Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201 Abilene Ave Clovis, NM 88101

    • Office Properties & Spaces
    For Sale
    View listing
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 201 Abilene Ave

    Property type
    Office Properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 201 S Abilene Avenue in Portales, New Mexico, presents a unique investment opportunity. The asking price is $275,000 for an 8,395 square foot lot featuring a recently remodeled 2,376 square foot commercial building. Situated conveniently on Highway 70, this property boasts excellent visibility and accessibility. The building, formerly a bank, offers a desirable drive-up window, seven individual offices, and two bathrooms. Its excellent condition makes it move-in ready for a variety of commercial uses. The property's strategic location just off the Portales town square provides frontage on three streets, maximizing exposure to potential customers. A 2022 traffic count taken one block away recorded 14,677 vehicles per day, highlighting the high traffic volume in the immediate area. While previously used as a bank and later adapted for medical purposes, this versatile building is well-suited for a range of commercial ventures. The property's combination of size, location, and recent renovations makes it an attractive option for businesses seeking a prominent presence in Portales, New Mexico. The zip code is 88101, and the property is in Roosevelt County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.313
    Latitude
    34.5265

    Comparable in this City

    • Value Estimation by Request

      1600 Grand Ave

      Office Properties & Spaces
      1600 Grand Ave, Clovis, NM 88101
      View Details
    • Value Estimation by Request
      1,486 SF

      1520 Pile St

      Retail properties • 1,486 SF
      1520 Pile St, Clovis, NM 88101
      View Details
    • Value Estimation by Request

      801 Pile St

      Office Properties & Spaces
      801 Pile St, Clovis, NM 88101
      View Details
    • Value Estimation by Request

      602 Calhoun St

      Office Properties & Spaces
      602 Calhoun St, Clovis, NM 88101
      View Details
    • Value Estimation by Request

      807 Lexington Ave

      Office Properties & Spaces
      807 Lexington Ave, Clovis, NM 88101
      View Details
    • Value Estimation by Request
      1.06 Acres

      2901 Prince St

      Office Properties & Spaces • 1.06 Acres
      2901 Prince St, Clovis, NM 88101
      View Details

    Similar Nearby for Sale

    • $275,000

      Prime Portales Commercial Property

      8,395 SF lot, remodeled building, high traffic
      201 Abilene Ave, Clovis, NM 88101
      View Details
    • $35,000

      Clovis Commercial Land - $35k

      7,000 SF Commercial Lot, Great Potential
      913 Hickory St, Clovis, NM 88101
      View Details
    • $199,000
      8.94 Acres

      Clovis Commercial Land - 8.9 Acres

      Prime Commercial Land, Clovis, NM
      201 Norris St, Clovis, NM 88101
      View Details
    • $350,000
      1.97 Acres

      Clovis Commercial Land - $350K

      Prime 1.97-acre commercial lot in Clovis, NM.
      914 21St St, Clovis, NM 88101
      View Details
    • $3,600,000
      14.79 Acres

      Clovis, NM Commercial Land Opportunity

      14.79 Acres, Mixed-Use Zoning, $3.6M
      0 Prince St & Wilhite Rd, Clovis, NM 88101
      View Details
    • $65,000
      1.06 Acres

      Clovis, NM Commercial Land for Sale

      1.06 Acres, Prime Commercial Location
      1702 Mabry Dr Dr, Clovis, NM 88101
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      16,530 SF

      Mabry Drive Commercial Property

      Prime Commercial Warehouse, 16,530 SF
      4400 Mabry Dr, Clovis, NM 88101
      View Details
    • $12 SF/Yr
      1,902 SF

      Clovis Office/Retail Space for Sale

      Prime Clovis location, 1902 sq ft.
      2504 Ashford Dr, Clovis, NM 88101
      View Details
    • Contact for pricing
      202,990 SF

      Clovis Commercial Land Opportunity

      Prime Commercial Land, 1.72-4.66 Acres
      Clovis NM Nwq Prince St And Llano Estacado Blvd, Clovis, NM 88101
      View Details
    • Contact for pricing
      2,419 SF

      Clovis, NM Drive-Thru Retail Space

      Turn-key retail space, ideal for QSR. High traffic location.
      3916 Prince St, Clovis, NM 88101
      View Details
    • Contact for pricing
      2,295 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      4001-4017 N Prince St, Clovis, NM 88101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Abilene Ave
    Clovis, NM 88101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.