Multi-Site Car Wash
1945 W BROADWAY Boulevard, Bloomfield, NM 87413
For Sale
$420,000
Commercial Sale, Bloomfield, NM
Property Size2,835 SF
Lot Size1.78 Acres
Price / SF$148.15
Days on Market653
Property Features for 1945 W BROADWAY Boulevard
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
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# 25-114
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-parcel commercial offering combines multiple automotive wash operations with a 108-unit mini-storage facility, a manufactured home, and a large shop. The wash component includes a truck wash, a de-mudding wash, and two additional car washes. The property record identifies 1.78 acres and 2,835 square feet, along with locations at 1600 W Broadway, 1945 W Broadway, 101 Ruth, 1019 W Broadway, and 912 N 1st in Bloomfield, New Mexico.
Each parcel is listed separately, but the transactions are contingent on the other parcels being included. The combined offering carries a 6.18% cap rate, while individual cap rates range from 5.7% to 10.88%.
Each parcel is listed separately, but the transactions are contingent on the other parcels being included. The combined offering carries a 6.18% cap rate, while individual cap rates range from 5.7% to 10.88%.
Key Highlights
- Four wash operations include a truck wash, de‑mudding wash, and two car washes
- 108‑unit mini‑storage facility included in the five‑parcel offering
- Additional improvements include a manufactured home and a large shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,406
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,120
$588.1K
Cap Rate 7%
$420,086
$420.1K
Cap Rate 9%
$326,733
$326.7K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$41.8K $14.76/SF
− Vacancy
−$2.6K −$0.93/SF
EGI
$39.2K $13.83/SF
− OpEx
−$9.8K −$3.46/SF
NOI
$29.4K $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%
$588,120
Cap Rate 7%
$420,086
Cap Rate 9%
$326,733
Alternative Uses
Best Use
Specialty Retail
$420.1K
$367.6K – $490.1K
NOI $29,406 @ 7.0% cap · market cap 7.00%
Second Best
Retail
$400.5K
$350.4K – $467.2K
NOI $28,032 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$586.5K
$513.2K – $684.2K
NOI $41,054 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Car wash - Five parcels combine wash facilities, storage units, a manufactured home, and a large shop in Bloomfield.
Where is this car wash located?
The property is located at 1945 W BROADWAY Boulevard Bloomfield, NM.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Four wash operations include a truck wash, de‑mudding wash, and two car washes; 108‑unit mini‑storage facility included in the five‑parcel offering; Additional improvements include a manufactured home and a large shop
