612 Commerce St, Jal, NM 88252
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.
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
Similar Nearby for Sale
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.