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    Property profile & analytics

    1608 Spruce St Portales, NM 88130

    • Commercial real estate
    • 20,900 SF
    • 1.90 lot acres
    For Lease
    View listing
    Value Estimation
    $705,000
    Location Intelligence
    Property ID
    US61-1145209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Interim HealthCare of Portales / Home Health Care Service / Occupational Therapist
    • Metro by T-Mobile / Cell Phone Accessory Store / Telecommunications Service Provider
    • Nails Spa / Nail Salon
    • Paden Insurance / Insurance Agency / Auto Insurance Agency
    • T-Mobile / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 1608 Spruce St

    Lot size
    1.90 lot acres
    Property size
    20,900 SF
    Property type
    Commercial real estate
    APN
    400000000319802
    APU
    400000000319802

    Description

    This Portales, New Mexico property, located at 1608 E Spruce St, zip code 88130, offers prime retail, office, and restaurant space within Portales Plaza. The property is a multi-tenant building with a total of 20,740 square feet currently vacant, divided into four available spaces ranging from 1,456 to 3,425 square feet. Situated on Highway 70 at the busy intersection of Spruce Street, this location boasts exceptional visibility and high traffic counts, ensuring maximum exposure for your business. The property benefits from strong co-tenancy with established businesses including Snap Fitness, T-Mobile, USA Nails, Interim HealthCare, and Paden Insurance. The surrounding area further enhances the property's appeal with the presence of major businesses such as Western Dairy Transport, Hampton Farms, Hamilton Chevrolet, New Mexico Bank and Trust, and USA Gasoline. This exceptional outparcel opportunity presents a unique chance to establish or expand your business in a thriving commercial area of Roosevelt County. The property's versatile space is ideal for a variety of retail or restaurant concepts. Contact us today to learn more about this outstanding opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.32
    Latitude
    34.2003
    CBSA code
    38780
    CBSA name
    PORTALES, NM MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,303
    $61,625
    $130,327
    $191,952
    -
    $184,874
    $390,981
    $575,855

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    1608 Spruce St
    Portales, NM 88130
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    Realmo Value Estimation

    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.

    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.

    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
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