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Industrial Warehouse with Loading Docks

201 E Spruce St, Portales, NM 88130

For Sale
$600,000
Pending

Commercial Sale, Portales, NM

Property Size17,750 SF
Lot Size8.93 Acres
Days on Market182

Property Features for 201 E Spruce St

General Information

Property type Commercial Sale
Property subtype Other
Interior features Overhead Door(s), Shipping Door(s)
Exterior features Rain Gutters
Appliances Water Heater
Directions Turn off of Highway 70, if coming from Clovis, past the light at Walmart onto NM highway 236 and proceed west 1 mile. Building is on the right. If in Portales, take north Boston or N Main to Spruce St. (Highway 236) turn left off of Boston or Right off of N. Main. and building is visible.
Subdivision New Mexico Mls
Standard status Pending
APN 400000000345300
Size 17,750 SF
Lot size 8.93 Acres

Additional Details

Property Use Warehouse

Taxes and HOA fees

Tax Description S:23 T:1S R:34E TRACT BEG 780'W OF SE COR. THENCE W600' N648' to POB. 8.926 ACRES MOL.
Tax Annual Amount 4557
Legal Description S:23 T:1S R:34E TRACT BEG 780'W OF SE COR. THENCE W600' N648' to POB. 8.926 ACRES MOL.

Utilities

Heating system Forced Air, Heat Pump (Heating)

Building Details

Year built 1996
Flooring type Floor-heavy duty
Roof type Metal
Listing Agency: Buena Vista Realty
Listed By: Eldon R Merrick · License NM REC-2022-0243
Added: May 16 Changed: Nov 12 Last Checked: Nov 13 at 8:06PM
MLS# 20262915

Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This warehouse property contains 17,750 square feet, including 15,250 square feet of warehouse area and approximately 2,500 square feet for offices and a breakroom. Within the warehouse, approximately 6,250 square feet has a metal-lined ceiling enclosure. The building dates to 1996 and features heavy-duty flooring and a metal roof.

Four loading docks with overhead doors serve the facility, with two additional roll-up doors at the rear. Three more roll-up doors inside provide access between warehouse sections. The property occupies 8.93 acres at 201 E Spruce St in Portales, New Mexico.

Key Highlights

  • 17,750‑square‑foot facility with 15,250 square feet of warehouse space
  • Approximately 2,500 square feet of office and breakroom area
  • Approximately 6,250 square feet with a metal‑lined ceiling enclosure

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Law Firm Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Dock-high doors
2
Drive-in doors

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby
Well-served
Demand for This Use

Demographics for 88130, NM

18,027
Population
7,985
Households
2.3
Avg Household Size
31
Median Age
22%
College-Educated
86%
High-School Grad
632.1 sq mi
ZIP Area
29
Density / Sq Mi
$52,420
Median Household Income
$29,958
Median Earnings
$865
Median Rent
$136,600
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

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Similar Off Market Nearby

  • Vally storage — 920 E Elbe St, Portales, NM 88130

Frequently Asked Questions

What type of property is this?
Warehouse - A separate office and breakroom component supports operations across a substantial warehouse facility.
Where is this warehouse located?
The property is located at 201 E Spruce St Portales, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 17,750‑square‑foot facility with 15,250 square feet of warehouse space; Approximately 2,500 square feet of office and breakroom area; Approximately 6,250 square feet with a metal‑lined ceiling enclosure
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