Bloomfield Commercial Lube
For Sale
$295,000
524 W BROADWAY Avenue, Bloomfield, NM 87413
Commercial Sale, Bloomfield, NM
Property Size2,200 SF
Price / SF$134.09
Days on Market368
Property Features for 524 W BROADWAY Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Subdivision
SALMONS SCHOOL ADDITION
Directions
North side of US 64 in Bloomfield. Next to speedway gas station.
Standard status
Active
Size
2,200 SF
Taxes and HOA fees
Tax Description
SALMONS SCHOOL ADDITION SUBDIVISION LOT 8 BLOCK 4 LESS EAST 16.1 FT BK.1653 PG.608 ESC BK.1666 PG.587
Legal Description
SALMONS SCHOOL ADDITION SUBDIVISION LOT 8 BLOCK 4 LESS EAST 16.1 FT BK.1653 PG.608 ESC BK.1666 PG.587
Utilities
Cooling system
Evaporative Cooling
Building Details
Floors in Building
1
Listing Agency:
Real Estate PROS
(505) 588-7767
Listed By:
Brandon Ryan · License #50702
(505) 588-7767
Added: Aug 20, 2025
Changed: Aug 19
Last Checked: Aug 22 at 11:06AM
MLS# 25-1083
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Bloomfield, New Mexico, presents a business opportunity as a lube shop. The property features four bays, including two main pits, tanks, a vehicle lift, an oil furnace, and a small office. The property size is 2,200 square feet. This is a real estate only sale.
Key Highlights
- Only lube shop in Bloomfield: Captures a unique market position.
- Four bays with two main pits: Highlights operational capacity.
- Real Estate only sale: Indicates ownership of the land and building.
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
$21,753
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
7.37%
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%
$435,060
$435.1K
Cap Rate 7%
$310,757
$310.8K
Cap Rate 9%
$241,700
$241.7K
Market Conditions
NOI Build-Up for 2,200 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
$32.5K $14.76/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$31.1K $14.13/SF
− OpEx
−$9.3K −$4.24/SF
NOI
$21.8K $9.89/SF
Area
San Juan County, NM
Vacancy
4.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
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%
$435,060
Cap Rate 7%
$310,757
Cap Rate 9%
$241,700
Alternative Uses
Best Use
Retail
$310.8K
$271.9K – $362.6K
NOI $21,753 @ 7.0% cap · market cap 7.37%
Second Best
Industrial
$192.9K
$168.8K – $225.1K
NOI $13,504 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$455.1K
$398.2K – $531.0K
NOI $31,858 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,434 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kachina Tire Shop — 813 W Broadway Ave, Bloomfield, NM 87413
- HAMMER FLEET MAINTENANCE AND REPAIR — 213 S 3rd St, Bloomfield, NM 87413
- Bloomfield Super Lube — 524 W Broadway Ave, Bloomfield, NM 87413
- Mr Gs auto repair llc — 913 W Broadway Ave, Bloomfield, NM 87413
- Classy Chassis — 800 Cll Del Rio, Bloomfield, NM 87413
Frequently Asked Questions
What type of property is this?
Auto shop - Lube shop with four bays in Bloomfield, New Mexico.
Where is this auto shop located?
The property is located at 524 W BROADWAY Avenue Bloomfield, NM.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Only lube shop in Bloomfield: Captures a unique market position.; Four bays with two main pits: Highlights operational capacity.; Real Estate only sale: Indicates ownership of the land and building.
