Car Wash
1600 W BROADWAY Avenue, Bloomfield, NM 87413
For Sale
$4,550,000
Commercial Sale, Bloomfield, NM
Property Size14,203 SF
Lot Size4.86 Acres
Price / SF$320.35
Days on Market653
Property Features for 1600 W BROADWAY Avenue
General Information
Property type
Property subtype
Zoning description
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Floors in Building
Roof type
Listing Agency:
RE/MAX of Farmington · RE/MAX International
(505) 327-4777
Listed By:
Aspen Groen · License NM REC20230229
(505) 215-0455
Added: Jan 27, 2025
Changed: Oct 1
Last Checked: Nov 10 at 6:06PM
MLS# 25-113
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.
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Investment Insights
Based on property information with market context.
This five-parcel offering brings together a truck wash, a de-mudding wash, two car washes, a 108-unit mini storage facility, a manufactured home, and a large shop. The combined building area is 14,203 square feet on 4.86 acres. The property also includes evaporative cooling and metal roofing.
The parcels are located in Bloomfield, New Mexico, at 1600 W Broadway, 1945 W Broadway, 101 Ruth, 1019 W Broadway, and 912 N 1st. Each parcel is marketed separately, with the sale of each contingent on the others.
The parcels are located in Bloomfield, New Mexico, at 1600 W Broadway, 1945 W Broadway, 101 Ruth, 1019 W Broadway, and 912 N 1st. Each parcel is marketed separately, with the sale of each contingent on the others.
Key Highlights
- Four wash operations: one truck wash, one de‑mudding wash, and two car washes
- 108‑unit mini storage facility
- 14,203 square feet of building area across 4.86 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,322
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,440
$2.9M
Cap Rate 7%
$2,104,600
$2.1M
Cap Rate 9%
$1,636,911
$1.6M
Market Conditions
NOI Build-Up for 14,203 SF
Gross rent
$209.6K $14.76/SF
− Vacancy
−$13.2K −$0.93/SF
EGI
$196.4K $13.83/SF
− OpEx
−$49.1K −$3.46/SF
NOI
$147.3K $10.37/SF
Area
San Juan County, NM
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,440
Cap Rate 7%
$2,104,600
Cap Rate 9%
$1,636,911
Alternative Uses
Best Use
Specialty Retail
$2.10M
$1.84M – $2.46M
NOI $147,322 @ 7.0% cap · market cap 3.24%
Second Best
Retail
$2.01M
$1.76M – $2.34M
NOI $140,435 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,674 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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Business Placement
Demographics for 87413, NM
14,652
Population
5,764
Households
2.5
Avg Household Size
37
Median Age
14%
College-Educated
83%
High-School Grad
600.8 sq mi
ZIP Area
24
Density / Sq Mi
$51,234
Median Household Income
$34,783
Median Earnings
$898
Median Rent
$176,800
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Car wash - Five parcels combine wash operations, mini storage, a manufactured home, and a large shop.
Where is this car wash located?
The property is located at 1600 W BROADWAY Avenue Bloomfield, NM.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Four wash operations: one truck wash, one de‑mudding wash, and two car washes; 108‑unit mini storage facility; 14,203 square feet of building area across 4.86 acres
