Property profile

929 Canal St Carlsbad, NM 88220

OFF-MARKET
Retail properties & Spaces
Property ID
US61-0519035
Built 1925
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 929 N Canal Street in Carlsbad, New Mexico, presents a unique investment opportunity. The property, built in 1925, sits on a substantial 9,000 square foot lot and offers a versatile blend of land and building space, ideal for a variety of commercial uses. The existing building boasts approximately 1600 square feet of usable space, perfectly suited for retail or office operations. The interior layout includes six individual office spaces, providing ample room for a growing business or multiple tenants. Convenience is enhanced by the inclusion of two restrooms, a dedicated kitchen area, and a basement offering valuable additional storage space. A privacy counter in the front lobby area adds a professional touch. The property's high visibility location on North Canal Street ensures excellent exposure to potential customers and clients. Priced at $325,000, this turnkey property represents a compelling investment in a thriving New Mexico community. The property's size and features make it an attractive option for entrepreneurs and investors alike, offering both immediate occupancy and significant long-term potential. Don't miss this chance to acquire a well-established commercial property in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. The address is 929 N Canal Street, Carlsbad, NM 88220.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1925
UPID US61-0519035

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Freight Service Logistics Company
  • Accounting Firm Tax Preparation

Location

929 Canal St Carlsbad, NM 88220
Carlsbad metro
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 929 Canal St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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