Joseph Ave Estancia, NM 87016
This exceptional commercial property in Estancia, New Mexico presents a unique investment or business opportunity. Strategically located in central New Mexico, this property boasts convenient access to major transportation routes, including Highway 41, the I-40 corridor, and US Highway 60. The site encompasses 2.55 acres and features two substantial buildings. The first building, measuring approximately 2500 square feet, was previously used for bean and grain cleaning operations. It includes two grain storage bins and a 12x12 roll-up door, ideal for equipment access and material handling. The second building is significantly larger, at approximately 8400 square feet. This structure offers a versatile layout, incorporating several offices, smaller storage rooms, a scale room, a truck scale, a spacious storage area, and a dedicated loading/unloading room. Multiple roll-up doors facilitate efficient movement of goods – one 20x14 door and two 9x9 doors. The property's proximity to Albuquerque (approximately one hour's drive) and Santa Fe (just over an hour) provides excellent access to a larger market. This rare offering presents a compelling opportunity for entrepreneurs and investors seeking a well-equipped commercial space in a desirable location. The property is priced at $350,000.
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
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.