Former Financial Institution
For Sale
Contact for pricing
970 Bosque Farms Blvd, Bosque Farms, NM 87068
High-visibility former financial institution site with C-1 zoning and flexible redevelopment uses.
Property Size4,500 SF
Lot Size2.86 Acres
Price / SF$0.01
Days on Market592
Property Features for 970 Bosque Farms Blvd
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
73
Lot size
2.86 Acres
Property subtype
Office
Zoning
C-1 Neighborhood Commercial Zone
Lease Type
Modified Gross
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Amenities
Power
Water
Sewer
Natural Gas
Drive-Thru
73 Parking Spaces
Listing Agency:
Nino Trujillo & Company, Inc.
Listed By:
Nicole Golino · License #19389
(505) 861-5669
Source:
Carnm.resimplifi
Added: Mar 11, 2025
Changed: Oct 3
Last Checked: Oct 20 at 5:15PM
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 Nino Trujillo & Company, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a former financial institution, offered for sale as a complete commercial site. The improvements include approximately 4,500 square feet within a 2.86-acre parcel. The property is zoned C-1, providing flexibility for a range of business uses, including office, restaurant, and brewery, subject to applicable requirements.
Located off Hwy 47 in Bosque Farms, NM, the site is described as having high visibility, supported by a stated traffic count of 30,000 cars per day.
Located off Hwy 47 in Bosque Farms, NM, the site is described as having high visibility, supported by a stated traffic count of 30,000 cars per day.
Key Highlights
- High‑visibility property located off Hwy 47 in Bosque Farms with a traffic count of 30k cars per day
- Former financial institution site
- Approximately 4,500 SF building on 2.86 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,462
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,240
$769.2K
Cap Rate 7%
$549,457
$549.5K
Cap Rate 9%
$427,356
$427.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$59.4K $13.20/SF
− Vacancy
−$4.5K −$0.99/SF
EGI
$54.9K $12.21/SF
− OpEx
−$16.5K −$3.66/SF
NOI
$38.5K $8.55/SF
Area
Valencia County, NM
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,240
Cap Rate 7%
$549,457
Cap Rate 9%
$427,356
Alternative Uses
Best Use
Specialty Retail
$622.1K
$544.4K – $725.8K
NOI $43,548 @ 7.0% cap · market cap 174,192.00%
Second Best
Retail
$549.5K
$480.8K – $641.0K
NOI $38,462 @ 7.0% cap · market cap 153,848.00%
Theoretical Best
Office A
$930.5K
$814.2K – $1.09M
NOI $65,135 @ 7.0% cap · market cap 260,540.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 33%
Home Improvements & Furnishings 20%
McDonald's
Dining
21,111 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
17,488 visits/mo
0.1 miles
Speedway
Shops & Services
15,241 visits/mo
0.3 miles
SONIC Drive In
Dining
11,691 visits/mo
0.4 miles
Dollar General
Shops & Services
11,113 visits/mo
0.4 miles
Demographics for 87068, NM
4,938
Population
2,252
Households
2.2
Avg Household Size
46
Median Age
24%
College-Educated
94%
High-School Grad
37.2 sq mi
ZIP Area
133
Density / Sq Mi
$63,287
Median Household Income
$37,753
Median Earnings
$865
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bank - High-visibility former financial institution site with C-1 zoning and flexible redevelopment uses.
Where is this bank located?
The property is located at 970 Bosque Farms Blvd Bosque Farms, NM.
What are key features of this property?
This property features: High‑visibility property located off Hwy 47 in Bosque Farms with a traffic count of 30k cars per day; Former financial institution site; Approximately 4,500 SF building on 2.86 acres
