Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    301 W College Avenue Silver City, NM 88061

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    COMMERCIAL - Silver City, NM

    Property size:
    15,515 SF
    Lot size:
    0.91 Acres
    Price / SF:
    $77/SF
    Added:
    Feb 19, 2026
    Days on Market:
    75
    Last Refresh:
    May 5 at 8:06 pm

    Property Features for 301 W College Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street, Parking Lot
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    R096988
    Size
    15,515 SF
    Lot size
    0.91 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Fraser Block 177 Lots 1-16 .918 Ac
    Tax Annual Amount
    8965

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Building materials
    Block, Frame, Concrete, Stucco
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Rebecca Smith

    Listing agent Rebecca Smith License #6755

    Listing office Smith Real Estate & Prop. Mgmt. PO Box 1290, Silver City, NM 88062-1290 505 W. College Ave, Silver City, NM

    Listing date Feb 19, 2026

    MLS# 38000

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

    Overview

    Historic Commercial Complex in Silver City

    This one-of-a-kind commercial complex, originally built as apartments in the 1920s, offers a blend of historic charm and modern amenities. Situated on nearly one acre on the edge of downtown Silver City, New Mexico, it is located three blocks from Western New Mexico University (WNMU). The property features 18 units of varying sizes, currently used primarily as medical and professional offices, with two apartments also on site. The complex includes fiber-optic internet and telephone services. A beautifully landscaped, enclosed inner courtyard provides a tranquil oasis off College Avenue. The property also has a paved parking lot in the rear with courtyard access. The complex is professionally managed and experiences steady income with low turnover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    QUANTUM VIEW THERAPY Psychotherapist National Sinus Institute Medical Clinic Mental Health Services Crisis Center Counseling Group-Southwest Nm Family Counselor Counseling Group-Southwest Nm: ... Family Counselor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Advanced Veterinary Care — 212 US-180, Silver City, NM 88061

    Location Insight

    • Map
    • Local Demand
    City
    Silver City
    County
    Grant
    State
    New Mexico
    Longitude
    -108.277729
    Latitude
    32.774305

    Nearby Similar for Sale

    • $975,000
      3,900 SF

      Medical Office Building For Sale

      Medical office building in Silver City with existing improvements.
      1380 E Highway 180, Silver City, NM 88061
      View Details
    • $410,000
      1,800 SF

      Turn-Key Auto Body Shop

      Fully equipped auto body shop ready for immediate operation.
      47 Ridge Road, Silver City, NM 88061
      View Details
    • $399,000
      1,800 SF

      Historic Downtown Turnkey Commercial Property

      Turnkey commercial property in historic downtown Silver City, New Mexico.
      304 N Bullard Street, Silver City, NM 88061
      View Details
    • $450,000
      3,315 SF

      Silver City Commercial Opportunity

      Commercial building in the heart of Silver City, New Mexico.
      503 N Hudson Street, Silver City, NM 88061
      View Details
    • $365,000
      7,100 SF

      Historic Downtown Silver City Showroom

      Unique 7,000+ SF historic property in Silver City's downtown.
      107 N BULLARD ST, Silver City, NM 88061
      View Details
    • $989,000

      Historic Silver City Residence

      Restored 1883 residence in Silver City's Historic District.
      411 West Broadway Street, Silver City, NM 88061
      View Details
    • $265,000
      3,469 SF

      Versatile Commercial Building in Silver City

      Spacious commercial building with potential for residential conversion.
      2540 N Silver Street, Silver City, NM 88061
      View Details
    • $350,000
      1,928 SF

      Downtown Silver City Office Building

      Commercial office building in downtown Silver City with parking.
      607 N Hudson Street, Silver City, NM 88061
      View Details
    • $275,000
      5,492 SF

      Commercial Building with Storage Units

      Commercial building with offices and storage units in Silver City.
      1609 Gold St., Silver City, NM 88061
      View Details
    • $550,000
      4,394 SF

      Silver City Commercial Investment Property

      Leased commercial building in Silver City, New Mexico.
      1620 Pine, Silver City, NM 88061
      View Details
    • $269,000
      2,044 SF

      Well-Maintained Duplex on Large Lot

      Duplex with expansion potential in Silver City, New Mexico.
      4460/4470 Little Walnut Road, Silver City, NM 88061
      View Details
    • $1,790,000
      33,524 SF

      THE DRIFTER MOTEL

      66-unit motel with vacant diner in Silver City, New Mexico.
      711 Silver Heights Blvd, Silver City, NM 88061
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Unique commercial complex near downtown and WNMU, Silver City, NM
    Where is this medical office space located?
    The property is located at 301 W College Avenue Silver City, NM.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: One‑of‑a‑kind historic commercial complex on nearly one acre near downtown and WNMU.; 18 units with a mix of medical, professional offices, and apartments, providing steady income and low turnover.; Professionally managed with fiber‑optic internet and telephone.
    (575) 538-1107
    We can help!
    Listing Contact
    Rebecca Smith
    Real Estate License ID: 6755
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    301 W College Avenue, Silver City, NM 88061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!