1ST St St Bloomfield, NM 87413
This exceptional 37-acre commercial property presents a significant development opportunity in Bloomfield, New Mexico. Strategically located on 1st Street (US 550), this vacant land boasts approximately 1386 linear feet of road frontage, ensuring high visibility and accessibility. The property's expansive size allows for the construction of a substantial commercial building, catering to a variety of businesses, or it could accommodate a growing commercial enterprise alongside a potential industrial operation. A key advantage is the existing infrastructure at the north end of the property, which includes readily available electricity, sewer, and water lines, significantly reducing development costs and timelines. Further enhancing its appeal, a preliminary, engineered subdivision map is available for review, providing a clear vision for potential development plans. This property represents a rare chance to acquire a large, well-situated parcel in a growing area, offering substantial potential for long-term investment and return. The seller is the owner of the property. The property is also listed under LAND MLS #22-1157. This information is for informational purposes only and should be verified independently.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.