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Corner-Lot Office Building
For Sale
$165,000

301 S B & 213 W 3rd St., Portales, NM 88130

An updated heating and cooling system serves a three-office layout with a lobby, vault, and two bathrooms.

Property Size1,316 SF
Price / SF$125.38
Days on Market10

Property Features for 301 S B & 213 W 3rd St.

General Information

Standard status Active
Size 1,316 SF

Additional Details

Office Units 3
Property Use Office

Taxes and HOA fees

Annual Taxes $1,708

Amenities

Wood
No
Water Heater
0.31

Building Details

Building Size 1,316 SF
Year Built 1970
Listing Agency:
Listed By: K'Lee Cahenzli
Source: Enchantedlands
Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 2:43PM

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 K'Lee Cahenzli

Rey
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Investment Insights

Based on property information with market context.

The office building offers a lobby, three separate offices, a vault with shelving, and two bathrooms. Its heating and cooling unit has been updated, and the gas line now runs along the building’s exterior. A metal carport sits behind the building. The property also includes a stucco house and garage that have been vacant for years; future owners may restore or remove them.

The property occupies a corner near downtown Portales, across from Portales Comfort Inn, the Portales Library, and the Portales Fire Department. Two additional lots are included.

Key Highlights

  • Office layout includes a lobby, 3 offices, a shelving‑equipped vault, and 2 bathrooms
  • Updated heating and cooling unit; gas line relocated to the building exterior
  • Metal carport at the rear of the building

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Dental Office Law Firm Skin Care Clinic HVAC Service Catering Service Veterinary Clinic

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

3
Office units

Location Intelligence

Trade Area within ½ mile

718
Businesses Nearby

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
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - An updated heating and cooling system serves a three-office layout with a lobby, vault, and two bathrooms.
Where is this office building located?
The property is located at 301 S B & 213 W 3rd St. Portales, NM.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Office layout includes a lobby, 3 offices, a shelving‑equipped vault, and 2 bathrooms; Updated heating and cooling unit; gas line relocated to the building exterior; Metal carport at the rear of the building
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