Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    201 3Rd St Roswell, NM 88201
    Back to Search
    Property profile & analytics

    201 3Rd St, Roswell, NM 88201

    View on Map
    • Retail properties & Spaces
    • 1,330 SF
    • 0.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 201 3Rd St

    Year built
    1965
    Lot size
    0.03 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,330 square foot retail property is ideally situated on the highly visible corner of West Third Street and North Richardson Avenue in the heart of downtown Roswell, New Mexico. Boasting a prime location with excellent street frontage, this commercial space offers significant potential for a variety of businesses. The layout includes a spacious reception area, perfect for welcoming clients or customers, and three separate offices or showroom areas, providing ample flexibility for different operational needs. A small kitchen area adds convenience, while a compact basement offers valuable storage space. The property sits on a 0.03-acre lot, providing convenient access and visibility. The asking price for this well-located and versatile retail space is $209,000. This presents a unique opportunity to establish or expand a business in a thriving downtown area. The property's prominent location and functional layout make it an attractive investment for entrepreneurs seeking a strong foothold in the Roswell market. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.525
    Latitude
    33.3956

    Comparable in this City

    • Value Estimation by Request
      334,516 SF

      Roswell Mall

      Retail properties & Spaces
      0 Roswell Mall, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      1.10 Acres

      1001 2Nd St

      Individual retail properties
      1001 2Nd St, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      90,880 SF

      2801 Main St

      Individual retail properties
      2801 Main St, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      10,194 SF

      2901 Main St

      Retail properties & Spaces
      2901 Main St, Roswell, NM 88201
      View Details
    • Value Estimation by Request

      4504 Main St

      Restaurants
      4504 Main St, Roswell, NM 88201
      View Details
    • Value Estimation by Request
      53,665 SF

      2601 Main St

      Retail properties & Spaces
      2601 Main St, Roswell, NM 88201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Commercial Property For Sale

      Commercial property with parking, suitable for various business types.
      1000 W 2 St Cor, Roswell, NM 88201
      View Details
    • $250,000
      4,397 SF

      Roswell Retail Property with Bay

      Prime Roswell retail property featuring storefront, restrooms, and fenced lounge.
      314 N Richardson Ave, Roswell, NM 88201
      View Details
    • $150,000
      4,534 SF

      Roswell Commercial Building For Sale

      Versatile commercial building in high-traffic area with owner financing.
      1501 W 2Nd St, Roswell, NM 88201
      View Details
    • Contact for pricing
      2,702 SF

      Roswell Auto Shop For Sale

      Auto shop with paint booth and hydraulic frame lift.
      401 E 2Nd St, Roswell, NM 88201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      919 SF

      Roswell Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru on high-traffic N Main Street.
      2407 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located on Main St, near Walmart and Roswell Mall.
      4511 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing
      2,162 SF

      Roswell Retail Space For Rent

      Retail space available in high-traffic Roswell shopping center.
      2801 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail/Office/Entertainment Space

      Versatile 12,500 SF space in Roswell Mall.
      4501 North Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail/Office/Medical Space

      25,000 SF space suitable for retail, office, or medical use.
      4501 North Main St, Roswell, NM 88201
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near Roswell Mall

      Retail space with high visibility near major retailers.
      4504 N Main St, Roswell, NM 88201
      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.
    201 3Rd St
    Roswell, NM 88201
    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

    Thank You for Inquiry
    201 3Rd St, Roswell, NM, 88201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!