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    OFF-MARKET
    Office Spaces

    612 Commerce St, Jal, NM 88252

    Built 1955
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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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