Commercial Real Estate Market in Tucumcari, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 126 off-market properties in Tucumcari, NM.
Market Trends
Tucumcari, NM spans 1,051.7 square miles in Quay County, New Mexico. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tucumcari, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Tucumcari, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
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%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Tucumcari, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
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
General Commercial
Airport
Multiple Family Residential
City Property
Medium Density Residential
General Commercial (C-1)
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.
7,019
Population
4,113
Households
1.7
Avg Household Size
45
Median Age
21%
College-Educated
86%
High-School Grad
1051.7 sq mi
ZIP Area
7
Density / Sq Mi
$46,773
Median Household Income
$35,303
Median Earnings
$753
Median Rent
$65,800
Median Home Value
Tools
Nearby Markets
Commercial property in Tucumcari, NM asks $83/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tucumcari?
Commercial property in Tucumcari, NM asks an average of $83 per square foot.
Where does Realmo's Tucumcari market data come from?
Realmo compiles Tucumcari, NM figures from 23 active sale listings, 126 tracked off-market properties, the current Tucumcari zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 0 active for-lease listings in Tucumcari, NM. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
