1821 Hwy Gallup, NM 87301
This exceptional Gallup, NM retail storefront, located on highly visible Highway 66, offers 16,693 square feet across three floors. The main floor encompasses approximately 10,791 square feet, ideal for retail or office space. A 4,390 square foot open mezzanine on the second floor provides versatile space for various uses. A unique feature is a 1,500 square foot third-floor living area, suitable for residential use, additional office space, or a penthouse. Built in 1993, this standalone building sits on a 27,000 square foot lot, zoned for heavy commercial use. The asking price is $1,182,000 ($70.81/sq ft). This property presents a rare opportunity for owner-users seeking a large, versatile space in a high-traffic location. Its size and unique features make it stand out in the market, offering significant potential for long-term value appreciation and diverse income streams. The property is currently vacant, providing immediate occupancy for the new owner. Its prime location on Highway 66 ensures excellent visibility and accessibility, attracting a wide range of potential tenants or customers. The high-quality construction and attractive design contribute to its overall appeal and longevity. This is a truly unique investment opportunity in a desirable location.
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.