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    1608 Spruce St Portales, NM 88130

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    For Lease
    Contact for pricing

    High-traffic retail space in Portales, NM.

    Lot size:
    9,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This Portales, New Mexico property, located at 1608 E Spruce St, zip code 88130, offers prime retail, office, and restaurant space within Portales Plaza. The property is a multi-tenant building with a total of 20,740 square feet currently vacant, divided into four available spaces ranging from 1,456 to 3,425 square feet. Situated on Highway 70 at the busy intersection of Spruce Street, this location boasts exceptional visibility and high traffic counts, ensuring maximum exposure for your business. The property benefits from strong co-tenancy with established businesses including Snap Fitness, T-Mobile, USA Nails, Interim HealthCare, and Paden Insurance. The surrounding area further enhances the property's appeal with the presence of major businesses such as Western Dairy Transport, Hampton Farms, Hamilton Chevrolet, New Mexico Bank and Trust, and USA Gasoline. This exceptional outparcel opportunity presents a unique chance to establish or expand your business in a thriving commercial area of Roosevelt County. The property's versatile space is ideal for a variety of retail or restaurant concepts. Contact us today to learn more about this outstanding opportunity.

    Property Features for 1608 Spruce St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,429 SF

    Unit(s) available at that property

    Space
    Suite #400
    Size
    1,456 SF
    Space
    Suite #750
    Size
    1,505 SF
    Space
    Suite #850
    Size
    3,425 SF
    Space
    Suite 875
    Size
    3,043 SF

    HighLights

    • High visibility location with excellent signage opportunities and strong pedestrian/vehicular traffic.
    • Convenient access to major roadways and abundant parking.
    • Highly adaptable interior space suitable for retail, office, or restaurant use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Interim HealthCare of Portales Home Health Care Service Metro by T-Mobile Cell Phone Store Nails Spa Nail Salon Paden Insurance Insurance Agency T-Mobile Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.31973039314
    Latitude
    34.200427659481

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space in Portales, NM.
    Where is this restaurant located?
    The property is located at 1608 Spruce St Portales, NM.
    What are key features of this property?
    This property features: High visibility location with excellent signage opportunities and strong pedestrian/vehicular traffic.; Convenient access to major roadways and abundant parking.; Highly adaptable interior space suitable for retail, office, or restaurant use.
    Request Owner's contact information
    1608 Spruce St Portales, NM 88130
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    Portales, NM 88130
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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
    1608 Spruce St Portales, NM 88130
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