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Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Commercial land
1300 Santa Fe Ave Grants, NM 87020-3523
Entity Owned
Free & Clear
Property ID
US61-1090712
Property summary
AI-generated overview
This exceptional 34,848 square foot commercial lot is ideally situated at 1300 W Santa Fe Avenue in Grants, New Mexico, zip code 87020. Located in a revitalized section of the city's main street, this property presents a wealth of development opportunities. Its strategic location offers convenient access from both directions of Santa Fe Avenue, enhanced by two off-street entrances. The expansive lot size provides ample space for a variety of commercial ventures. Adding to its versatility, the property partially abuts Peel Street at the rear. The zoning designation is C-2, General Commercial, allowing for a broad range of permitted uses. This prime location, combined with the generous lot size and convenient access, makes this an exceptional investment opportunity in a growing area. The asking price for this remarkable property is $39,995. This is a rare chance to acquire a significant commercial parcel in a revitalized part of Grants, New Mexico. Don't miss this chance to capitalize on the potential of this exceptional property.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.75 ac (32,544 SF)
APN
2056062283329
UPID
US61-1090712
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
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
P & R ASSOCIATES, LLC
P & R ASSOCIATES, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grants submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grants submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$599
Tax year 2023
Assessed value
$16,273
Assessed 2023
Previous assessed
$16,273
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$16,273
Land market value
$48,820
Total market value
$48,820
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
0.75 ac (32,544 SF)
APN
2056062283329
UPID
US61-1090712
Jurisdiction
CIBOLA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.75 ac
Current owner
From public records · entity-resolved
P & R ASSOCIATES, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 4147, GALLUP, NM 87305-4147
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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