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

    609 Florida Street Deming, NM 88030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for sale near shopping, banking, and medical services.

    Type:Land
    Added:
    Aug 20, 2021
    Days on Market:
    1723
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 609 Florida Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Rick Stoes

    Listing agent Rick Stoes License #NM 20755

    Listing office Colliers - El Paso, Texas

    Listing date Aug 20, 2021

    Source Crexi

    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 Colliers - El Paso, Texas

    HighLights

    • Located on two major arterials for easy access.
    • Near shopping for convenient errands.
    • Near banking for financial needs.
    • Near medical services for peace of mind.
    • Relatively flat topography.
    • Owner willing to finance.

    Overview

    Land Near Shopping and Banking

    This commercial land is located on two major arterial roads, offering convenient access to shopping, banking, and medical services. The topography of the property is relatively flat. The owner is open to financing options and build-to-suit arrangements.
    Location Intelligence

    Current Use by Public Records

    Sew-N-Sew (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Deming
    County
    Luna
    State
    New Mexico
    Longitude
    -107.7505905
    Latitude
    32.2544476

    Nearby Similar for Sale

    • $1,500,000
      6,500 SF

      Deming Medical Clinic For Sale

      6,500 SF medical clinic and urgent care center.
      1511 Lime Street, Deming, NM 88030
      View Details
    • $895,000

      Deming Warehouse Opportunity For Sale

      Two-building warehouse totaling 124,800 SF on 12.24 acres.
      2700 SE Atlantic Way, Deming, NM 88030
      View Details
    • $2,500

      Land with Mountain Views

      Two-acre land parcel with unobstructed mountain views near Deming.
      Camino De Felicidad SE, Deming, NM 88030
      View Details
    • $45,000

      Land with Mountain Views

      10 acres near Deming, NM with well and septic.
      Chato Dr NW, Deming, NM 88030
      View Details
    • $46,000

      10 Acres Near Deming, NM

      10-acre parcel near Deming with well, septic, and electric.
      3150 Franklin Rd SE, Deming, NM 88030
      View Details
    • $39,900

      5-Acre Land Parcel in Deming

      5-acre property with adobe structure near Florida Mountains.
      4425 Codorniz Rd SE, Deming, NM 88030
      View Details
    • $45,000

      Land with Utilities Near Deming

      2.51 acres with well, septic, and electric near Deming.
      1800 NE Cibecue Road, Deming, NM 88030-3717
      View Details
    • $224,648

      Deming, NM Commercial Building

      Commercial building in Deming, NM, suitable for various uses.
      900 W BIRCH ST, Deming, NM 88030
      View Details
    • $3,000

      Land with Mountain Views

      2.5-acre land parcel in Deming, NM with mountain views.
      Ponderosa Rd SE, Deming, NM 88030
      View Details
    • $1,950

      Deming, NM - 1 Acre Land

      One acre of raw land near Florida Mountains.
      Acoma Rd SW, Deming, NM 88030
      View Details
    • $6,500

      Land with Panoramic Mountain Views

      5-acre property near Columbus, NM, with open space and views.
      Blazing Trail SE, Deming, NM 88030
      View Details
    • $30,000

      Land Near Deming, NM

      Residential land near Deming, NM, priced to sell.
      Dona Ana Road, Deming, NM 88030
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale near shopping, banking, and medical services.
    Where is this commercial land located?
    The property is located at 609 Florida Street Deming, NM.
    What is the asking price?
    The asking price for this property is $455,093.
    What are key features of this property?
    This property features: Located on two major arterials for easy access.; Near shopping for convenient errands.; Near banking for financial needs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Stoes
    Real Estate License ID: NM 20755
    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
    609 Florida Street, Deming, NM 88030
    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!