Building Details

Year Built 1908

Spaces For Lease

at 15890 B St

15890 B St $2,500/Mo

Size 1,698 SF

Type RETAIL

Lease Type MODIFIED_GROSS

Availability AVAILABLE

This is a truly unique and one of a kind property originally built as a schoolhouse in 1908 that has been extensively remodeled. The quality of the remodel is second to none and very evident as to the quality of the workmanship and detail. The property consists of a 1600+ SQFT commercial section and also offers a 600 SQFT apartment unit that is in outstanding condition with a sound wrap around patio. A commercial business can take advantage of direct highway visibility that offers 10,000+ daily traffic visibility. The property zoning is extensive and flexible and offers the ability to operate concepts that include but are not limited to: Unique Gallery Concepts, Unique Retail, Unique Office, Day Care Operations, Educational Concepts, Religious Facilities, Community Buildings, Cultural Centers, Personal Services, and Unique Open Markets. The facility also has the potential to operate a unique tasing room or eatery. The immediate area from local business and revenue perspective is dominated by construction service companies that service White Sands, NASA, and numerous other federal installations. Households within the immediate area primarily consist of married or widowed older adults. Many residents are approaching retirement or are retired, having had careers in skilled trades such as agriculture, manufacturing, mining, construction, and utilities. This is truly an opportunity to offer a unique commercial service to the local area within an exceptional unique facility. Give us a call to discuss.

Contact us

Listing Agency: Steinborn/TCN Commercial Real Estate Show Phone

Listed By: Kary Bulsterbaum · License #43302 Show Phone

Source: Moodyscre

Added: Jul 27 Changed: Oct 25 Last Checked: Oct 28 at 12:26PM

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Investment Insights

Based on property information with market context.

This remodeled retail space began as a schoolhouse built in 1908 and has been extensively remodeled. The property includes a 1600+ SF commercial section plus a 600 SF apartment unit in outstanding condition, featuring a sound wraparound patio.

The facility benefits from direct highway visibility with 10,000+ daily traffic visibility. Zoning is described as extensive and flexible, supporting a range of concept types including retail, office, day care, educational and cultural uses, religious facilities, community buildings, personal services, and open markets.

The property can also accommodate ideas described as a unique tasting room or eatery. The immediate area is characterized by construction service companies that service White Sands, NASA, and other federal installations.

Key Highlights

• Built in 1908 as a schoolhouse and extensively remodeled
• 1600+ SF commercial section for retail and other compatible uses
• 600 SF apartment unit in outstanding condition with wraparound patio

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Bed & Breakfast Hotel & Motel Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

NNN (Triple Net)

Lease Type

$2.65 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 88052, NM

291

Population

118

Households

2.5

Avg Household Size

51

Median Age

41%

College-Educated

84%

High-School Grad

6.1 sq mi

ZIP Area

48

Density / Sq Mi

$240,903

Median Household Income

$134,038

Median Earnings

$121,500

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Remodeled retail space with direct highway visibility and an on-site apartment unit with a wraparound patio.

Where is this retail space located?

The property is located at 15890 B St Organ, NM.

What is the lease rate?

The lease rate is $2,500/Mo.

What are key features of this property?

This property features: Built in 1908 as a schoolhouse and extensively remodeled; 1600+ SF commercial section for retail and other compatible uses; 600 SF apartment unit in outstanding condition with wraparound patio