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    & NM-344 Plaza Loop Edgewood, NM 87015

    For Sale
    $600,000

    Prime 0.696-acre pad site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.696-acre commercial land parcel presents a unique investment opportunity in Edgewood, New Mexico. Strategically located at the intersection of Interstate 40 and NM Highway 344, this pad site boasts unparalleled visibility to over 40,000 vehicles daily on I-40. The property's prime location is further enhanced by its proximity to a newly established Starbucks and high-performing Smith's and McDonald's locations, ensuring a strong retail environment and significant foot traffic. This site offers fantastic signage opportunities, maximizing brand exposure for any business. The address is Plaza Loop & NM-344, Edgewood, NM 87015, within Santa Fe County. This is an ideal location for businesses seeking high visibility and access to a substantial customer base. The asking price for this exceptional property is $600,000. Don't miss this chance to secure a prominent location in a thriving retail corridor.

    Property Features for & NM-344 Plaza Loop

    General Information

    Property type
    Land
    Lot Size
    30,318 SF

    HighLights

    • $600,000 asking price for 0.696 acres of commercial land.
    • High‑traffic location at the I‑40 and NM Hwy 344 intersection in Edgewood, New Mexico.
    • Excellent I‑40 visibility and signage, with over 40,000 vehicles per day.
    • Located near a new Starbucks, Smith's, and McDonald's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.19285184116
    Latitude
    35.06293120703

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      Edgewood, NM Restaurant - $1.7M

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    FAQs

    What type of property is this?
    Land - Prime 0.696-acre pad site, high visibility.
    Where is this land located?
    The property is located at & NM-344 Plaza Loop Edgewood, NM.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price for 0.696 acres of commercial land.; High-traffic location at the I-40 and NM Hwy 344 intersection in Edgewood, New Mexico.; Excellent I-40 visibility and signage, with over 40,000 vehicles per day.
    (505) 292-9607
    Request Owner's contact information
    & NM-344 Plaza Loop Edgewood, NM 87015
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    Edgewood, NM 87015
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    Realmo Value Estimation

    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.

    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.

    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
    & NM-344 Plaza Loop Edgewood, NM 87015
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