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    Property profile & analytics

    506 Broadway Ave Bloomfield, NM 87413-5701

    • Turn key restaurants
    • 3,725 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 10, 2020
    Location Intelligence
    Property ID
    US61-0501084
    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

    • Turn key restaurants

    Property Details for 506 Broadway Ave

    Year built
    1957
    Lot size
    0.37 lot acres
    Property size
    3,725 SF
    Property type
    Turn key restaurants
    APN
    2063170449282
    APU
    2063170449282

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.985
    Latitude
    36.7117
    CBSA code
    22140
    CBSA name
    FARMINGTON, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,369
    $0.00
    $0.00
    $69,392
    -
    $0.00
    $0.00
    $208,176

    Comparable in this City

    • Value Estimation by Request
      2,096 SF

      2008 Broadway Ave

      RESTAURANT • 2,096 SF
      2008 Broadway Ave, Bloomfield, NM 87413-6762
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    • Value Estimation by Request
      1,080 SF

      1301 1st St

      RESTAURANT • 1,080 SF
      1301 1st St, Bloomfield, NM 87413-5275
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    • Value Estimation by Request
      3,750 SF

      510 Bloomfield Blvd

      RESTAURANT • 3,750 SF
      510 Bloomfield Blvd, Bloomfield, NM 87413-6136
      View Details
    • Value Estimation by Request
      4,700 SF

      1100 Broadway Ave

      RESTAURANT • 4,700 SF
      1100 Broadway Ave, Bloomfield, NM 87413-5730
      View Details
    • Value Estimation by Request
      7,128 SF

      319 Bloomfield Blvd

      RESTAURANT • 7,128 SF
      319 Bloomfield Blvd, Bloomfield, NM 87413-6135
      View Details
    • Value Estimation by Request
      3,663 SF

      506 Bloomfield Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,663 SF
      506 Bloomfield Blvd, Bloomfield, NM 87413-6136
      View Details

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    506 Broadway Ave
    Bloomfield, NM 87413-5701
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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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