Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Llano Estacado Blvd Clovis, NM 88101

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Located on the busiest intersection in Clovis, New Mexico.

    Lot size:
    4.66 Acres

    Property Features for 500 Llano Estacado Blvd

    General Information

    Lot size
    4.66 Acres

    We can help!

    Listing Contact
    Lia Armstrong
    Lia Armstrong
    Source: Moodyscre

    Listing Agent: Lia Armstrong

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

    Learn more

    Property Insight Report

    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
    -103.2006821
    Latitude
    34.43463

    Nearby Similar for Sale

    • $290,000
      Pending

      Clovis Multifamily Investment Opportunity

      Multifamily property in Clovis, NM, featuring two units with garages.
      1320 Ash St, Clovis, NM 88101
      View Details
    • $185,000
      3,193 SF

      Clovis Multifamily Investment Opportunity

      Four-unit multifamily property in Clovis, NM, with income potential.
      515 E 7Th St, Clovis, NM 88101
      View Details
    • $290,000
      2,808 SF

      Clovis Multifamily Investment Property

      Multifamily property in Clovis, NM, featuring two units.
      1316 Ash St, Clovis, NM 88101
      View Details
    • $365,000
      2,124 SF

      New Duplex Under Construction

      New duplex in Clovis, NM, offering income potential.
      120 Chisum Dr, Clovis, NM 88101
      View Details
    • New
      $109,900
      1,978 SF

      Clovis Multifamily Investment Opportunity

      Two homes on one lot, ideal for investors or owner-occupiers.
      1016 Rencher St, Clovis, NM 88101
      View Details
    • $322,000
      Pending

      Clovis Duplex: Investment Opportunity

      Two-unit property in Clovis, NM, ideal for investors or owner-occupiers.
      2621 Aldrich Rd, Clovis, NM 88101
      View Details
    • $990,000
      14,000 SF

      Trucking Facility with Wash Bay

      Trucking facility with trailer wash bay and truck parking available.
      600 S Edwards St, Clovis, NM 88101
      View Details
    • $220,000
      Pending

      Clovis Duplex with Garage

      Well-maintained 2-bedroom, 2-bath duplex with garage in quiet neighborhood.
      3212 Wallace St, Clovis, NM 88101
      View Details
    • New
      $322,000
      Pending

      New Duplex in Clovis, NM

      New 2-bed, 2-bath duplex, great for investors or owner-occupants.
      2625 Aldrich Rd, Clovis, NM 88101
      View Details
    • Contact for pricing
      21,000 SF

      Retail Space in Wal-Mart Outparcel

      Retail space available in a busy Clovis shopping center.
      4024 N Prince St, Clovis, NM 88101
      View Details
    • $2,500,000
      7,831 SF

      New Retail Building For Sale

      7,831 SF retail building built in 2023 on 2.06 acres.
      512 E Llano Estacado Blvd, Clovis, NM 88101
      View Details
    • $2,700,000
      23,500 SF

      Freestanding Office Building For Sale

      Freestanding office building in a booming market, adjacent to mall.
      900 E Manana Blvd, 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
    Request Owner's contact information
    500 Llano Estacado Blvd Clovis, NM 88101
    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.
    500 Llano Estacado Blvd
    Clovis, NM 88101
    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
    500 Llano Estacado Blvd Clovis, NM 88101
    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

    We can help!
    Listing Contact
    Lia Armstrong
    Lia Armstrong
    (505) 292-9607
    Learn more
    Google sign-in failed. Please try again or use another login method.