Property profile

1617 Silver Hts Blvd Silver City, NM 88061

OFF-MARKET
Retail space
Property ID
US61-0434916
11,508 SF 0.97 ac lot Built 1950
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied 12-unit retail shopping plaza in Silver City, New Mexico. Located at the high-traffic intersection of Hwy 180 and Hwy 90, this property boasts unparalleled visibility and consistent demand. Built in 1950, the Pinon Plaza sits on a substantial 42,383 square foot lot and offers a diverse portfolio of tenants, generating a robust and immediate income stream. The asking price is $721,000, representing a compelling 9.5% capitalization rate, indicating significant growth potential. Impeccably maintained, this property offers a secure investment with a proven track record of success. The strategic location and high visibility ensure sustained tenant occupancy and a steady flow of customers. This is an ideal opportunity for investors seeking a strong return on investment in a thriving New Mexico market. The property's address is 1617 Silver Heights Boulevard, Silver City, NM 88061, Grant County. This fully occupied retail center presents a rare chance to acquire a stable, high-performing asset with substantial upside potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 11,508 SF
Lot 0.97 ac (42,384 SF)
APN 3-081-102-103-410
UPID US61-0434916

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 Pet Store & Service

Location

1617 Silver Hts Blvd Silver City, NM 88061-5643
Silver City metro Census 964300 SILVER CITY, NM MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +8.0%

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
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