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Property profile & analytics
OFF-MARKET
Commercial real estate

22950 Stern Dr Anthony, NM 88021

7 ac lot
Entity Owned 1-yr Hold
Property ID
US61-0039108
Property summary
AI-generated overview

This exceptional 7-acre commercial property in Anthony, New Mexico, presents a unique investment opportunity. Zoned for light industrial use, this parcel offers approximately 3.5 acres of usable space, with the remaining acreage dedicated to a utility easement. The property boasts a pre-existing 2400-square-foot metal shell building, adaptable for use as office space or warehouse storage. The building's current state is described as a shell, implying potential for customization to meet specific business needs. The land itself is a significant asset, featuring paved surfaces and a fully compliant stormwater retention system, ensuring efficient drainage and minimizing environmental impact. Its strategic location provides convenient access to Interstate 10, near Exit 162, offering excellent connectivity for transportation and logistics. This combination of land, building, and location makes this property ideal for a variety of light industrial or commercial ventures seeking a well-improved and readily accessible site. The existing infrastructure significantly reduces upfront development costs, allowing businesses to focus on operations rather than extensive site preparation. This property is priced at $880,000 and represents a compelling opportunity for growth and expansion in a strategically advantageous location.

Property profile
Verified
Property type Commercial real estate
Lot 7 ac (304,920 SF)
UPID US61-0039108
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
Pema Re Holdings LLC · 1 yrs held
Pema Re Holdings LLC
since 2024
2 recorded transactions
2024
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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