0 Duplicate Thoreau, NM 87323
This exceptional mixed-use property in Thoreau, New Mexico presents a unique investment opportunity. The main building, totaling 4,516 square feet, sits on a 1.26-acre lot and boasts a rich history as a trading post and livestock sales facility. Its prime location on Highway 371 ensures high visibility and significant traffic. The property includes a large walk-in vault, ample storage, a kitchen area, and three bathrooms within the main building. Extensive outdoor facilities include five 20' x 20' covered stalls, two separate turnout pens/corrals, and a round pen, all enclosed by pipe fencing. A mostly-enclosed barn (approximately 24' x 40') complements the livestock accommodations. A second building, 640 square feet, is currently leased to a tire shop, generating additional income potential. The property is zoned for commercial or residential use, offering flexibility for future development. The asking price is $250,000, translating to $55.36 per square foot. The property is available for occupancy on June 29, 2024. Built in 1980, this property features two buildings on one story, offering a blend of established infrastructure and significant expansion potential. The property's APN is 2-075-079-428-520. This is an ideal opportunity for owner-users seeking a versatile space with established infrastructure and significant expansion potential in a high-traffic location.
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.