Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    301 Bullard St Silver City, NM 88061-5309
    Property profile & analytics

    301 Bullard St Silver City, NM 88061-5309

    View on Map
    • Office buildings
    • 3,693 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US61-0478537
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Independent Ink Tattoo / Tattoo & Piercing Shop

    Property Details for 301 Bullard St

    Year built
    1930
    Lot size
    0.09 lot acres
    Property size
    3,693 SF
    Property type
    Office buildings
    APN
    3-081-103-208-316
    APU
    3081103208316

    Description

    This exceptional retail property at 301 Bullard Street in Silver City, New Mexico, presents a rare investment opportunity. Built in 1884, this stunning brick building offers a unique blend of historical charm and modern potential. Situated on a desirable corner lot spanning 1,742.4 square feet, the property benefits from high visibility and excellent foot traffic in the heart of downtown Silver City. The building's historical character is undeniable, offering a captivating aesthetic that would appeal to a wide range of businesses. The asking price is $275,000, representing a compelling value for a property of this caliber in such a sought-after location. Its prime position within the vibrant downtown area ensures strong potential for rental income or owner-occupancy. The property's size and layout provide ample space for a variety of retail uses, making it an ideal investment for entrepreneurs seeking a distinctive and well-positioned commercial space. The 88061 zip code further underscores the property's location within a thriving commercial district. This is a chance to acquire a piece of Silver City's history and capitalize on its continued growth and appeal. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silver City
    County
    Grant
    State
    New Mexico
    Longitude
    -108.277
    Latitude
    32.7706
    CBSA code
    43500
    CBSA name
    SILVER CITY, NM MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $880
    $4,995
    $31,548
    $36,543
    -
    $14,984
    $94,643
    $109,627

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      3505 Hwy 180th Eus

      OFFICE BUILDING • 3,200 SF
      3505 Hwy 180th Eus, Silver City, NM 88061-7772
      View Details
    • Value Estimation by Request
      1,928 SF

      Silver City, NM 88061

      OFFICE BUILDING • 1,928 SF
      Silver City, NM 88061
      View Details
    • Value Estimation by Request
      624 SF

      2100 Memory Ln

      OFFICE BUILDING • 624 SF
      2100 Memory Ln, Silver City, NM 88061-7964
      View Details
    • Value Estimation by Request
      2,664 SF

      3801 Pinos Altos Rd

      OFFICE BUILDING • 2,664 SF
      3801 Pinos Altos Rd, Silver City, NM 88061
      View Details
    • Value Estimation by Request
      2,323 SF

      210 Yankie St

      OFFICE BUILDING • 2,323 SF
      210 Yankie St, Silver City, NM 88061-5357
      View Details
    • Value Estimation by Request
      2,718 SF

      214 Bullard St

      OFFICE BUILDING • 2,718 SF
      214 Bullard St, Silver City, NM 88061-5308
      View Details

    Similar Nearby for Sale

    • $495,000
      0.79 Acres

      Commercial Property in Silver City

      Two buildings on a 0.79-acre lot in Silver City.
      524 Silver Heights Blvd, Silver City, NM 88061
      View Details
    • $350,000
      1,928 SF

      Downtown Silver City Office Building

      Commercial office building in downtown Silver City with parking.
      607 N Hudson St, Silver City, NM 88061
      View Details
    • $550,000
      4,394 SF

      Silver City Commercial Investment Property

      Leased commercial building in Silver City, New Mexico.
      1620 Pine St, Silver City, NM 88061
      View Details
    • Contact for pricing
      3,900 SF

      Medical Clinic on Highway 180

      Commercial building functioning as a medical clinic with long-term tenant.
      1380 Highway 180 E, Silver City, NM 88061
      View Details
    • $989,000
      0.27 Acres

      Historic Silver City Residence

      Restored 1883 residence in Silver City's Historic District.
      411 West Broadway St, Silver City, NM 88061
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 Bullard St
    Silver City, NM 88061-5309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    301 Bullard St, Silver City, NM, 88061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!