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Office Building with Three Offices

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

For Sale
$165,000

Commercial Sale, Portales, NM

Property Size1,316 SF
Lot Size0.31 Acres
Price / SF$125.38
Days on Market327

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

General Information

Property type Commercial Sale
Property subtype Other
Appliances Water Heater
Directions Directly across on Ave B from Fire Station or corner of Ave B & 3rd street. Located across street from Comfort Inn
Subdivision New Mexico Mls
Standard status Active
APN R007803, R001435, R001439
Size 1,316 SF
Lot size 0.31 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Description Call listing office for legals or check out documents for information. Parcel # for 3 properties. OFFICE R007803, House R001435, Lot R001439
Tax Annual Amount 1708
Legal Description Call listing office for legals or check out documents for information. Parcel # for 3 properties. OFFICE R007803, House R001435, Lot R001439

Building Details

Year built 1970
Flooring type Wood
Building materials Block - Cinder, Brick, Concrete, Crawlspace, Frame, Log, Masonry, Metal Frame, Siding, Slump Block, Fiberglass, Styrofoam, Clay Tile, Concrete Block, Mission Stone
Roof type Flat
Listing Agency: Buena Vista Realty
Listed By: Koletta D Hays · License NM #17229
Added: Dec 22, 2025 Changed: Nov 12 Last Checked: Nov 13 at 8:06PM
MLS# 20257124

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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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The 1,316-square-foot office building, constructed in 1970, has a lobby, three private offices, a vault with shelving, and two bathrooms. Its heating and cooling equipment has been updated, with the unit mounted on the roof and the gas line moved to the building’s exterior. A metal carport sits behind the building. The parcel includes two additional lots, as well as a stucco house and garage that have not been occupied in years.

The property is on a corner near downtown Portales, across from Portales Comfort Inn, the Portales Library, and the Portales Fire Department.

Key Highlights

  • 1,316‑square‑foot office building on a 0.31‑acre corner parcel
  • Lobby, three offices, vault with shelving, and two bathrooms
  • Updated heating and cooling unit is mounted on the roof; gas line runs along the exterior

Property Analytics

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

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.

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
View Realmo Analytics

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 - A 0.31-acre corner parcel also includes a house and garage that have been unoccupied for years.
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: 1,316‑square‑foot office building on a 0.31‑acre corner parcel; Lobby, three offices, vault with shelving, and two bathrooms; Updated heating and cooling unit is mounted on the roof; gas line runs along the exterior
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