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    Property profile & analytics

    404 Richey Ave Artesia, NM 88210

    • Distribution centers
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US61-0922043
    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 404 Richey Ave

    Property type
    Distribution centers

    Description

    This exceptional Artesia, NM property, located at 404 W Richey Avenue, offers a unique blend of warehouse and office space, ideal for a variety of businesses. The 10,250 square foot building sits on a 1.17-acre lot (APN: 4152097323509) and features a spacious 4,025 square foot office area. The office space includes seven private offices, a large open bullpen area, a conference room, and a convenient kitchen with a service window to the foyer. Men's and women's ADA-compliant restrooms are also provided. The warehouse boasts impressive features including 20-foot wall height, four 12' x 18' overhead electric doors with two pull-through bays, and a fire suppression system for enhanced safety. The warehouse is insulated and heated with natural gas. The entire 1.17-acre property is fenced and offers gated access for added security. This single-tenant property is offered for a three-year NNN lease. The property is located in Artesia, NM, zip code 88210, and is readily accessible. This is a prime opportunity for a business seeking a functional and well-equipped space in a convenient location. Contact us today to schedule a viewing and learn more about this exceptional property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.4023265
    Latitude
    32.8576061

    Comparable in this City

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      Historic Office Space, Texas Ave

      Charming Office, Prime Location, 1886 sq ft
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Artesia Office Building For Rent

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      View Details
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      View Details
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    Artesia, NM 88210
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    Realmo Value Estimation

    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.

    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.

    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
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