Property profile

3212 Canal St Carlsbad, NM 88220

OFF-MARKET
Warehouses
Property ID
US61-0462622
3.59 ac lot
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Property summary

AI-generated overview

This exceptional 3.59-acre commercial property, located at 3212 S Canal Street in Carlsbad, New Mexico, presents a significant investment opportunity. Priced at $250,000, the property boasts a versatile layout ideal for various commercial uses. The site includes a substantial shop featuring overhead bay doors, providing convenient access for loading and unloading. A Conex container, modified to include offices and a bathroom, offers immediate workspace. Additionally, a warehouse with a loading dock provides ample storage space. The property is fully enclosed by perimeter fencing, enhanced by a security light for added safety and security. Zoned to allow for one housing unit, this adds further flexibility and potential for future development. Its strategic location off Highway 285 ensures excellent visibility and accessibility, making it an attractive proposition for businesses seeking a well-equipped and conveniently situated commercial space in Eddy County, New Mexico, zip code 88220. The property's size and existing structures offer immediate usability, while the zoning allows for expansion and adaptation to meet evolving business needs. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential.

Property profile

Verified
Property type Warehouses
Lot 3.59 ac (156,380 SF)
UPID US61-0462622

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3212 Canal St Carlsbad, NM 88220
Carlsbad metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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