813 Highway 612 Thoreau, NM 87323
This exceptional 4.17-acre property, located at 813 Highway 612 in Thoreau, New Mexico, presents a unique investment opportunity. The existing office building, constructed in 1980, offers significant potential for redevelopment or continued use as an office space. Situated in McKinley County, with a zip code of 87323, the property boasts a prime location offering both convenience and a tranquil country setting. The asking price is $70,000, making it an attractive proposition for buyers seeking a versatile commercial property in a desirable area of New Mexico. The ample lot size provides considerable flexibility for future expansion or development, catering to a range of business needs or even residential conversion, subject to local zoning regulations. The property's existing structure provides a solid foundation for immediate occupancy or renovation, depending on the buyer's vision. Its location in Thoreau offers a blend of rural charm and accessibility, making it an ideal location for a variety of businesses or individuals seeking a unique property with significant upside potential. Further details regarding the building's interior specifications and zoning classifications are available upon request. This property is ready for its next chapter, offering a compelling opportunity for growth and investment.
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
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.