912 1St StBloomfield, NM 87413

  • Retail properties
  • 5,693 SF
For Sale
$850,000 View listing

Property Details for 912 1St St

Year built
2007
Lot size
1.07 AC
Property size (Sq ft)
5,693 SF
Property type
Retail properties
Property subtype
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%
    $1,574,441
    6.5%
    $1,453,330
    7%
    $1,349,521
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,179,943
    Geo Method
    $1,185,296
  • Alternative Use

    Use
    Valuation
    Residential
    $1,225,938
    Hospitality
    $1,122,953
    Educational
    $934,284
    Medical
    $966,415
    Retail
    $1,453,330
912 1St St, Bloomfield, New Mexico

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

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
$6,169
-
-
$178,750
-
-
-
$536,248

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