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1410 Nm-68 Velarde, NM 87582

OFF-MARKET Retail properties & Spaces Google Maps
3,000 SF 2.4 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional turn-key convenience store and gas station in Velarde, New Mexico, presents a lucrative investment opportunity. Boasting over 30 years of consistent ownership, this family-owned business enjoys a prime location on busy NM Highway 68, situated conveniently between Santa Fe and Taos. The 3,000 square foot building, renovated in 2022, sits on a spacious 2.4-acre lot and includes two gas pumps, currently dispensing 15,000 gallons of fuel monthly. The business generates impressive monthly inside sales of $105,000. A key feature is the fully equipped kitchen with a seating area, complemented by a well-stocked liquor section offering both "to-go" and on-site service. The current owner will allow the use of the existing alcohol permit, though it is not included in the sale price. The property's strategic location places it within an hour's drive of renowned resorts, landmarks, and cultural attractions in Taos, Santa Fe, Los Alamos, the Jemez Mountains, and the Rio Grande Gorge, ensuring a consistent flow of customers. Operating hours are 7 AM to 8 PM, seven days a week. The asking price for this thriving enterprise is $1,600,000. This is a rare opportunity to acquire a well-established, high-performing business with significant growth potential.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,000 SF
Lot 2.4 ac (104,544 SF)

Cap rate & NOI

Priority signal for investors
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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