417 1St St, Clayton, NM 88415
This exceptional commercial warehouse property, located at 417 N 1st Street in Clayton, New Mexico, presents a compelling investment opportunity. Built in 2010, the property sits on a substantial 40,946.4 square foot lot and features a 9,014 square foot building, previously occupied by a Dollar General store. The building boasts a spacious 7,700 square foot sales area with a 10-foot dropped ceiling, ideal for a variety of commercial uses. Additional space includes a 1,200+ square foot stockroom or storage area, providing ample room for inventory or equipment. The property benefits from a robust 400+ amp electrical service, ensuring sufficient power for most commercial operations. The open floor plan offers flexibility for customization and adaptation to suit diverse business needs. This non-residential commercial zoned property enjoys a highly visible location at the intersection of Highway 64 and State Road 370 in North Clayton, ensuring excellent exposure and accessibility. The asking price for this well-situated and versatile warehouse is $575,000. This presents a rare chance to acquire a substantial commercial property in a desirable location with significant potential for growth and return on investment. The property's size, location, and existing infrastructure make it an attractive option for a wide range of commercial enterprises.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.