Commercial Real Estate Market in Tucumcari, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
24 active listings and 126 off-market properties in Tucumcari, NM. Commercial property asks $58/SF to buy (based on 6 listings) and $9.46/SF/Yr to lease (based on 7 listings).
Market Trends
Tucumcari, NM spans 1,051.7 square miles in Quay County, New Mexico. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Tucumcari, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Tucumcari, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Tucumcari, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Multifamily
Multifamily vacancy in Tucumcari, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 32.6%
- Commercial 23.5%
- Special 18.3%
- Industrial 6.8%
- Agricultural 5.2%
Largest Zones share of zoned land by district
The C-1 general commercial district is intended to provide areas for the development of a variety of commercial uses in appropriate areas for the purposes of convenience and orderly growth and certain related use
Market overview
Demographics & Economy
Tucumcari, NM has 7,019 residents in 4,113 households. Density runs 7 people per square mile. Median household income here is $46,773 and median gross rent $753 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Tucumcari?
How much does it cost to lease commercial space in Tucumcari?
Where does Realmo's Tucumcari market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 7 active for-lease listings in Tucumcari, NM. The medians are based on 6 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,115 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
