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    2403 Ave O Ave Eunice, NM 88231

    Sponsored
    For Lease
    $15 SF/Yr

    Versatile Warehouse, 7,896 sq ft

    Lot size:
    7,896 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,896 square foot commercial warehouse property, situated on a 2.23-acre lot (APN 4000719200001), presents a unique investment opportunity. The single-tenant building boasts a flexible layout perfectly suited for a variety of businesses. The warehouse itself offers ample space for storage, manufacturing, or distribution, designed with 18-wheeler accessibility for efficient loading and unloading. Beyond the warehouse, the property includes a spacious lobby, a fully equipped kitchen, six private offices, and a comfortable common area, fostering productivity and collaboration. This combination of warehouse and office space makes it ideal for businesses seeking to consolidate operations or expand into a new, strategically located facility. The property's prime location offers significant advantages for businesses seeking easy access to transportation routes and a thriving commercial environment. This is a rare opportunity to acquire a versatile and well-appointed property in a highly desirable area. The property is ready for immediate occupancy.

    Property Features for 2403 Ave O Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,896 SF

    Unit(s) available at that property

    Space
    Size
    7,896 SF
    Rate per SF
    $15

    HighLights

    • 2.23‑acre land parcel with a 7,896 sq. ft. building.
    • Single‑tenant warehouse with a spacious lobby, kitchen, six offices, and common area.
    • Ample warehouse space accommodating 18‑wheeler loading/unloading.
    • Prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Eunice
    County
    Lea
    State
    New Mexico
    Longitude
    -103.1744582
    Latitude
    32.4421483

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    FAQs

    What type of property is this?
    Distribution property - Versatile Warehouse, 7,896 sq ft
    Where is this distribution property located?
    The property is located at 2403 Ave O Ave Eunice, NM.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2.23-acre land parcel with a 7,896 sq. ft. building.; Single-tenant warehouse with a spacious lobby, kitchen, six offices, and common area.; Ample warehouse space accommodating 18-wheeler loading/unloading.
    Request Owner's contact information
    2403 Ave O Ave Eunice, NM 88231
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    Eunice, NM 88231
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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
    2403 Ave O Ave Eunice, NM 88231
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