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1101 Hwy Velarde, NM 87582

OFF-MARKET Warehouses Google Maps
8,320 SF Built 2015
Estimated value
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Property ID

Property summary

AI-generated overview

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

Verified
Property type Warehouses
Year built 2015
Total area 8,320 SF

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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