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Property profile & analytics
OFF-MARKET
Land

1429 Avenue D Portales, NM 88130

Property ID
Property summary
AI-generated overview

This 8,500 square foot commercial lot at 1429 S Ave. D in Portales, New Mexico, presents a compelling investment opportunity. Priced at $195,000, this property boasts a highly desirable location with excellent visibility and high traffic volume. Convenient on-site parking is available both in front and at the rear of the building. The existing structure offers versatile space, ideal for a variety of commercial uses. The building features three to four spacious office areas, two large conference rooms, a welcoming lobby with a receptionist desk, and a substantial showroom area. A kitchenette and two bathrooms provide added convenience. Two additional rooms offer flexible use options, adaptable to specific business needs. Furthermore, two large rear bays, each equipped with overhead doors, provide ample space for parking, storage, or shipping. This property is well-suited for retail businesses, office spaces, or salons. The seller is motivated and open to leasing options as well. Located in Roosevelt County, New Mexico, with a zip code of 88130, this property offers a unique chance to establish or expand a business in a thriving area. The coordinates are 34.1762408 latitude and -103.3344768 longitude.

Property profile
Verified
Property type Land
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
Current use
Occupant on record · Public records
  • OSO Cannabis Company (Bike/Boat/Book/etc) Store
  • Designs By J Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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