105 Bridges Ave Tatum, NM 88267
This exceptional .78-acre commercial land parcel, totaling 33,976.8 square feet, presents a unique investment opportunity in Tatum, New Mexico. Located at 105 S Bridges Avenue, this street front corner property boasts a highly desirable location, ideal for a variety of commercial or residential developments. The property's strategic position at the intersection of West Broadway and South Bridges Avenue, extending towards South Anderson Avenue, ensures high visibility and accessibility. Currently, the site includes a tin building, formerly used as a workshop for farm equipment and vehicles. This existing structure sits on a concrete slab and features electricity, city water, and sewer connections. While the construction date of the tin building is unknown, it offers potential for repurposing or removal to accommodate new construction. The remaining undeveloped lots offer further development possibilities. Prospective buyers are encouraged to independently verify utility access with the city and local utility companies for the undeveloped portions of the property. The property is conveniently located just two blocks from the intersection of Broadway and Main Street in Tatum, NM, zip code 88267. This property is priced at $450,000.
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
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.