Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1St St Bloomfield, NM 87413

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1St St Bloomfield, NM 87413

    View on Map
    • Commercial real estate
    • 11.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1St St

    Lot size
    11.53 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.53-acre commercial vacant land parcel presents a remarkable investment opportunity in Bloomfield, New Mexico. Strategically located on the bustling US Highway/1st Street, just north of the city limits, this property boasts excellent visibility and accessibility. Its prime highway frontage ensures high traffic exposure, making it ideal for a wide range of commercial ventures. The expansive acreage offers ample space for development, allowing for flexibility in design and scale. Businesses seeking a prominent location with significant land area will find this property particularly attractive. The convenient access points onto and off the highway facilitate seamless traffic flow for customers and employees. Given its size and location, this property is well-suited for various commercial uses, including retail, warehousing, light industrial, or potential subdivision into smaller lots. The potential for significant return on investment is substantial, making this a compelling opportunity for discerning investors seeking a high-impact commercial property in a growing area. The property's location offers easy access to Bloomfield's amenities and services, while also benefiting from the high traffic volume of the US Highway. This is a rare opportunity to acquire a large, well-positioned commercial land parcel in a desirable location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.979
    Latitude
    36.7115

    Comparable in this City

    • Value Estimation by Request
      4.03 Acres

      3700 1St St

      Land • 4.03 Acres
      3700 1St St, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      37.00 Acres

      1ST St St

      Commercial real estate • 37.00 Acres
      1ST St St, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      4 SF

      3700 1St St

      Commercial real estate • 4 SF
      3700 1St St, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      0.98 Acres

      1019 Broadway Blvd

      Commercial real estate • 0.98 Acres
      1019 Broadway Blvd, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      1.78 Acres

      X1 Ferrari Rnch Rd Rd

      Commercial real estate • 1.78 Acres
      X1 Ferrari Rnch Rd Rd, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      2,835 SF

      1945 Broadway Blvd

      Land • 2,835 SF
      1945 Broadway Blvd, Bloomfield, NM 87413
      View Details

    Similar Nearby for Sale

    • $450,000
      3.54 Acres

      Bloomfield Multi-Business Portfolio

      Five established businesses, high cap rate.
      101 Ruth Ln, Bloomfield, NM 87413
      View Details
    • $420,000
      1.78 Acres

      Bloomfield Multi-Business Portfolio

      Five established businesses, high ROI.
      1945 Broadway Blvd, Bloomfield, NM 87413
      View Details
    • $4,550,000
      4.86 Acres

      Bloomfield Commercial Portfolio: 5 Businesses

      High-yield multi-parcel investment opportunity.
      1600 Broadway Ave, Bloomfield, NM 87413
      View Details
    • $230,000
      0.98 Acres

      Bloomfield Multi-Business Portfolio

      Five established businesses, high ROI.
      1019 Broadway Blvd, Bloomfield, NM 87413
      View Details
    • $40,000
      0.91 Acres

      Bloomfield Commercial Land - $40K

      Level lot, prime commercial potential. 0.91 acres.
      Missouri St, Bloomfield, NM 87413
      View Details
    • $280,000
      1.78 Acres

      Bloomfield Commercial Land - Highway 64

      1.78 Acres, Level, Irrigated, Highway Frontage
      X1 Ferrari Rnch Rd Rd, Bloomfield, NM 87413
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1St St
    Bloomfield, NM 87413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!