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    Tbd Whittier St Raton, NM 87740

    For Sale
    $700,000

    Prime Raton location, I-25 visibility, high income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 70-acre commercial land parcel presents a remarkable investment opportunity in Raton, New Mexico. Strategically located near the busy Interstate 25, this property boasts unparalleled visibility, ensuring maximum exposure for any business. The land's prominent position offers stunning views from I-25, attracting significant attention from passing motorists. Adding to its appeal, five billboards currently generate recurring annual income through existing rental agreements. These billboards offer a ready-made advertising platform, providing additional revenue streams or the potential for promoting your own business once the leases expire. The surrounding area is bustling with commercial activity, including a grocery store, dollar store, and the Department of Motor Vehicles, creating a vibrant and convenient environment. Easy access to both I-25 and Highway 87 provides excellent connectivity and accessibility. This property is ideal for establishing a new business or expanding an existing one, capitalizing on the high traffic volume and strong local presence. While the property is zoned for commercial use, inquiries regarding other permitted uses, such as housing, should be directed to the City of Raton. Don't miss this chance to secure a prime piece of commercial real estate with significant income potential and exceptional visibility. The asking price is $700,000.

    Property Features for 0 Tbd Whittier St

    General Information

    Property type
    Land
    Lot Size
    3,049,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Raton
    County
    Colfax
    State
    New Mexico
    Longitude
    -104.4386075
    Latitude
    36.8817328

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    FAQs

    What type of property is this?
    Land - Prime Raton location, I-25 visibility, high income potential.
    Where is this land located?
    The property is located at Tbd Whittier St Raton, NM.
    What is the asking price?
    The asking price for this property is $700,000.
    (575) 707-1662
    Request Owner's contact information
    Tbd Whittier St Raton, NM 87740
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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
    Tbd Whittier St Raton, NM 87740
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