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Property profile & analytics
OFF-MARKET Estimated value $515,000
Commercial real estate

251 Francis Ave Raton, NM 87740-3721

3,675 SF 0.21 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US61-0818978
Property summary
AI-generated overview

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

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,675 SF
Lot 0.21 ac (9,203 SF)
APN 1-135-186-120-376
UPID US61-0818978
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$515k
Owner & transaction history
Danielle Reinken · 1 yrs held
Danielle Reinken
since 2025
7 recorded transactions
2025
Price N/A
2021
Price N/A
2020
Price N/A
2020
Price N/A
2014
Price N/A
2010
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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