Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.