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    6Th St Socorro, NM 87801

    For Sale
    Contact for pricing

    Five Pad Sites, I-25 Exposure

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Plaza Del Sol presents a unique opportunity for commercial development in the heart of Socorro, New Mexico's commercial district. This 8.694-acre property boasts seven pad sites, with five currently available for development. The largest available pad site encompasses approximately 6.267 acres, offering significant potential for large-scale projects. Walmart anchors pad site seven, the largest site (13+ acres). All available sites benefit from exceptional visibility and accessibility, enjoying incredible exposure to Interstate 25 and California Street, Socorro's main thoroughfare. The recent opening of a Subway restaurant further enhances the area's commercial appeal and demonstrates the growing vibrancy of this location. This prime commercial land offers developers a chance to capitalize on a strategic location within a thriving New Mexico community. The property is situated at 6th St, Socorro, NM 87801, in Socorro County. The address provides easy access to major transportation routes, ensuring high traffic volume and excellent visibility for any commercial venture. The five available pad sites present a diverse range of development possibilities, catering to various business needs and scales. This is an exceptional opportunity to establish a presence in a rapidly growing market.

    Property Features for 0 6Th St

    General Information

    Property type
    Land
    Lot Size
    378,711 SF

    HighLights

    • Prime 8.694‑acre commercial development site in Socorro, NM's central business district.
    • Five available pad sites ranging in size, ideal for various commercial ventures.
    • Largest available pad site offers 6.267 acres for large‑scale development.
    • Strategic location with high visibility from I‑25 and California Street, enhanced by recent Subway opening.
    • Exceptional access and visibility for businesses, situated at 6th St, Socorro, NM 87801.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Socorro
    County
    Socorro
    State
    New Mexico
    Longitude
    -106.8912698
    Latitude
    34.0634234

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    FAQs

    What type of property is this?
    Land - Five Pad Sites, I-25 Exposure
    Where is this land located?
    The property is located at 6Th St Socorro, NM.
    What are key features of this property?
    This property features: Prime 8.694-acre commercial development site in Socorro, NM's central business district.; Five available pad sites ranging in size, ideal for various commercial ventures.; Largest available pad site offers 6.267 acres for large-scale development.
    (505) 256-7573
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    6Th St Socorro, NM 87801
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    Socorro, NM 87801
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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
    6Th St Socorro, NM 87801
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