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    Property profile & analytics

    1101 Hwy Velarde, NM 87582

    • Warehouses
    • 8,320 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1101 Hwy

    Year built
    2015
    Property size
    8,320 SF
    Property type
    Warehouses
    Property subtype
    Lifestyle centers

    Description

    This exceptional 8,320-square-foot retail and warehouse space, located at 1101 Highway 68 in Velarde, New Mexico, presents a unique investment opportunity. Built in 2015, this property boasts a prime location with 271 feet of frontage on Highway 68, ensuring high visibility and accessibility for customers. The building sits on a 1.21-acre lot and is currently entirely vacant, offering a blank canvas for a new tenant. Previously occupied by a Family Dollar, the space is ready for immediate occupancy and features a large pylon sign for enhanced brand recognition. The property's warehouse subtype adds versatility, suitable for various retail and storage needs. Despite Velarde's small-town setting, its strategic location serves as a significant draw for residents of nearby larger Northern New Mexico communities, creating a substantial market for a retailer seeking to tap into this underserved area. The property's highway visibility and convenient access make it an ideal location for businesses seeking to attract travelers and local customers alike. This is a rare opportunity to establish a thriving business in a high-traffic area with excellent visibility and ample space. The property is situated in Rio Arriba County, New Mexico, and has a zip code of 87582. The building is classified as multi-tenant, offering flexibility for potential future expansion or subleasing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Velarde
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.001
    Latitude
    36.1328

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1410 Nm-68

      Individual retail properties • 3,000 SF
      1410 Nm-68, Velarde, NM 87582
      View Details
    • Value Estimation by Request
      2.00 Acres

      6 County Rd 60a

      APPLIANCE STORE • 2.00 Acres
      6 County Rd 60a, Velarde, NM 87582
      View Details
    • Value Estimation
      $430,000
      2.01 Acres

      Velarde, NM 87582

      APPLIANCE STORE • 2.01 Acres
      Velarde, NM 87582
      View Details
    • Value Estimation by Request
      0.75 Acres

      40 County Rd 59

      APPLIANCE STORE • 0.75 Acres
      40 County Rd 59, Velarde, NM 87582
      View Details
    • Value Estimation by Request
      35.39 Acres

      200 Private Dr

      APPLIANCE STORE • 35.39 Acres
      200 Private Dr, Velarde, NM 87582
      View Details
    • Value Estimation by Request
      0.36 Acres

      16 County Rd 50

      APPLIANCE STORE • 0.36 Acres
      16 County Rd 50, Velarde, NM 87582
      View Details

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    1101 Hwy
    Velarde, NM 87582
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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
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