Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    801 Broadway Ave Bloomfield, NM 87413-5708
    Back to Search
    Property profile & analytics

    801 Broadway Ave, Bloomfield, NM 87413-5708

    View on Map
    • Motels
    • 3,420 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US61-0387033
    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

    • Motels

    Property Details for 801 Broadway Ave

    Year built
    1970
    Lot size
    0.56 lot acres
    Property type
    Motels
    APN
    2064170006251
    APU
    2064170006251

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2021 — Ishwarkrupa LLC — Deed · related $50k · Four Corners Community Bank
    Aug 27, 2020 — Ishwarkrupa LLC — Deed · related $28k · Four Corners Community Bank
    May 2, 2014 — Ishwarkrupa LLC Dhansukhbhai Hirabhai Patel Warranty Deed $240k · Four Corners Community Bank
    Oct 13, 2011 — Dhansukhbhai Hirabhai Patel Ashvin D Waland Warranty Deed —

    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
    Bloomfield
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.988
    Latitude
    36.7108
    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
    $3,101
    $0.00
    $0.00
    $88,868
    -
    $0.00
    $0.00
    $266,603

    Comparable in this City

    • Value Estimation by Request
      36,646 SF

      415 Bloomfield Blvd

      MOTEL
      415 Bloomfield Blvd, Bloomfield, NM 87413-3057
      View Details
    • Value Estimation by Request
      16,204 SF

      525 Broadway Ave

      MOTEL
      525 Broadway Ave, Bloomfield, NM 87413-5702
      View Details
    • Value Estimation by Request

      Xxx Illinois

      Land
      0 Xxx Illinois, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request

      1927/1929 Broadway Ave

      Land
      1927/1929 Broadway Ave, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request

      Tbd Ferrari Rnch Rd

      Land
      0 Tbd Ferrari Rnch Rd, Bloomfield, NM 87413
      View Details
    • Value Estimation by Request
      1,131 SF

      Maple St

      FARM SUPPLY & EQUIPMENT
      Maple St, Bloomfield, NM 87413
      View Details

    Similar Nearby for Sale

    • $450,000
      3.54 Acres

      Bloomfield Multi-Business Portfolio

      Five established businesses, high cap rate.
      101 Ruth Ln, Bloomfield, NM 87413
      View Details
    • Contact for pricing

      Highway Frontage Commercial Land

      Prime 1.78-acre commercial land with highway frontage in Bloomfield, NM.
      1 Ferrari Rnch Rd, Bloomfield, NM 87413
      View Details
    • $230,000
      3,640 SF

      Bloomfield Commercial Property Portfolio

      Five-parcel commercial property portfolio in Bloomfield, New Mexico for sale.
      1019 W Broadway Blvd, Bloomfield, NM 87413
      View Details
    • $550,000
      43.15 Acres

      Bloomfield Land Overlooking San Juan

      Four-tract land parcel overlooking the San Juan River.
      Nya Sullivan Rd, Bloomfield, NM 87413
      View Details
    • $250,000
      160.00 Acres

      Undeveloped Land North of Bloomfield

      160 acres of undeveloped land with open space.
      Rd 5030, Bloomfield, NM 87413
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bloomfield Commercial Land for Lease

      Approximately 35 acres of divisible commercial land for lease.
      200 Louisiana, Bloomfield, NM 87413
      View Details
    • Contact for pricing

      Land For Rent

      Land available for single tenant occupancy.
      1504 W Broadway Ave, Bloomfield, NM 87413
      View Details
    • Contact for pricing

      Industrial Facility with Covered Storage

      Spacious industrial facility with shop, storage, and ample yard.
      201 Missouri, Bloomfield, NM 87413
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 Broadway Ave
    Bloomfield, NM 87413-5708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    801 Broadway Ave, Bloomfield, NM, 87413
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!