4 Grand Ave Ave Las Vegas, NM 87701
This exceptional 1-acre commercial land parcel is strategically located in Las Vegas, New Mexico, offering significant development potential. Situated on LOT 4 South Grand Ave Avenue, this property enjoys a highly desirable location adjacent to the Holiday Inn, placing it within the heart of the town's business district. The lot itself features a combination of flat and gently sloping terrain, presenting versatile options for construction. Its convenient location provides easy access to local amenities and services. Furthermore, its proximity to major transportation routes enhances its appeal. Las Vegas, NM is approximately one hour from Santa Fe, NM, and roughly three hours from Colorado, making it an attractive location for businesses seeking access to a wider regional market. The asking price for this exceptional opportunity is $699,000. This property presents a rare chance to acquire a prime commercial lot in a thriving New Mexico community. Serious inquiries are encouraged. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The address is LOT 4 South Grand Ave Avenue, Las Vegas, NM 87701.
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
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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.