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    4510 2Nd St Roswell, NM 88201

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    4510 2Nd St Roswell, NM 88201

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    • Commercial real estate
    Off-Market
    Property ID
    US61-0491438
    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

    • Commercial real estate

    Property Details for 4510 2Nd St

    Year built
    1955
    Property type
    Commercial real estate

    Description

    This exceptional commercial land parcel, located at 4510 W Second Street in Roswell, New Mexico, presents a unique investment opportunity. The property boasts a sizable 7,475 square foot lot, offering significant potential for development. Situated in Chaves County, with a convenient Roswell address and zip code 88201, this location provides excellent accessibility and visibility. The land is classified as both Commercial and Retail, making it suitable for a variety of uses. Built in 1955, the property offers a blank canvas for a new construction project or redevelopment. The asking price for this prime commercial land is $150,000. Given its size and location in a growing area of Roswell, this property represents a strong investment prospect for those seeking to establish a new business or expand an existing one. The property's coordinates are 33.3937281 latitude and -104.5881704 longitude, allowing for easy location verification and mapping. This is a rare opportunity to acquire a substantial piece of commercial real estate in a desirable Roswell location. 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
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.5881704
    Latitude
    33.3937281

    Comparable in this City

    • New
      $250,000
      4,397 SF

      Roswell Retail Property with Bay

      Prime Roswell retail property featuring storefront, restrooms, and fenced lounge.
      314 N Richardson Ave, Roswell, NM 88201
      View Details
    • $125,000
      0.48 Acres

      Roswell Land For Sale

      Commercial land available in Roswell, New Mexico.
      103 N Delaware Ave, Roswell, NM 88201
      View Details
    • Contact for pricing
      5,249 SF

      Commercial Property in High-Traffic Area

      Commercial property suitable for redevelopment in a high-traffic location.
      1422 W 2Nd St, Roswell, NM 88201
      View Details
    • Contact for pricing
      0.58 Acres

      Roswell Land For Sale

      Three adjacent lots totaling 0.57 acres in Roswell, NM.
      Ocotillo Ave, Roswell, NM 88201
      View Details

    Similar Nearby for Sale

    • New
      $250,000
      4,397 SF

      Roswell Retail Property with Bay

      Prime Roswell retail property featuring storefront, restrooms, and fenced lounge.
      314 N Richardson Ave, Roswell, NM 88201
      View Details
    • $125,000
      0.48 Acres

      Roswell Land For Sale

      Commercial land available in Roswell, New Mexico.
      103 N Delaware Ave, Roswell, NM 88201
      View Details
    • Contact for pricing
      5,249 SF

      Commercial Property in High-Traffic Area

      Commercial property suitable for redevelopment in a high-traffic location.
      1422 W 2Nd St, Roswell, NM 88201
      View Details
    • Contact for pricing
      0.58 Acres

      Roswell Land For Sale

      Three adjacent lots totaling 0.57 acres in Roswell, NM.
      Ocotillo Ave, Roswell, NM 88201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Roswell Mall Retail Opportunity

      Retail spaces available within Roswell Mall with national retailers.
      4501 North Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Space Available

      Retail space available in Roswell Mall with national retailers.
      4501 North Main St, Roswell, NM 88201
      View Details
    • Contact for pricing
      24,964 SF

      Roswell Mall Retail Space

      Retail space available within the Roswell Mall.
      4501 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Retail Spaces Available

      Retail spaces available for lease in Roswell, New Mexico.
      2901 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Destination

      Retail spaces available in Roswell Mall with national retailers.
      Roswell Mall, Roswell, NM 88201
      View Details
    • Contact for pricing
      3,029 SF

      Retail Space on Signalized Corner

      Retail property suitable for fast food or financial institution.
      3211 N Main St, Roswell, NM 88201
      View Details
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    Roswell, NM 88201
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    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
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