You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

12 Light St Grenville, NM 88424

OFF-MARKET Retail properties & Spaces Google Maps
1,023 SF 1.17 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 1,023 square foot retail space, situated on a 1.17-acre lot at 12 Light Street in Grenville, New Mexico, presents a unique investment opportunity. Conveniently located just off busy Highway 87 on the high plains of Northeastern New Mexico, this property boasts a rich history, having previously served as the Grenville Station Antique Store. Meticulously restored from a former mechanic's shop and filling station, the building now offers a charming and functional retail space ready for its next chapter. Its strategic location offers easy access for travelers, positioned approximately 25 minutes from Clayton, NM, and 45 minutes from Raton, NM. The property's versatility allows for a variety of uses, including a coffee shop or a convenient traveler's stop. With potential for rezoning, the property could also be adapted into an Airbnb. The fenced backyard provides ample space for outdoor seating, creating a welcoming patio area perfect for entertaining. This property offers a blend of historical charm and modern functionality, making it an ideal investment for entrepreneurs seeking a high-traffic location with significant potential. The possibilities are endless

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,023 SF
Lot 1.17 ac (50,965 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

1 recent transactions · within 1.5 mi
Comparable in this city
1 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12 Light St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message