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Property profile & analytics
OFF-MARKET
Warehouses

600 Railroad Ave Ave Las Vegas, NM 87701

2 ac lot Built 1892
Property ID
Property summary
AI-generated overview

This exceptional 2-acre commercial property in Las Vegas, New Mexico, presents a unique investment opportunity. Located at 600 Railroad Ave, this expansive site boasts a rich history, dating back to 1892 when it served as the Brown and Manzanares Mercantile. The main structure, a substantial 28,000+ square foot rock and brick building, currently features a mix of office, retail, storage, and salon spaces on the first floor. The upper two floors offer significant potential for conversion into apartments, lofts, additional office space, or creative studios. Beyond the main building, the property includes over 100 storage units and a large metal building currently undergoing renovations. Adding to the property's versatility is a charming 4-bedroom house, originally the railroad's switch house, which has received awards for its past remodeling. This property is listed at $2,225,000 and offers an unparalleled blend of historical charm and modern commercial potential in a vibrant New Mexico location. The property's zoning and permitted uses should be independently verified. This is a rare chance to acquire a substantial and versatile property with significant upside potential in a desirable location. The property is situated in San Miguel County, New Mexico, with a zip code of 87701.

Property profile
Verified
Property type Warehouses
Year built 1892
Lot 2 ac (87,120 SF)
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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