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    1205 1St St Magdalena, NM 87825

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1205 1St St

    Year built
    1965
    Property type
    Land

    Description

    This exceptional commercial property, situated on the corner of Highways 60 and 107 in Magdalena, New Mexico, presents a unique investment opportunity. The 11,761.2 square foot lot features a completely renovated approximately 800 square foot building constructed in 1965. Recent improvements include a new roof, windows, garage doors, and entry door. The interior boasts new insulation, sheetrock, and paint in both the office and restroom, which is ADA compliant. A brand new septic system has been installed, ensuring modern functionality. The property is connected to city water and benefits from a new 2-inch waterline—the only one of its kind in the village. One of the garage bays includes a functional lift, adding to the property's versatility. The building is powered by a 200-amp service. Located at 1205 W First Street, Magdalena, NM 87825, this property offers endless possibilities for a variety of commercial uses. Its prime location and extensive renovations make it an attractive investment in a thriving New Mexico community. The property's size and location at the intersection of two major highways provide excellent visibility and accessibility.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Magdalena
    County
    Socorro
    State
    New Mexico
    Longitude
    -107.252
    Latitude
    34.1137

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    1205 1St St
    Magdalena, NM 87825
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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