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    1232 8 St Cor Las Vegas, NM 87701

    Sponsored
    For Sale
    $140,000

    16,117 sq ft lot, $140,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 16,117 square foot commercial land parcel presents a unique investment opportunity in Las Vegas, New Mexico. Located at 1232 8th Street Corner, this property is zoned for commercial use and offers significant potential for development. The asking price is $140,000. The site requires the installation of all necessary utilities, a project that will necessitate collaboration with the City of Las Vegas Development Department to ensure compliance with all building codes and regulations. This property is ideal for entrepreneurs seeking to establish a new business or for investors looking to capitalize on the growing commercial sector in this vibrant New Mexico city. Situated in San Miguel County, with the address 1232 8th Street Corner, Las Vegas, NM 87701 (35.6018814, -105.2220172), this lot provides ample space for a variety of commercial ventures. The property's location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the community. Prospective buyers should be prepared to undertake the necessary utility connections and obtain all required permits from the city. This is a blank canvas ready for your vision. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving market.

    Property Features for 1232 8 St Cor

    General Information

    Property type
    Land

    HighLights

    • 16,117 SF commercial lot in Las Vegas, NM, priced at $140,000.
    • Zoned for commercial use with high development potential.
    • Located at 1232 8th Street Corner, Las Vegas, NM 87701.
    • Requires utility installation and city permits.
    • Excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2220172
    Latitude
    35.6018814

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    FAQs

    What type of property is this?
    Land - 16,117 sq ft lot, $140,000
    Where is this land located?
    The property is located at 1232 8 St Cor Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 16,117 SF commercial lot in Las Vegas, NM, priced at $140,000.; Zoned for commercial use with high development potential.; Located at 1232 8th Street Corner, Las Vegas, NM 87701.
    Request Owner's contact information
    1232 8 St Cor Las Vegas, NM 87701
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    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
    1232 8 St Cor Las Vegas, NM 87701
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