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    Property profile & analytics

    515 1st St Portales, NM 88130-5925

    • Commercial real estate
    • 2,587 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Last Sale
    Sep 08, 2021
    Location Intelligence
    Property ID
    US61-1237090
    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

    • Domino's Pizza / Pizza Delivery / Chicken Wings Restaurant

    Property Details for 515 1st St

    Lot size
    0.56 lot acres
    Property size
    2,587 SF
    Property type
    Commercial real estate
    APN
    110000000616400
    APU
    110000000616400

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.341
    Latitude
    34.1833
    CBSA code
    38780
    CBSA name
    PORTALES, NM MICROPOLITAN 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
    $2,877
    $18,212
    $85,949
    $104,161
    -
    $54,635
    $257,848
    $312,483

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      Portales, NM 88130

      COMMERCIAL (GENERAL) • 0.19 Acres
      Portales, NM 88130
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    • Value Estimation by Request
      0.74 Acres

      520 18th St

      COMMERCIAL (GENERAL) • 0.74 Acres
      520 18th St, Portales, NM 88130-7234
      View Details
    • Value Estimation by Request
      0.20 Acres

      1700 Ave D D

      COMMERCIAL (GENERAL) • 0.20 Acres
      1700 Ave D D, Portales, NM 88130-7242
      View Details
    • Value Estimation by Request
      66.70 Acres

      4259 Us 70

      COMMERCIAL (GENERAL) • 66.70 Acres
      4259 Us 70, Portales, NM 88130
      View Details
    • Value Estimation by Request
      960 SF

      Portales, NM 88130

      COMMERCIAL (GENERAL) • 960 SF
      Portales, NM 88130
      View Details
    • Value Estimation by Request
      255 SF

      1244 Kilgore Ave

      COMMERCIAL (GENERAL) • 255 SF
      1244 Kilgore Ave, Portales, NM 88130-9077
      View Details

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    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      2.8k
    • Avg Time on site
      14 min
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    515 1st St
    Portales, NM 88130-5925
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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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