22950 Stern Dr Anthony, NM 88021
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.