    Latitude
    34.4346

    Nearby Similar for Sale

    • $349,900
      5,222 SF

      Unique Furnished Multifamily Property

      Furnished multifamily property near Main Street, suitable for various ventures.
      520 N Mitchell Street, Clovis, NM 88101
      View Details
    • $524,900
      4,950 SF

      Stabilized 6-Plex Investment Opportunity

      Fully renovated 6-unit multifamily property with strong rents in Clovis.
      1000 Ash Street, Clovis, NM 88101
      View Details
    • $120,000
      1,312 SF

      High-Traffic Commercial Opportunity in Clovis

      Commercial property with high visibility and expansion potential in Clovis.
      901 E 1st Street, Clovis, NM 88101
      View Details
    • $990,000
      14,000 SF

      Trucking Facility with Wash Bay

      Trucking facility with trailer wash bay and truck parking.
      600 S Edwards Streets, Clovis, NM 88101
      View Details
    • $209,900
      1,997 SF

      Well-Maintained Triplex on Corner Lot

      Triplex near shopping and restaurants, excellent investment opportunity.
      320 Ross Street, Clovis, NM 88101
      View Details
    • $600,000

      40.7 Acres in Clovis, NM

      Strategically located land bordering Clovis city limits with development potential.
      4040 N Prince Street, Clovis, NM 88101
      View Details
    • $30,000

      Clovis Land For Sale

      0.16 acre lot zoned for residential or multi-family use.
      601 Gidding Street, Clovis, NM 88101
      View Details
    • $350,000

      New Duplex in Clovis, NM

      New 2-bed, 2-bath duplex with investment potential in Clovis.
      3521 Ethan Avenue, Clovis, NM 88101
      View Details
    • $350,000

      New Clovis Duplex For Sale

      New 2-bed, 2-bath duplex with investment potential in Clovis.
      3517 Ethan Avenue, Clovis, NM 88101
      View Details
    • $430,000

      Clovis Development Land For Sale

      5.05 acres of commercial development land in Clovis, NM.
      3000 N Norris Street, Clovis, NM 88101
      View Details
    • $400,000

      Commercial Lot in Clovis, NM

      0.51 acre commercial lot with utilities available in Clovis.
      1612 N Prince Street, Clovis, NM 88101
      View Details
    • $335,000
      1,950 SF

      New Construction Duplex in Clovis

      New duplex in Clovis, NM, estimated completion June 2026.
      1325 Mission Drive, Clovis, NM 88101
      View Details

    FAQs

    What type of property is this?
    Commercial land - Located on the busiest intersection in Clovis, New Mexico.
    Where is this commercial land located?
    The property is located at 500 Llano Estacado Blvd Clovis, NM.
    What are key features of this property?
    This property features: Outparcel to Walmart Supercenter with **2.6M annual visitors**, ranked in the top 25% nationwide.; Located on the NWQ of Prince & Llano Estacado, the **busiest intersection in Clovis, NM.**; Located adjacent to the newly developed Texas Roadhouse.
    (505) 292-9607 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lia Armstrong CCIM
    Lia Armstrong CCIM
    Real Estate License ID: 54887
    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

    Thank You for Inquiry
    500 Llano Estacado Blvd, Clovis, NM
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!