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    1429 Avenue D Portales, NM 88130

    For Sale
    $195,000

    8,500 SF Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 8,500 square foot commercial lot at 1429 S Ave. D in Portales, New Mexico, presents a compelling investment opportunity. Priced at $195,000, this property boasts a highly desirable location with excellent visibility and high traffic volume. Convenient on-site parking is available both in front and at the rear of the building. The existing structure offers versatile space, ideal for a variety of commercial uses. The building features three to four spacious office areas, two large conference rooms, a welcoming lobby with a receptionist desk, and a substantial showroom area. A kitchenette and two bathrooms provide added convenience. Two additional rooms offer flexible use options, adaptable to specific business needs. Furthermore, two large rear bays, each equipped with overhead doors, provide ample space for parking, storage, or shipping. This property is well-suited for retail businesses, office spaces, or salons. The seller is motivated and open to leasing options as well. Located in Roosevelt County, New Mexico, with a zip code of 88130, this property offers a unique chance to establish or expand a business in a thriving area. The coordinates are 34.1762408 latitude and -103.3344768 longitude.

    Property Features for 1429 Avenue D

    General Information

    Property type
    Land

    HighLights

    • $195,000 asking price.
    • 8,500 square foot land parcel.
    • Located at 1429 S Ave. D, Portales, NM 88130.
    • High‑traffic location with ample parking.
    • Suitable for retail, office, or salon use.
    • Seller financing considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    OSO Cannabis Company Cannabis Store Designs By J Embroidery Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.3344768
    Latitude
    34.1762408

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    FAQs

    What type of property is this?
    Land - 8,500 SF Commercial Lot, High Traffic
    Where is this land located?
    The property is located at 1429 Avenue D Portales, NM.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price.; 8,500 square foot land parcel.; Located at 1429 S Ave. D, Portales, NM 88130.
    (575) 366-9522
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    1429 Avenue D 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
    1429 Avenue D Portales, NM 88130
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