Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    341 Wheatridge Dr Clovis, NM 88101

    • Distribution centers
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0500704
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 341 Wheatridge Dr

    Year built
    2014
    Property type
    Distribution centers

    Description

    This exceptional 3,820 sq ft metal building in Clovis, New Mexico, presents a lucrative investment opportunity. Constructed in 2014, the property boasts two 10x10 roll-up doors and three walk-through doors, ensuring convenient access for various commercial uses. The building features 110 and 220 amp service, providing ample power for diverse operations. Inside, steel framing offers the potential for finishing into office or retail space, or it can be removed entirely. Plumbed for future expansion, this versatile space also includes additional underground and exterior storage. Strategically located on the corner of Brady and Hwy 467, this high-traffic area guarantees excellent visibility and accessibility. An existing income-producing single-wide manufactured home on the property offers additional revenue potential, or it can be used as extra office space or removed as desired. The property is situated on land in Curry County, New Mexico, with the address 341 Wheatridge Drive, Clovis, NM 88101. This property is priced at $220,000 and represents a compelling blend of location, potential, and income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.3195855
    Latitude
    34.309287

    Comparable in this City

    • $450,000
      1.75 Acres

      Clovis Warehouse: 4,800 SF, 1.75 Acres

      Prime Clovis warehouse, 4,800 sq ft, 1.75 acres, 20 parking spaces.
      800 Woods, Clovis, NM 88101
      View Details
    • $990,000
      14,000 SF

      Trucking Facility with Wash Bay

      Trucking facility with trailer wash bay and truck parking available.
      600 S Edwards St, Clovis, NM 88101
      View Details
    • $225,000
      6.81 Acres

      Clovis Highway Frontage Opportunity

      6.81 acres with highway frontage, ideal for commercial or industrial.
      781 Us 70 Hwy, Clovis, NM 88101
      View Details
    • $700,000

      Clovis Industrial Property - $700K

      Established Clovis business, 15,471 sq ft lot.
      512 Commerce Way, Clovis, NM 88101
      View Details
    • $435,000
      5,360 SF

      Clovis Retail Investment Opportunity

      Multi-Tenant Retail/Industrial, 5,360 SF, 100% Occupied
      2907 Prince St, Clovis, NM 88101
      View Details
    • $77,000
      8.50 Acres

      Clovis, NM Commercial Land Opportunity

      8.5 Acres, Prime Commercial Location
      409 Humphrey Rd, Cannon Air Force Base, NM 88101
      View Details

    Similar Nearby for Sale

    • $450,000
      1.75 Acres

      Clovis Warehouse: 4,800 SF, 1.75 Acres

      Prime Clovis warehouse, 4,800 sq ft, 1.75 acres, 20 parking spaces.
      800 Woods, Clovis, NM 88101
      View Details
    • $990,000
      14,000 SF

      Trucking Facility with Wash Bay

      Trucking facility with trailer wash bay and truck parking available.
      600 S Edwards St, Clovis, NM 88101
      View Details
    • $225,000
      6.81 Acres

      Clovis Highway Frontage Opportunity

      6.81 acres with highway frontage, ideal for commercial or industrial.
      781 Us 70 Hwy, Clovis, NM 88101
      View Details
    • $700,000

      Clovis Industrial Property - $700K

      Established Clovis business, 15,471 sq ft lot.
      512 Commerce Way, Clovis, NM 88101
      View Details
    • $435,000
      5,360 SF

      Clovis Retail Investment Opportunity

      Multi-Tenant Retail/Industrial, 5,360 SF, 100% Occupied
      2907 Prince St, Clovis, NM 88101
      View Details
    • $1,750,000
      18.39 Acres

      Clovis, NM Land - 18 Acres

      Prime 18-acre development opportunity in Clovis, NM.
      0 Tbd Wilhite Dr, Clovis, NM 88101
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      16,530 SF

      Mabry Drive Commercial Property

      Prime Commercial Warehouse, 16,530 SF
      4400 Mabry Dr, Clovis, NM 88101
      View Details
    • Contact for pricing
      202,990 SF

      Clovis Commercial Land Opportunity

      Prime Commercial Land, 1.72-4.66 Acres
      Clovis NM Nwq Prince St And Llano Estacado Blvd, Clovis, NM 88101
      View Details
    • $12 SF/Yr
      1,902 SF

      Clovis Office/Retail Space for Sale

      Prime Clovis location, 1902 sq ft.
      2504 Ashford Dr, Clovis, NM 88101
      View Details
    • Contact for pricing
      2,295 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      4001-4017 N Prince St, Clovis, NM 88101
      View Details
    • Contact for pricing
      2,419 SF

      Clovis, NM Drive-Thru Retail Space

      Turn-key retail space, ideal for QSR. High traffic location.
      3916 Prince St, Clovis, NM 88101
      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.
    341 Wheatridge Dr
    Clovis, NM 88101
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.