Former Financial Institution
970 Bosque Farms Blvd Bosque Farms, NM 87068
For Sale
$1,800,000
High-visibility former financial institution site with C-1 zoning and flexible redevelopment uses.
Property Size4,500 SF
Lot Size2.86 Acres
Price / SF$400
Days on Market473
Property Features for 970 Bosque Farms Blvd
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 2.86 Acres
Listing Agency:
Nino Trujillo & Company, Inc.
(505) 385-2817
Listed By:
Nicole L Golino · License #19389
(505) 385-2817
Source:
Exprealty
Added: Apr 7, 2025
Changed: Jul 22
Last Checked: Jul 22 at 9:06PM
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.
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.1k | $19.80 |
| − Vacancy | −$17.8k | −$3.96 |
| EGI | $71.3k | $15.84 |
| − OpEx | −$17.8k | −$3.96 |
| NOI | $53.5k | $11.88 |
4,500 SF · lease $19.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 2.97%
Second Best
Specialty Retail
$622.1K
$544.4K – $725.8K
NOI $43,548 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$930.5K
$814.2K – $1.09M
NOI $65,135 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wells Fargo ATM
Atm
FAQs
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 is the asking price?
The asking price for this property is $1,800,000.
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
