Bloomfield Commercial Property For
1504 W BROADWAY Avenue Bloomfield, NM 87413
1504 W BROADWAY Avenue, Bloomfield, NM, 87413
$485,000
For Sale
$485,000
COMMERCIAL - Bloomfield, NM
Property Size4,000 SF
Price / SF$121.25
Days on Market637
Property Features for 1504 W BROADWAY Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security Lighting
- Standard status
- Active
- Size
- 4,000 SF
Taxes and HOA fees
- Tax Description
- As recorded in Book 1517 Page 857
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
Listing Agency
Dimmick Realty
(505) 325-8863
3555 E Main Ste A, NM
Listed by
David Harris · License #12831
(505) 325-8863
Added: Oct 23, 2024 Updated: May 13 at 11:09 am Checked: Jul 21 at 4:06 am
MLS# 24-1311
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, formerly a Front Row Seat, is located in Bloomfield, New Mexico. The property has an open floor plan, offering many possibilities for use. It features good visibility. The property size is 4000 square feet. The zoning is General Commercial.
Key Highlights
- Open floor plan offering many possibilities.
- Great visibility.
- Central air conditioning.
Local Financial Insights For Retail
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 | $59.0k | $14.76 |
| − Vacancy | −$2.5k | −$0.63 |
| EGI | $56.5k | $14.13 |
| − OpEx | −$17.0k | −$4.24 |
| NOI | $39.6k | $9.89 |
4,000 SF · lease $14.76/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$565.0K
$494.4K – $659.2K
NOI $39,551 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.5K
$724.1K – $965.4K
NOI $57,924 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
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FAQs
What type of property is this?
Retail property - Commercial property with open floor plan and great visibility.
Where is this retail property located?
The property is located at 1504 W BROADWAY Avenue Bloomfield, NM.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Open floor plan offering many possibilities.; Great visibility.; Central air conditioning.
