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Multi-Tenant Strip Mall
For Sale
$3,664,800

810 E 21st St, Clovis, NM 88101

Retail center with an anchor lease, established local occupancy, and additional space for tenanting.

Property Size50,763 SF
Lot Size3.30 Acres
Price / SF$72.19
Days on Market150

Property Features for 810 E 21st St

General Information

Standard status Active
Size 50,763 SF
Lot size 3.30 Acres
Property subtype Shopping Strip
Occupancy 80%

Additional Details

Anchor Co-Tenants Ollie's Bargain Outlet

Amenities

HEAVY VALUE-ADD RETAIL OPPORTUNITY | PRO FORMA CAP RATE IS 11.14%
ANCHORED BY A NEW 7-YEAR LEASE WITH OLLIE'S BARGAIN OUTLET
BUILDING HAS A METAL ROOF | SITUATED ON A LARGE 3.3-ACRE PARCEL WITH AMPLE PARKING
PRIME RETAIL LOCATION WITHIN DENSE TRADE AREA
REGIONAL ECONOMIC HUB WITH STRONG DEMAND DRIVERS

Building Details

Building Size 50,763 SF
Year Built 1985
Tenancy Multi
Listing Agency: Dallas Office
Listed By: Philip Levy · License #TX: 0522087
Source: Marcusmillichap
Added: Apr 3 Changed: Aug 30 Last Checked: Aug 30 at 2:44AM

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 Dallas Office

Investment Insights

Based on property information with market context.

Rockridge Plaza is a 50,763-square-foot multi-tenant retail center on 3.3 acres, constructed in 1985. The property is 80% occupied and includes a newly executed seven-year lease with Ollie’s Bargain Outlet, which occupies 59 percent of the gross leasable area. Java Loft Coffee Shop is also operating on-site, while Guadalajara Restaurant occupies space without paying rent; additional space is vacant.

The center is located at 810 E 21st St in Clovis, along East 21st Street, also identified as Airport Highway. North Plains Mall is two blocks away, and the surrounding area includes national retailers, grocery stores, and service providers. The property is positioned within Curry County’s regional commercial hub in Eastern New Mexico.

Key Highlights

  • 50,763‑square‑foot retail center on a 3.3‑acre parcel
  • 80% occupied with additional vacant and non‑rent‑paying space
  • Ollie’s Bargain Outlet occupies 59 percent of gross leasable area

Property Analytics

Current Use

The Java Loft Cafe & Coffee Shop Otero Charles D Physician Diana Montoya Physician Batriz De Leon Physician Tanya Roberts Physician

Suggested Use

Top Pick Law Firm HVAC Service Kitchen & Bath Showroom Dental Office Grocery & Convenience Store Big Box & Wholesale Store

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

80%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

613
Businesses Nearby
293k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 37% Shops & Services 18% Home Improvements & Furnishings 15% Groceries 15%
Albertsons Groceries
42,988 visits/mo 0.2 miles
Hobby Lobby Shops & Services
26,648 visits/mo 0.1 miles
Big Lots Superstores
24,693 visits/mo 0.1 miles
Big R Home Improvements & Furnishings
22,558 visits/mo 0.4 miles
SONIC Drive In Dining
22,524 visits/mo 0.2 miles

Demographics for 88101, NM

45,651
Population
19,798
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
82%
High-School Grad
539.3 sq mi
ZIP Area
85
Density / Sq Mi
$55,349
Median Household Income
$35,816
Median Earnings
$991
Median Rent
$162,400
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Retail center with an anchor lease, established local occupancy, and additional space for tenanting.
Where is this strip mall located?
The property is located at 810 E 21st St Clovis, NM.
What is the asking price?
The asking price for this property is $3,664,800.
What are key features of this property?
This property features: 50,763‑square‑foot retail center on a 3.3‑acre parcel; 80% occupied with additional vacant and non‑rent‑paying space; Ollie’s Bargain Outlet occupies 59 percent of gross leasable area
More about this property
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