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709 Broadway Ave Bloomfield, NM 87413-5706

OFF-MARKET Retail space Google Maps
6,830 SF 0.67 ac lot Built 2016
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$680k
Range $612k – $748k (±10%)
Property ID US61-0364289

Property summary

AI-generated overview

This vacant commercial land parcel, located at 709 W Broadway Ave in Bloomfield, New Mexico, presents a unique development opportunity. Situated in San Juan County, this single-tenant site boasts exceptional visibility and accessibility, with exposure to approximately 15,000 vehicles daily. Its strategic location on Broadway Ave, with convenient access from Frontier St, makes it ideal for businesses targeting both commuter and traveler traffic. The property is perfectly positioned for quick-service restaurants (QSRs) and auto-related businesses, given its proximity to national tenants. The flexible zoning allows for a wide variety of commercial uses, providing significant development flexibility. A shared detention pond is located at the rear of the property. The owner is open to considering build-to-suit options for qualified users, making this an attractive proposition for developers and businesses seeking a turnkey solution. The property's zip code is 87413. This is a development-ready site with significant potential for growth and return on investment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2016
Total area 6,830 SF
Lot 0.67 ac (29,185 SF)
APN 2063170486243
UPID US61-0364289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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