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Property profile & analytics
OFF-MARKET
Commercial real estate

1229 1St St Las Vegas, NM 87701

Property ID
US61-0950496
Property summary
AI-generated overview

This exceptional development opportunity encompasses two contiguous city lots totaling 14,810.4 square feet, ideally situated in Las Vegas, New Mexico. The property is located at 1229 1st Street Street, 87701, in San Miguel County, offering convenient proximity to Robertson High School. Currently, two older residences are present on the lots; however, these structures are considered uninhabitable and in very poor condition. The property is being sold "as is," presenting a blank canvas for developers and investors seeking to capitalize on this prime location. The combined lot size provides ample space for a variety of potential projects, making it an attractive investment for those with a vision for new construction or redevelopment. The advantageous location near a high school could be particularly appealing for projects targeting families or students. This is a rare chance to acquire a substantial land parcel in a desirable area, ripe for transformation. The asking price for this significant opportunity is $90,000. Detailed site plans and surveys are available upon request. Don't miss this chance to shape the future of this promising Las Vegas location.

Property profile
Verified
Property type Commercial real estate
UPID US61-0950496
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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