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    2907 Prince St Clovis, NM 88101

    For Sale
    $435,000

    Multi-Tenant Retail/Industrial, 5,360 SF, 100% Occupied

    Property size:
    5,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a multi-tenant commercial property located at 2907 N Prince St, Clovis, NM 88101. The property encompasses 5,360 square feet of retail and industrial space, currently boasting 100% occupancy across five units. Each unit is under a NNN lease, minimizing landlord responsibilities. The property features ample parking with 30 spaces available for tenants and customers. The building is well-maintained, with roofs and HVAC systems less than 10 years old, ensuring long-term operational efficiency. The seller provides water service to all five units. The property is zoned for commercial use and generates a substantial monthly rental income of $5,360. This represents a strong return on investment in a prime Clovis location. The asking price for this turnkey investment is $435,000. This property is ideal for investors seeking a stable, high-performing asset with minimal management requirements. Detailed financial information is available upon request. Don't miss this chance to acquire a well-maintained, fully occupied commercial property in a thriving New Mexico market.

    Property Features for 2907 Prince St

    General Information

    Property type
    Industrial properties
    Square Feet
    5,360 SF

    HighLights

    • $435,000 asking price.
    • 5,360 square foot retail/industrial property.
    • Multi‑tenant building with 100% occupancy.
    • NNN lease type.
    • 30 parking spaces.
    • Located at 2907 N Prince St, Clovis, NM 88101.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.1958448
    Latitude
    34.4279247

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    FAQs

    What type of property is this?
    Industrial property - Multi-Tenant Retail/Industrial, 5,360 SF, 100% Occupied
    Where is this industrial property located?
    The property is located at 2907 Prince St Clovis, NM.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: $435,000 asking price.; 5,360 square foot retail/industrial property.; Multi-tenant building with 100% occupancy.
    Request Owner's contact information
    2907 Prince St Clovis, NM 88101
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    Clovis, NM 88101
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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
    2907 Prince St Clovis, NM 88101
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