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Property profile & analytics

107 Main Ave Portales, NM 88130-5909

  • Commercial real estate
  • 3,500 SF
  • 0.08 lot acres
OFF-MARKET
Last Sale
Nov 06, 2023
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US61-1071437
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

  • Trichomez / Cannabis Store

Property Details for 107 Main Ave

Lot size
0.08 lot acres
Property size
3,500 SF
Property type
Commercial real estate
APN
100000000559100
APU
100000000559100

Description

This exceptional 3,500 square foot retail space, situated on a 0.08-acre lot at 107 S. Main Avenue in downtown Portales, New Mexico, presents a unique opportunity for a variety of businesses. Previously used as a dispensary, the property boasts several attractive features perfectly suited for retail or service-oriented enterprises. The space includes unique display cases, ideal for showcasing merchandise, along with ample office space to manage daily operations. Security is a key feature, with two large safes and a comprehensive security system already in place. A recently installed HVAC system ensures year-round comfort for both employees and customers. The property also offers two bathrooms for convenience. Significant storage is available, including a sizable warehouse area perfect for inventory or equipment, and additional storage space located upstairs in a loft area. This loft space offers further versatility, potentially serving as extra office space or additional display area. The property's prime downtown location ensures high foot traffic and excellent visibility, maximizing exposure for your business. This is a rare opportunity to acquire a well-equipped and strategically located commercial property in the heart of Portales. The asking price is $161,000.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Portales
County
Roosevelt
State
New Mexico
Longitude
-103.337
Latitude
34.1866
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
$905
$2,602
$30,156
$32,758
-
$7,805
$90,467
$98,272
More about this property
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