Technical
Financial
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Property profile

211 Texas St Silver City, NM 88061

OFF-MARKET
Commercial real estate
Property ID
US61-0418391
0.06 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 211 N Texas St. in Silver City, New Mexico, presents a unique investment opportunity. The 4,085 square foot building sits on a 0.1-acre lot and is currently 100% occupied by four distinct retail businesses: an art gallery, weaving studio, bakery, and pilates studio. Each unit boasts separate utilities (heating, cooling, and restrooms), enhancing tenant independence. The building features beautiful brick construction, high ceilings, and original tin ceiling tiles in two units. Unit B (the bakery) has recently undergone significant improvements, including new flooring, upgraded electrical and lighting, plumbing, floor drains, sewer lines, and a renovated bathroom. Unit C also received sewer upgrades and a new bathroom. All units are equipped with new digital Kwikset door locks. The pilates studio enjoys a private adobe-walled courtyard. This high-visibility corner location, at the intersection of Yankie and Texas Streets, offers exceptional exposure. The property's proximity to the historic Murray Hotel, art galleries, coffee shops, a museum, and restaurants ensures high foot traffic and a vibrant atmosphere. The asking price for this prime retail space is $599,000. This is a rare chance to acquire a thriving, well-maintained commercial property in the heart of Silver City's historic downtown art district. The zip code is 88061.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.06 ac (2,483 SF)
APN 3-081-103-226-313
UPID US61-0418391

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
  • Art Gallery Art School
  • Art Gallery
  • Theater & Performing Art Venue

Location

211 Texas St Silver City, NM 88061-5321
Silver City metro Census 964401 SILVER CITY, NM MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

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
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