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    1898 Grand Ave Ave Las Vegas, NM 87701

    For Sale
    $695,000

    Prime Grand Ave. location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 1898 N Grand Ave in Las Vegas, New Mexico, presents a unique investment opportunity. Priced at $695,000, this special purpose property boasts significant land acreage ideal for future development. Situated on the north end of Grand Avenue, the property benefits from a highly desirable commercial location within the city's growth zone. The substantial lot size offers considerable potential for various commercial ventures. Detailed survey information is available for review in the uploaded documents, providing comprehensive insights into the property's boundaries and characteristics. This prime location on the north side of Grand Avenue ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strategic foothold in a thriving area. The property's zoning and potential for development should be independently verified. Don't miss this chance to acquire a substantial commercial parcel in a rapidly growing area of Las Vegas, New Mexico. The address is 1898 N Grand Ave, Las Vegas, NM 87701.

    Property Features for 1898 Grand Ave Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • $695,000 asking price.
    • Special purpose property in Las Vegas, NM.
    • Located at 1898 N Grand Ave, Las Vegas, NM 87701.
    • Large land area suitable for development.
    • Situated on the north side of Grand Avenue in a growth zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2092603
    Latitude
    35.6089206

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    FAQs

    What type of property is this?
    Specialty property - Prime Grand Ave. location, development potential.
    Where is this specialty property located?
    The property is located at 1898 Grand Ave Ave Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price.; Special purpose property in Las Vegas, NM.; Located at 1898 N Grand Ave, Las Vegas, NM 87701.
    Request Owner's contact information
    1898 Grand Ave Ave Las Vegas, NM 87701
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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
    1898 Grand Ave Ave Las Vegas, NM 87701
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