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    1001 2Nd St Roswell, NM 88201

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    1001 2Nd St Roswell, NM 88201

    View on Map
    • Retail space
    • 1.10 lot acres
    Off-Market
    Property ID
    US61-0845433
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1001 2Nd St

    Year built
    2024
    Lot size
    1.10 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    Exceptional investment opportunity: a brand-new (2024 construction) Murphy USA convenience store and gas station in Roswell, New Mexico, presents a compelling net lease offering. This single-tenant property boasts a 20-year absolute NNN lease commencing October 1, 2024, and expiring October 1, 2044, with four 5-year renewal options. The lease includes attractive 8% rent bumps every five years, ensuring consistent income growth. The property sits on a 1.1-acre lot at a high-traffic hard corner location on W 2nd Street and N Union Avenue, experiencing over 17,500 vehicles per day. The strong demographics are highlighted by over 49,235 people residing within a 5-mile radius, boasting an average household income exceeding $88,130. The property's strategic location is further enhanced by its proximity to several nationally recognized brands, including Sonic, Dollar General, Subway, and Dairy Queen. Murphy USA, a leading retailer with over $25.45 billion in revenue, provides a strong corporate guarantee. The property offers a 5.75% cap rate and a current net operating income (NOI) of $98,000. Roswell's designation as New Mexico's most affordable city, coupled with a population exceeding 46,355, adds to the investment's appeal. This is a turnkey investment with significant long-term growth potential. The property is 100% occupied.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.53688
    Latitude
    33.394782

    Comparable in this City

    • New
      $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
    • $125,000
      0.48 Acres

      Roswell Land For Sale

      Commercial land available in Roswell, New Mexico.
      103 N Delaware Ave, Roswell, NM 88201
      View Details

    Similar Nearby for Sale

    • New
      $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
    • $125,000
      0.48 Acres

      Roswell Land For Sale

      Commercial land available in Roswell, New Mexico.
      103 N Delaware Ave, Roswell, NM 88201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,029 SF

      Retail Space on Signalized Corner

      Retail property suitable for fast food or financial institution.
      3211 N Main St, Roswell, NM 88201
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    • 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
    • $9 SF/Yr

      Retail Space in Main Place

      Available junior box in Roswell's retail corridor.
      2601 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing
      24,964 SF

      Roswell Mall Retail Space

      Retail space available within the Roswell Mall.
      4501 N 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
    • Contact for pricing

      Roswell Retail Spaces Available

      Retail spaces available for lease in Roswell, New Mexico.
      2901 N Main St, Roswell, NM 88201
      View Details
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    Roswell, NM 88201
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    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
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