313-315 Quay Ave Artesia, NM 88210
This 7,000 square foot commercial property, located at 313-315 W Quay Avenue in Artesia, New Mexico (zip code 88210), presents a unique investment opportunity. The property, which is zoned for land, office, and retail use, currently functions as a single commercial space, but a doorway allows for easy conversion into two separate units. This flexibility makes it ideal for a variety of businesses or for an investor seeking to generate rental income from multiple tenants. Situated just one block south of Main Street and adjacent to KSVP radio station, the property benefits from high visibility and foot traffic. Ample parking is available both in front and at the rear of the building, ensuring convenient access for customers and employees. The building's location within the Main Street district may offer potential for assistance with renovations or updates. The asking price is $199,500. The building only is for sale
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
Similar Nearby for Lease
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.