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    712 Terrace Dr Grants, NM 87020

    • Commercial real estate
    For Sale
    View listing
    $25,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0986422
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 712 Terrace Dr

    Property type
    Commercial real estate

    Description

    This exceptional 0.22-acre commercial land parcel, located at 712 Terrace Grants, Grants, NM 87020, presents a remarkable opportunity for investors and developers. Situated in Cibola County, this property boasts a highly desirable location within the vibrant city of Grants, New Mexico. The asking price is an attractive $25,000, making it an exceptionally accessible entry point into the New Mexico commercial real estate market. The property's precise coordinates are 35.14726 latitude and -107.8514466 longitude, allowing for easy identification and site analysis. Given its classification as commercial land, this lot offers a wide range of potential uses, subject to local zoning regulations. The property is currently listed for sale and represents a blank canvas for a variety of commercial ventures. Prospective buyers are encouraged to conduct their own due diligence regarding zoning and permitted uses to ensure alignment with their business plans. This is a rare opportunity to acquire a well-positioned commercial lot in a growing New Mexico community at an exceptionally competitive price. Don't miss out on this chance to secure a valuable asset in a dynamic market. Contact us today to learn more and schedule a site visit.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grants
    County
    Cibola
    State
    New Mexico
    Longitude
    -107.8514466
    Latitude
    35.14726

    Comparable in this City

    • Contact for pricing

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      Route 66 Corner Lots

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      Residential Land in Desirable Neighborhood

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      104 Doris Ct, Grants, NM 87020
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      1.23 Acres

      Grants, NM Land Parcel

      Seven contiguous lots totaling 1.23 acres in Grants, New Mexico.
      Laguna St, Grants, NM 87020
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grants Land: Build Your Dream Home

      Affordable lot, fenced, needs cleanup.
      212 Eileen St, Grants, NM 87020
      View Details
    • $32,000
      0.47 Acres

      Land in Developing Grants Neighborhood

      Land plot in desirable, developing Grants neighborhood with utilities nearby.
      N Hl Blvd, Grants, NM 87020
      View Details
    • $100,000
      1.45 Acres

      Route 66 Corner Lots

      Commercial land on Route 66 and Acoma Street.
      00 Santa Fe Ave Cor, Grants, NM 87020
      View Details
    • Contact for pricing

      Grants, NM Land - Build Your Dream Home

      7,840 sq ft lot, ideal for new construction.
      0 Tbd Warren St, Grants, NM 87020
      View Details
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      Ash Street

      Land
      0 Ash St, Grants, NM 87020
      View Details
    • $35,900
      10.91 Acres

      Land in Tierra Verde Ranchettes

      10.91 acres of land perfect for off-grid living.
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      View Details
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    712 Terrace Dr
    Grants, NM 87020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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