206 Newman Ave Aztec, NM 87410
This exceptional commercial property in Aztec, New Mexico, presents a unique investment opportunity at an amazing price of $575,000. The offering encompasses three buildings totaling 15,200 square feet situated on a substantial parcel. The East building, spanning 2,800 square feet, features a large open meeting space, a kitchen, and restrooms, and sits on approximately 0.44 acres of irrigated land (per seller). The North building, a significant 6,000 square feet, is well-suited for a variety of uses, boasting a large congregation/meeting area, a baptismal font, several offices, bathrooms, refrigerated air, and ample paved parking. This building also benefits from irrigation (per seller). The South building, while comprising 6,400 square feet, has sustained flood damage and requires restoration. Adding further value, the property includes two additional residential lots, also irrigated (per seller), located on the southern portion of the land. The seller may consider selling 203 Swire separately. Prospective buyers are advised to independently verify the future use of the property with the City of Aztec. This property offers significant potential for redevelopment and diverse commercial applications.
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.