251 Francis Ave Raton, NM 87740-3721
This 3,675 square foot property, situated on a 0.21-acre lot at 251 Francis Avenue in Raton, New Mexico, presents a unique investment opportunity. Previously operating as an assisted living facility, the building boasts a large living and dining area, a fully equipped commercial kitchen featuring a hood, freezer, two refrigerators, and a range/oven combo with ample pantry space. A separate laundry room, office space, and a sizable bathroom complete with a tub and walk-in shower add to the functionality. The property includes nine individual rooms, six of which have private bathrooms. A rear deck provides an outdoor seating area. Constructed to ADA standards, the building features smoke alarms and pull stations throughout, ensuring safety and accessibility. The property's versatility allows for diverse uses, such as a hunting lodge or multi-family dwelling. However, it's important to note that zoning approval is required for commercial use
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.