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    516 Old Us Hwy Socorro, NM 87801

    For Sale
    $900,000

    Prime Socorro location, 9,000 sq ft, vacant in 2025.

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional freestanding retail showroom, located at 516 Old US Hwy 85 in Socorro, New Mexico, presents a unique investment opportunity. The property boasts 9,000 square feet of space within a single-story building constructed in 2014, situated on a 1.28-acre lot. Currently leased to Dollar Tree, the lease expires in January 2025, making this a vacant possession opportunity for the buyer. The building offers excellent visibility and accessibility along a major north/south thoroughfare in Socorro, with ample parking available. The property features prominent monument signage, ensuring high visibility for your business. This well-maintained structure offers full access and is ready for immediate occupancy upon lease expiration. The asking price is $900,000. This property is ideal for a variety of retail uses and represents a strong investment in a growing New Mexico market. The property's location in Socorro County, zip code 87801, provides easy access to the local community and surrounding areas. The building's modern construction and prime location make it an attractive option for businesses seeking a high-impact presence in Socorro.

    Property Features for 516 Old Us Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,000 SF
    Lot Size
    55,757 SF

    Building Details

    Year Built
    2014
    Buildings
    1
    Stories
    1

    HighLights

    • 9,000 SF freestanding retail showroom on a 1.28‑acre lot in Socorro, NM.
    • Built in 2014, currently leased to Dollar Tree, lease expiring January 2025.
    • Excellent visibility and accessibility on a major thoroughfare with ample parking and monument signage.
    • $900,000 asking price; ready for immediate occupancy upon lease expiration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Socorro
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.89135699938
    Latitude
    34.051710714019

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    FAQs

    What type of property is this?
    Individual retail property - Prime Socorro location, 9,000 sq ft, vacant in 2025.
    Where is this individual retail property located?
    The property is located at 516 Old Us Hwy Socorro, NM.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 9,000 SF freestanding retail showroom on a 1.28-acre lot in Socorro, NM.; Built in 2014, currently leased to Dollar Tree, lease expiring January 2025.; Excellent visibility and accessibility on a major thoroughfare with ample parking and monument signage.
    Request Owner's contact information
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    Socorro, NM 87801
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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
    516 Old Us Hwy Socorro, NM 87801
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