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Property profile & analytics
OFF-MARKET
Commercial real estate

823 Santa Fe Ave Grants, NM 87020-2458

2,206 SF 0.2 ac lot
Individually Owned 7-yr Hold Free & Clear
Property ID
US61-1203860
Property summary
AI-generated overview

This exceptional commercial property, situated at 823 Santa Fe Avenue in Grants, New Mexico, presents a unique investment opportunity. Boasting a prominent location directly on Route 66, this 2,206 square foot building offers high visibility and excellent accessibility. The property sits on a 0.2-acre lot, providing ample space for potential expansion or outdoor uses. Historically operated as a laundromat, the building's versatile layout and substantial square footage lend themselves to a wide range of commercial ventures. The interior is ready for customization to suit the needs of a new business. The property's prime location on a major thoroughfare ensures high traffic volume, providing significant exposure for any enterprise. This is an ideal opportunity for entrepreneurs seeking a well-positioned space to establish or expand their business within a thriving community. The asking price of $88,500 makes this a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. Don't miss this chance to capitalize on the vibrant energy of Route 66 and the growing Grants market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,206 SF
Lot 0.2 ac (8,625 SF)
APN 2055061157512
UPID US61-1203860
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap 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
by Request
Owner & transaction history
Joanne Serma Lapia · 7 yrs held
Joanne Serma Lapia
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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