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    306 Mentmore Rd Gallup, NM 87301

    For Sale
    $275,000

    Prime Gallup location, 2600 sq ft, 1 acre lot.

    Property size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use property, located at 306 Mentmore Rd in Gallup, New Mexico, presents a unique investment opportunity. The 2,600 square foot building sits on a one-acre lot, offering versatile commercial zoning possibilities. Currently vacant with an occupancy date of July 31, 2024, this property allows for immediate customization to suit a variety of business needs. The permitted mixed-use zoning allows for diverse applications, from multi-family dwellings to restaurants, hotels, car washes, or medical facilities. Built in 1980, the single-story building includes a 30 x 24 foot garage at the rear, adding further utility and potential. The property features a fenced lot, providing security and privacy. The asking price is $275,000, translating to $105.77 per square foot. The land value alone is assessed at $50,000 per square foot. The property's APN is R652075. This is a for-sale-by-owner opportunity. Don't miss this chance to acquire a versatile commercial property in a desirable Gallup location.

    Property Features for 306 Mentmore Rd

    General Information

    Property type
    Retail properties
    Square Feet
    2,600 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $275,000 asking price for a mixed‑use property.
    • 2,600 square feet on a one‑acre lot in Gallup, New Mexico.
    • Vacant, owner‑user investment opportunity.
    • 1980 construction, single‑story building with a 30' x 24' garage.
    • Mixed‑use zoning allows for diverse uses.
    • $105.77 per square foot; $50,000 per square foot land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Accounting Firm Electrical Service Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.84160846683
    Latitude
    35.508280439909

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    FAQs

    What type of property is this?
    Retail property - Prime Gallup location, 2600 sq ft, 1 acre lot.
    Where is this retail property located?
    The property is located at 306 Mentmore Rd Gallup, NM.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for a mixed-use property.; 2,600 square feet on a one-acre lot in Gallup, New Mexico.; Vacant, owner-user investment opportunity.
    Request Owner's contact information
    306 Mentmore Rd Gallup, NM 87301
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    Gallup, NM 87301
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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
    306 Mentmore Rd Gallup, NM 87301
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