Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1600 W BROADWAY Avenue Bloomfield, NM 87413

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Five parcels with multiple established businesses in Bloomfield, New Mexico.

    Type:Mixed Use, Land, Business for Sale
    Property size:
    14,203 SF
    Price / SF:
    $320/SF
    Added:
    Mar 21, 2024
    Days on Market:
    765
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1600 W BROADWAY Avenue

    General Information

    Standard status
    Active
    Size
    14,203 SF
    Property subtype
    Mixed Use, Land, Business for Sale

    We can help!

    Listing Contact
    Aspen Groen

    Listing agent Aspen Groen License #NM REC20230229

    Listing office Ben Lyons

    Listing date Mar 21, 2024

    Source Crexi

    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 Ben Lyons

    Overview

    Bloomfield Mixed-Use Business Opportunity

    This listing features five parcels located in Bloomfield, New Mexico, presenting a business opportunity in the Four Corners area. The properties include a truck wash, a de-mudding wash, two car washes, a 108-unit mini storage facility, a manufactured home, and a large shop. The properties are being sold together. Cap rates for each parcel range from 5.7% to 10.88%, with an overall cap rate of 6.18% for all five properties. The combined property size is 14,203 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck stops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.9985923
    Latitude
    36.7117676

    Nearby Similar for Sale

    • $450,000
      3,935 SF

      Bloomfield Commercial Office/Medical Space

      Nearly 4,000 sqft medical/professional office for sale.
      100 N CHURCH Street, Bloomfield, NM 87413
      View Details
    • $599,999

      Bloomfield Farm with Irrigation Rights

      45-acre farm with irrigation rights and multiple outbuildings.
      80 ROAD 4961, Bloomfield, NM 87413
      View Details
    • $339,900

      Rural Property with Agricultural Infrastructure

      Versatile property with living units and agricultural facilities on 8.22± acres.
      19 ROAD 4870, Bloomfield, NM 87413
      View Details
    • $450,000
      11,572 SF

      Bloomfield Commercial Opportunity: Five Parcels

      Multiple established businesses for sale in Bloomfield, New Mexico.
      101 RUTH Lane, Bloomfield, NM 87413
      View Details
    • $850,000
      7,542 SF

      Bloomfield Commercial Opportunity

      Five parcels with multiple established businesses in Bloomfield, NM.
      912 N 1ST Street, Bloomfield, NM 87413
      View Details
    • $420,000
      2,835 SF

      Bloomfield Commercial Opportunity

      Five parcels with multiple established businesses in Bloomfield, NM.
      1945 W BROADWAY Boulevard, Bloomfield, NM 87413
      View Details
    • $295,000
      2,200 SF

      Bloomfield Lube Shop For Sale

      Lube shop with four bays in Bloomfield, New Mexico.
      524 W BROADWAY Avenue, Bloomfield, NM 87413
      View Details
    • $4,550,000
      14,203 SF

      Bloomfield Commercial Opportunity: Five Parcels

      Multiple established businesses for sale in Bloomfield, New Mexico.
      1600 W BROADWAY Avenue, Bloomfield, NM 87413
      View Details
    • $230,000
      3,640 SF

      Bloomfield Commercial Opportunity

      Five parcels with established businesses in Bloomfield, New Mexico.
      1019 W BROADWAY Boulevard, Bloomfield, NM 87413
      View Details
    • $1,450,000

      Bloomfield Mobile Home Park Investment

      29-space mobile home park with strong cash flow potential.
      1310 SANCHEZ Lane, Bloomfield, NM 87413
      View Details
    • $1,600,000

      Bloomfield Mobile Home Park Investment

      35-space mobile home park with strong cash flow potential.
      1307 SANCHEZ Lane, Bloomfield, NM 87413
      View Details
    • $450,000

      Bloomfield Business Opportunity: Five Parcels

      Five parcels with multiple established businesses in Bloomfield, New Mexico.
      101 RUTH Lane, Bloomfield, NM 87413
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Five parcels with multiple established businesses in Bloomfield, New Mexico.
    Where is this mixed-use property 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: Rare opportunity to own multiple established businesses in the Four Corners area.; Portfolio of five parcels in Bloomfield, NM.; Overall cap rate of 6.18% for all five parcels.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aspen Groen
    Real Estate License ID: NM REC20230229
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!