Bloomfield Business Opportunity For
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1945 W BROADWAY Boulevard, Bloomfield, NM 87413
Five parcels with multiple established businesses in Bloomfield, New Mexico.
Property Size2,835 SF
Price / SF$148.15
Days on Market874
Property Features for 1945 W BROADWAY Boulevard
General Information
Standard status
Active
Size
2,835 SF
Property subtype
Land
Listing Agency:
Ben Lyons
(505) 215-0455
Listed By:
Aspen Groen · License #NM REC20230229
Source:
Crexi
Added: Mar 21, 2024
Changed: Aug 8
Last Checked: Aug 10 at 9:21AM
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
Investment Insights
Based on property information with market context.
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 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 property at 1945 W Broadway Boulevard has a size of 2835 square feet. Each parcel is listed separately but are sold contingent upon the others.
Key Highlights
- Rare opportunity to own multiple established businesses in the Four Corners area.
- Includes a Truck Wash, De‑Mudding Wash, Two Car Washes, 108‑unit mini storage, manufactured home, and large shop.
- Portfolio of five parcels in Bloomfield, NM.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,406
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck stop - Five parcels with multiple established businesses in Bloomfield, New Mexico.
Where is this truck stop 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: Rare opportunity to own multiple established businesses in the Four Corners area.; Includes a Truck Wash, De‑Mudding Wash, Two Car Washes, 108‑unit mini storage, manufactured home, and large shop.; Portfolio of five parcels in Bloomfield, NM.
