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Property profile & analytics
OFF-MARKET
Commercial real estate

313-315 Quay Ave Artesia, NM 88210

3,050 SF 0.16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3,050 square foot commercial property, situated at 313-315 Quay Avenue in Artesia, New Mexico, presents a compelling investment opportunity. Ideally located just one block south of Main Street and adjacent to the well-known KSVP radio station, this building enjoys high visibility and convenient access. Ample parking is available both in front and at the rear of the building, ensuring ease of access for customers and employees. Currently configured for a single business, the property features a doorway that easily allows for division into two separate units, making it suitable for multiple tenants or expansion. The 0.16-acre lot provides ample space for outdoor activities or potential future development. The building's location within the Main Street district may offer eligibility for potential renovation assistance programs. This property is being sold as-is, with the building only included in the sale. The asking price is $199,500. Given its prime location, versatile layout, and abundant parking, this property is expected to attract significant interest and is poised for immediate occupancy or further development. Don't miss this chance to acquire a valuable asset in a thriving commercial area.

Property profile
Verified
Property type Commercial real estate
Total area 3,050 SF
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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