Property profile

612 Commerce St Jal, NM 88252

OFF-MARKET
Office Spaces
Built 1955
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Property summary

AI-generated overview

This exceptional commercial property at 612 S Commerce Street in Jal, New Mexico, presents a unique investment opportunity. Built in 1955, this property combines a substantial shop space with ample office accommodations, making it ideal for a variety of businesses. The asking price is $475,000. The property features a generously sized shop boasting two large overhead doors and two-ton cranes, perfect for handling heavy equipment or materials. The office space includes two private offices, a reception area, and a dedicated conference room, providing a professional and functional workspace. A convenient bathroom with a shower is also included. While the offices benefit from air conditioning and heating, the shop itself is not climate-controlled. The property also includes a sizable .63-acre fenced yard, providing secure outdoor storage or operational space. Recent improvements include a new hot water heater. The property's location in Lea County, New Mexico, offers easy access to local amenities and transportation routes. This versatile property is ready for immediate occupancy and presents significant potential for a variety of commercial uses. The combination of shop and office space, along with the substantial yard, makes this a truly unique offering in the Jal market. The property is zoned for commercial use.

Property profile

Verified
Property type Office Spaces
Year built 1955

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

612 Commerce St Jal, NM 88252
Jal metro
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Value estimations

Realmo proprietary · 4 methods
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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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