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    20 Nm 518 Las Vegas, NM 87701

    For Sale
    $500,000

    Las Vegas, NM commercial land opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Las Vegas, New Mexico. Located at 20 NM 518, this property boasts a highly desirable location within San Miguel County, offering significant potential for various commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction to suit a wide range of business needs. With its strategic positioning and substantial acreage, this property is ideally suited for businesses seeking a prominent presence in a growing market. The asking price is $500,000, representing a compelling value proposition for investors seeking a substantial land holding in a vibrant New Mexico community. The property's address is clearly identified as 20 NM 518, Las Vegas, NM 87701, providing easy access and visibility. Given its size and location, this parcel is well-positioned to capitalize on the area's economic growth and development trends. The property is zoned for commercial use, making it suitable for a variety of businesses. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land opportunity. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a significant land holding in a strategic location with considerable upside potential.

    Property Features for 20 Nm 518

    General Information

    Property type
    Land
    Lot Size
    217,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Gym & Fitness Auto Parts Store Kitchen & Bath Convenience Store Veterinary Clinic Coworking Space Pet Grooming Service

    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
    -105.2255373
    Latitude
    35.629349

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    FAQs

    What type of property is this?
    Land - Las Vegas, NM commercial land opportunity.
    Where is this land located?
    The property is located at 20 Nm 518 Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $500,000.
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    20 Nm 518 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
    20 Nm 518 Las Vegas, NM 87701
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