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Property profile & analytics
OFF-MARKET Estimated value $510,000
Commercial real estate

1000 Santa Fe Ave Grants, NM 87020-2433

8,536 SF 0.2 ac lot
Individually Owned 2-yr Hold Free & Clear
Property ID
US61-1104284
Property summary
AI-generated overview

This exceptional investment opportunity presents a substantial commercial property ideally situated on historic Route 66, within Grants, New Mexico's thriving downtown business district. The property encompasses four buildings totaling over 18,000 square feet, situated on a generous 1.3-acre lot. Currently vacant, this versatile space offers significant potential for a variety of commercial uses. The buildings feature a prominent retail storefront facing Route 66, complemented by ample space suitable for warehousing, manufacturing, or other production-oriented businesses. The property's location within the Main Street Development Zone offers access to numerous benefits and potential incentives. Its accessibility is further enhanced by multiple large doors providing generous access from all four sides. Recent professional roof repairs and updates ensure the property is well-maintained and ready for immediate occupancy or lease. The property's size and location make it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to establish a new venture in a vibrant and historic location. The address is 1000 W Santa Fe Ave, Grants, NM 87020, in Cibola County.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 8,536 SF
Lot 0.2 ac (8,536 SF)
APN 2055061054470
UPID US61-1104284
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
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$510k
Owner & transaction history
Ronald Edward Novak · 2 yrs held
Ronald Edward Novak
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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