Property profile

109 Bullard St Silver City, NM 88061

OFF-MARKET
Showrooms
Property ID
US61-0392584
8,974 SF 0.1 ac lot Built 1920
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Silver City, New Mexico retail property, located at 109 Bullard Street, presents a unique investment opportunity. Built in 1930, this landmark building sits on a substantial 6,534 square foot lot and offers a blend of commercial and residential income streams. The ground floor comprises five separate retail spaces, ideal for a variety of businesses, generating consistent rental income. Above the commercial units, four apartments provide additional revenue potential. The property's prime location in downtown Silver City ensures high visibility and accessibility for both retail tenants and apartment residents. The asking price is $425,000, representing a compelling entry point into the thriving Silver City market. This is a chance to acquire a historically significant property with proven income generation and significant upside potential. The property's age and character offer a unique charm, attracting both tenants and customers. The substantial lot size also presents possibilities for future expansion or redevelopment, subject to local zoning regulations. This is a rare opportunity to own a piece of Silver City's history while securing a strong financial return. The property is situated in Grant County, New Mexico, zip code 88061.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1920
Total area 8,974 SF
Lot 0.1 ac (4,269 SF)
APN 3-081-103-208-382
UPID US61-0392584

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
  • Health Counselor
  • Department Store
  • Art Gallery
  • Discount Store (Bike/Boat/Book/etc) Store
  • Alternative Medicine Practice Spa & Massage Center

Location

109 Bullard St Silver City, NM 88061-5313
Silver City metro Census 964401 SILVER CITY, NM MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

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 109 Bullard St?
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