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Property profile & analytics
OFF-MARKET
Land

206 Newman Ave Aztec, NM 87410

15,200 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Total area 15,200 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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