912 1St StBloomfield, NM 87413
- Self service car washes
- 5,693 SF
Property Details for 912 1St St
- Year built
- 2007
- Lot size
- 1.07 AC
- Property size (Sq ft)
- 5,693 SF
- Property type
- Self service car washes
- APN
- 2063171248056
- APU
- 2063171248056
Description
This exceptional investment opportunity encompasses five distinct, income-generating properties strategically located in the heart of Bloomfield, New Mexico, within the Four Corners region. The portfolio includes a thriving truck wash, a de-mudding wash, two car washes, a substantial 108-unit mini-storage facility, a manufactured home, and a large shop. This is a rare chance to acquire a diverse and established business portfolio in a single transaction. Each parcel is individually addressed, with locations including 1600 W Broadway, 1945 W Broadway, 101 Ruth, 1019 W Broadway, and 912 N 1st Street. The sale is contingent on the purchase of all five parcels. Individual cap rates for each business range from a strong 5.7% to an impressive 10.88%. The combined cap rate for the entire portfolio is a solid 6.18%, offering a compelling return on investment. The total land area comprises 1.07 acres. This turnkey portfolio presents a significant opportunity for an investor seeking immediate cash flow and substantial long-term growth potential in a dynamic market. The properties are sold as a package deal, providing a unique opportunity to acquire a diverse and established business portfolio in a single transaction. This is a rare chance to own multiple established businesses in the Four Corners area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,239,890
- 6.5%
- $1,144,510
- 7%
- $1,062,760
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,312,360
- Geo Method
- $489,170
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,247,930
- Mixed-Use / Specialty
- $1,133,960
- Hospitality / Lodging
- $823,523
- Office
- $1,120,480
- Institutional / Educational
- $1,176,550
- Residential Income
- $1,376,560
- Multifamily
- $1,686,860
- Automotive / Energy
- $1,008,470
- Parking / Income-Based Land
- $354,406
- Restaurant / Food Service
- $575,967
- Healthcare / Senior Housing
- $1,169,490
Location Insight
- City
- Bloomfield
- County
- San Juan
- State
- New Mexico
- Latitude
- 36.72
- Longitude
- -107.979
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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