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    1584 New Mexico 264 Gallup, NM

    For Sale
    $1,840,491

    Single tenant NNN Family Dollar in Gallup, New Mexico.

    Property size:
    9,200 SF
    Lot size:
    1.28 Acres

    Property Features for 1584 New Mexico 264

    General Information

    Size
    9,200 SF
    Lot size
    1.28 Acres

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

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

    Overview

    Freestanding Family Dollar in Gallup

    The property is a single-tenant, freestanding Family Dollar store located in Gallup, New Mexico. It features an absolute NNN lease structure, meaning there are zero landlord responsibilities. Over 1,100 people reside within a 1-mile radius of the site. The property is approximately 25.5 miles from Gallup Municipal Airport, a drive of about 31 minutes. Family Dollar was acquired by Dollar Tree, which corporately operates over 16,000 locations and has an investment-grade credit rating (S&P: BBB-). The property is 9,200 square feet. Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    Flower Basket

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.7425843
    Latitude
    35.5280783

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    FAQs

    What type of property is this?
    Storefront property - Single tenant NNN Family Dollar in Gallup, New Mexico.
    Where is this storefront property located?
    The property is located at 1584 New Mexico 264 Gallup, NM.
    What is the asking price?
    The asking price for this property is $1,840,491.
    What are key features of this property?
    This property features: - Absolute NNN Lease Structure with Zero Landlord Responsibilities; - Investment Grade Credit Rating (S&P: BBB-) of Parent Company (Dollar Tree); - Single Tenant Freestanding Family Dollar
    (248) 450-3259
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    1584 New Mexico 264 Gallup, 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
    1584 New Mexico 264 Gallup, NM
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