1628 Silver Heights BlvdSilver City, NM 88061

  • Office properties
  • 1,766 SF
For Sale
$399,000 View listing

Property Details for 1628 Silver Heights Blvd

Year built
1958
Lot size
0.25 AC
Property size (Sq ft)
1,766 SF
Property type
Office properties
Property subtype
Office buildings
APN
3-081-102-085-433
APU
3081102085433

Description

This exceptional commercial property, located at 1628 Silver Heights Boulevard in Silver City, New Mexico, presents a unique investment opportunity. Situated on a substantial 10,454.4 square foot lot, this versatile building, constructed in 1958, boasts high visibility and high traffic due to its prime location on Highway 180. The property features a main building that has served as a successful real estate office since 1991, offering ample space for various commercial uses. The interior includes three conveniently located bathrooms, catering to diverse business needs. The property also includes a large parking lot and a separate storage building, providing additional convenience and functionality. Recent upgrades include fresh exterior paint and new carpeting installed in 2022. A lighted marquee offers excellent advertising potential. The adaptable layout allows for a single large office space accommodating up to ten desks, or it can be easily configured into three independent offices, each with its own private entrance and bathroom. A security system is included with the sale. City utilities are readily available. This property's combination of location, size, and recent improvements makes it an ideal investment for a variety of commercial ventures. The zip code is 88061.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $174,982
    6.5%
    $161,522
    7%
    $149,985
  • Comparable approach

    Method
    Valuation
    Relative Method
    $293,862
    Geo Method
    $293,862
  • Alternative Use

    Use
    Valuation
    Residential
    $200,287
    Hospitality
    $183,462
    Educational
    $152,638
    Medical
    $157,888
    Retail
    $237,438
1628 Silver Heights Blvd, Silver City, New Mexico

Location Insight

City
Silver City
County
Grant
State
New Mexico
Latitude
32.7819
Longitude
-108.272
CBSA code
43500
CBSA name
SILVER CITY, NM MICROPOLITAN 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
$1,467
$28,808
$32,111
$60,919
-
$86,424
$96,332
$182,756

FAQs

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