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    813 1St St Grants, NM 87020

    Sponsored
    For Sale
    $280,000

    High-Yield Retail Investment, 10,418 SF

    Property size:
    10,418 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 10,418-square-foot retail storefront in Grants, New Mexico, presents a compelling owner-user investment opportunity. Currently boasting 100% occupancy, the property generates a strong net operating income (NOI) of $22,338, translating to a 7.98% capitalization rate at an asking price of $280,000 ($26.88 per square foot). Three of the four tenants are secured by multi-year leases, providing excellent stability. While one suite operates on a month-to-month lease, it's a long-term tenant. Recent improvements include new exterior LED lighting and an upgraded pylon sign. The property also benefits from significant 2022 city upgrades to the surrounding infrastructure, including new sidewalks, repaved roads, updated plumbing and drainage, and modern LED streetlights along 1st Street, the town's main thoroughfare. This presents a value-add potential for a savvy investor seeking a strong return in a revitalized area. The property is located at 813 1st St, Grants, NM 87020.

    Property Features for 813 1St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,418 SF

    Building Details

    Buildings
    1

    HighLights

    • $280,000 Asking Price
    • 10,418 Square Foot Retail Storefront
    • 7.98% Cap Rate with $22,338 NOI
    • 100% Occupancy, Owner/User Opportunity
    • Located at 813 1st St, Grants, NM 87020
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants
    County
    Cibola
    State
    New Mexico
    Longitude
    -107.84405359125
    Latitude
    35.157270286073

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Investment, 10,418 SF
    Where is this individual retail property located?
    The property is located at 813 1St St Grants, NM.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: $280,000 Asking Price; 10,418 Square Foot Retail Storefront; 7.98% Cap Rate with $22,338 NOI
    Request Owner's contact information
    813 1St St Grants, NM 87020
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    Grants, NM 87020
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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
    813 1St St Grants, NM 87020
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