Property profile

107 Main Ave Portales, NM 88130

OFF-MARKET
Commercial real estate
Property ID
US61-1071437
3,500 SF 0.08 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,500 SF
Lot 0.08 ac (3,500 SF)
APN 100000000559100
UPID US61-1071437

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

107 Main Ave Portales, NM 88130-5909
Portales metro Census 100 PORTALES, NM MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 107 Main Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message