1617 Silver Heights BlvdSilver City, NM 88061

Property Details for 1617 Silver Heights Blvd

Year built

1950

Lot size

0.97 AC

Property size (Sq ft)

11,508 SF

Property type

Retail properties

Property subtype

Retail space

APN

3-081-102-103-410

APU

3081102103410

Description

This exceptional investment opportunity presents a fully occupied 12-unit retail shopping plaza in Silver City, New Mexico. Located at the high-traffic intersection of Hwy 180 and Hwy 90, this property boasts unparalleled visibility and consistent demand. Built in 1950, the Pinon Plaza sits on a substantial 42,383 square foot lot and offers a diverse portfolio of tenants, generating a robust and immediate income stream. The asking price is $721,000, representing a compelling 9.5% capitalization rate, indicating significant growth potential. Impeccably maintained, this property offers a secure investment with a proven track record of success. The strategic location and high visibility ensure sustained tenant occupancy and a steady flow of customers. This is an ideal opportunity for investors seeking a strong return on investment in a thriving New Mexico market. The property's address is 1617 Silver Heights Boulevard, Silver City, NM 88061, Grant County. This fully occupied retail center presents a rare chance to acquire a stable, high-performing asset with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,676,180

  6.5%

  $1,547,243

  7%

  $1,436,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,825,626

  Geo Method

  $4,825,626

• Alternative Use

  Use

  Valuation

  Residential

  $1,305,158

  Hospitality

  $1,195,517

  Educational

  $994,656

  Medical

  $1,028,864

  Retail

  $1,547,243

Location Insight

City

Silver City

County

Grant

State

New Mexico

Latitude

32.7822

Longitude

-108.273

CBSA code

43500

CBSA name

SILVER CITY, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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