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    1400 Wheeler Ave Clovis, NM 88101

    Sponsored
    For Sale
    $400,000

    1.8-acre highway commercial lot; building included.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.8-acre commercial property, located at 1400 Wheeler Avenue in Texico, New Mexico, presents a significant investment opportunity. Situated directly on US Highway 60-70-84, this lot boasts an impressive 429 feet of highway frontage, ensuring high visibility and accessibility for any business. The property benefits from excellent traffic counts, making it an ideal location for a variety of commercial ventures. All utilities are readily available, including crucial 3-phase power, simplifying the setup for any prospective tenant or business owner. Included in the asking price of $400,000 is a substantial existing building, exceeding 3000 square feet, providing immediate usable space. The property also features a well-maintained parking area composed of both asphalt and concrete, offering ample parking for customers and employees. The property was built in 1992 and is located in Curry County, New Mexico, zip code 88101. This prime location and comprehensive infrastructure make this a truly remarkable opportunity for commercial development or expansion in the thriving Texico market. The property is zoned for commercial use.

    Property Features for 1400 Wheeler Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1992

    HighLights

    • $400,000 asking price for 1.8 acres of commercial land.
    • Located at 1400 Wheeler Avenue, Texico, NM 88101.
    • Property includes a 3,000+ sq ft building.
    • Features 429 feet of highway frontage on US HWY 60‑70‑84 with high traffic counts.
    • All utilities available, including 3‑phase power.
    • Asphalt and concrete parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.1929304
    Latitude
    34.3947684

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    FAQs

    What type of property is this?
    Land - 1.8-acre highway commercial lot; building included.
    Where is this land located?
    The property is located at 1400 Wheeler Ave Clovis, NM.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for 1.8 acres of commercial land.; Located at 1400 Wheeler Avenue, Texico, NM 88101.; Property includes a 3,000+ sq ft building.
    Request Owner's contact information
    1400 Wheeler Ave Clovis, NM 88101
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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
    1400 Wheeler Ave Clovis, NM 88101
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