Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Las Vegas Retail Strip Center Title is generated by Realmo AI

    1654 7th St, Las Vegas, NM

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

    Anchored strip center with high visibility in Las Vegas, NM.

    Type:RETAIL
    Property size:
    11,003 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $125/SF
    Added:
    Jul 28, 2025
    Days on Market:
    295
    Last Refresh:
    Apr 5 at 9:37 pm

    Property Features for 1654 7th St

    General Information

    Standard status
    Active
    Size
    11,003 SF
    Lot size
    0.55 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chase Ruffin
    Chase Ruffin

    Listing agent Chase Ruffin License #52041

    Listing office Colliers | Albuquerque

    Listing date Jul 28, 2025

    Source Moodyscre

    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 Colliers | Albuquerque

    HighLights

    • Anchored by a large Anytime Fitness franchisee (Bandon Fitness) with over 233 locations, providing a stable tenant base.
    • Located on 7th St. in Las Vegas, NM, offering great visibility.
    • Ideal location in a robust retail corridor.
    • Ample parking available.
    • Includes co‑tenancy with locally owned businesses (roofing company and wellness spa).
    • Offers excellent access to a major arterial.

    Overview

    Located on 7th St in Las Vegas, NM, this strip center is anchored by Anytime Fitness franchisee, Bandon Fitness, which has over 233 locations across the US. The co-tenants include locally owned businesses, a roofing company, and a wellness spa. The property benefits from visibility on 7th St and ample parking. Ideally located in a robust retail corridor with excellent access, this center is suitable for an investor seeking a retail investment at an attractive entry price. The property contains 11,003 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.223
    Latitude
    35.609

    Nearby Similar for Sale

    • $625,000
      12,126 SF

      Historic Bank and Office Building

      Two-story commercial property in Las Vegas, NM's Main Street District.
      513,515,517 Sixth Street, Las Vegas, NM 87701
      View Details
    • $598,000
      2,246 SF

      Updated Investment Property Near Plaza

      Three-unit property near historic plaza, generating $5000 monthly rent.
      322 Moreno, Las Vegas, NM 87701
      View Details
    • $1,275,000
      15,000 SF

      Historic Plaza Mixed-Use Opportunity

      Historic mixed-use property with retail and residential space on Plaza.
      1801 Plaza, Las Vegas, NM 87701
      View Details
    • $1,275,000
      15,000 SF

      Historic Plaza Mixed-Use Opportunity

      Historic mixed-use property with retail and residential potential.
      1801 Plaza, Las Vegas, NM 87701
      View Details
    • $1,275,000
      15,000 SF

      Historic Plaza Mixed-Use Property

      Restored historic building with retail and residential spaces.
      1801 Plaza, Las Vegas, NM 87701
      View Details
    • $384,900
      3,515 SF

      Versatile Multifamily Property on Acreage

      Three homes on over an acre, potential income property.
      158 Independence Avenue, Las Vegas, NM 87701
      View Details
    • $153,900
      1,880 SF

      Income-Generating Duplex Near Highlands University

      Two-unit duplex near amenities and university, potential for updates.
      1412 8th Street, Las Vegas, NM 87701
      View Details
    • $153,900

      Income-Generating Duplex Near University

      Duplex with rental income potential near Highlands University.
      1412 8th Street, Las Vegas, NM 87701
      View Details
    • $1,275,000
      15,000 SF

      Historic Plaza Mixed-Use Opportunity

      Exceptional mixed-use property on the Historic Plaza in Las Vegas.
      1801 Plaza, Las Vegas, NM 87701
      View Details
    • $495,000
      2,500 SF

      Historic Bridge Street Mixed-Use Building

      Mixed-use property in historic district with residential and commercial space.
      158 Bridge Street, Las Vegas, NM 87701
      View Details
    • $999,999
      5,000 SF

      Las Vegas Commercial Property For Sale

      5000 sq ft commercial property in Las Vegas, New Mexico.
      2404 7th St, Las Vegas, NM
      View Details
    • $2,072,000
      7,400 SF

      Retail Property with Medical Anchor

      Recently renovated retail property with a strong, medical-anchored tenant.
      1606 7th St, Las Vegas, NM
      View Details

    FAQs

    What type of property is this?
    Strip mall - Anchored strip center with high visibility in Las Vegas, NM.
    Where is this strip mall located?
    The property is located at 1654 7th St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $1,385,257.
    What are key features of this property?
    This property features: Anchored by a large Anytime Fitness franchisee (Bandon Fitness) with over 233 locations, providing a stable tenant base.; Located on 7th St. in Las Vegas, NM, offering great visibility.; Ideal location in a robust retail corridor.
    (505) 883-7676 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chase Ruffin
    Chase Ruffin
    Real Estate License ID: 52041
    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

    Thank You for Inquiry
    1654 7th St, Las Vegas, NM
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!