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    1600 W Broadway Ave Bloomfield, NM 87413

    • Self service car washes
    • 14,203 SF
    • 4.86 lot acres
    For Sale
    View listing
    $4,550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0521783
    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

    • Self service car washes

    Property Details for 1600 W Broadway Ave

    Year built
    1992
    Lot size
    4.86 lot acres
    Property size
    14,203 SF
    Property type
    Self service car washes
    APN
    2064170311304
    APU
    2064170311304

    Description

    This exceptional investment opportunity encompasses five distinct, established businesses strategically located in the heart of Bloomfield, New Mexico, within the Four Corners region. The portfolio includes a truck wash, a de-mudding wash, two car washes, a 108-unit mini-storage facility, a manufactured home, and a substantial shop. All five parcels are being sold together, contingent upon the purchase of all properties. Individual parcel addresses are 1600 W Broadway, 1945 W Broadway, 101 Ruth, 1019 W Broadway, and 912 N 1st. This rare offering presents a unique chance to acquire a diverse and profitable commercial portfolio. The properties are currently generating strong returns, with individual cap rates ranging from 5.7% to 10.88%. The combined cap rate for the entire portfolio is calculated at 6.18%. The total land area comprises 4.86 acres. A detailed breakdown of each business's financial performance is available upon request. This is an ideal investment for those seeking a diversified, high-yield commercial property portfolio in a growing market. The combined properties offer significant potential for future growth and expansion. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.999
    Latitude
    36.7124
    CBSA code
    22140
    CBSA name
    FARMINGTON, NM METROPOLITAN 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
    $6,815
    $0.00
    $0.00
    $194,161
    -
    $0.00
    $0.00
    $582,483

    Comparable in this City

    • Value Estimation by Request
      2,968 SF

      1019 Broadway Ave

      CAR WASH - SELF-SERVE • 2,968 SF
      1019 Broadway Ave, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      5,693 SF

      912 1st St

      CAR WASH - SELF-SERVE • 5,693 SF
      912 1st St, Bloomfield, NM 87413-4200
      View Details
    • Value Estimation by Request
      1,800 SF

      2016 Broadway Ave

      AUTO REPAIR, GARAGE • 1,800 SF
      2016 Broadway Ave, Bloomfield, NM 87413-6762
      View Details
    • Value Estimation by Request
      1,500 SF

      414 Rd 5500

      AUTO REPAIR, GARAGE • 1,500 SF
      414 Rd 5500, Bloomfield, NM 87413-9303
      View Details
    • Value Estimation by Request
      4,340 SF

      6784 Us 64

      AUTO REPAIR, GARAGE • 4,340 SF
      6784 Us 64, Bloomfield, NM 87413-9565
      View Details
    • Value Estimation by Request
      25,040 SF

      273 1st St

      AUTO REPAIR, GARAGE • 25,040 SF
      273 1st St, Bloomfield, NM 87413-5342
      View Details

    Similar Nearby for Sale

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    • $230,000
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      Bloomfield Commercial Opportunity

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    • $420,000
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      Bloomfield Commercial Opportunity

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      Bloomfield Business Opportunity: Five Parcels

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    • $4,550,000

      Bloomfield NM Business Opportunity

      Five parcels with multiple established businesses in Bloomfield, New Mexico.
      1600 W Broadway Ave, Bloomfield, NM 87413
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    • $450,000
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      Bloomfield Commercial Opportunity: Five Parcels

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    1600 W Broadway Ave
    Bloomfield, NM 87413
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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