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    1118 National St Las Vegas, NM 87701

    For Sale
    $400,000

    Prime NM Office w/ Cottage & Storage

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional executive office property, located at 1118 National in Las Vegas, New Mexico, presents a unique investment opportunity at an asking price of $400,000. The main building boasts ample office space, substantial storage, and excellent natural light, making it ideal for a variety of professional uses, including home health, legal practices, or other businesses. The property includes a separate cottage equipped with a kitchen and bathroom, offering additional versatility and potential for various uses. A large metal building provides extensive storage capacity, addressing any space needs. The property features a gated entrance for enhanced security and is conveniently situated near schools, the university, medical facilities, shopping centers, restaurants, hotels, and entertainment options. The property's central location in Las Vegas, NM, ensures easy access to amenities and a thriving community. While the provided information is believed to be accurate, potential buyers are encouraged to conduct thorough due diligence during their inspection period. Please note that there is an encroachment of boundary lines between 1118 and 1116 National, which should be considered during the due diligence process. The square footage of the main building is currently listed as 1 square foot, however, this requires further clarification and verification. Images are available to illustrate the property's layout.

    Property Features for 1118 National St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2238868
    Latitude
    35.5939574

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    FAQs

    What type of property is this?
    Office Property / Space - Prime NM Office w/ Cottage & Storage
    Where is this office property / space located?
    The property is located at 1118 National St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $400,000.
    Request Owner's contact information
    1118 National St Las Vegas, NM 87701
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    Las Vegas, NM 87701
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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
    1118 National St Las Vegas, NM 87701
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