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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

905 Us-491 Gallup, NM 87301

45,792 SF
Property ID
Property summary
AI-generated overview

El Mercado Plaza, a Class B retail center totaling 45,792 square feet, presents a compelling investment opportunity in Gallup, New Mexico's thriving NW New Mexico submarket. Strategically located on Highway 491, this multi-tenant property enjoys a high-traffic location within Gallup's main retail corridor. The center boasts two suites, with a minimum divisible space of 1,000 square feet and currently offers six available spaces ranging from 892 to 2,800 square feet. Its strong tenant mix includes established national brands such as Harbor Freight, Little Caesars Pizza, and Wing Stop, ensuring consistent foot traffic and visibility. The plaza benefits from its proximity to other major retailers, including Walmart, Home Depot, Marshalls, and McDonald's, further enhancing its appeal and potential for success. The property is zoned Commercial and offers excellent access via its convenient location on Highway 491 and its cross street, Metro Drive. This is an exceptional opportunity to secure retail space in a high-demand location with established anchors and significant potential for growth. The property's size and flexible suite options cater to a variety of retail businesses seeking a prominent presence in Gallup's bustling commercial district.

Property profile
Verified
Property type Retail properties & Spaces
Total area 45,792 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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