Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    224 Main St, Jal, NM 88252

    Built 1991
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot commercial land parcel presents a unique investment opportunity in Jal, New Mexico. Located at 224 S Main Street, this property boasts a highly visible street frontage in Lea County, offering unparalleled exposure to potential customers. Built in 1991, the land is zoned for commercial use and is ideally suited for a diverse range of businesses. Its central location within Jal provides easy access to local amenities and a strong customer base. The asking price is $180,000, representing a compelling value for entrepreneurs seeking a strategic foothold in a thriving market. This property is ready for immediate development, allowing for the construction of a building tailored to specific business needs. The ample space provides flexibility for various commercial ventures, from retail establishments to professional offices. The property's address is 224 S Main Street, Jal, NM 88252. Seize this chance to establish or expand your business in a prime location with high visibility and significant growth potential. Don't miss this opportunity to acquire a valuable piece of commercial real estate in a dynamic New Mexico market.

    Property profile
    Verified
    Property type Land
    Year built 1991
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 224 Main St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message