Commercial real estate in New Mexico
Search commercial real estate records in New Mexico to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through New Mexico commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.
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Popular searches around New Mexico
Reonomy operates the most comprehensive database for New Mexico Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of New Mexico commercial real estate professionals. Members from New Mexico include brokers, investors and service providers, many of whom specialize in New Mexico Commercial Real Estate.
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New Mexico commercial real estate sold prices and values
The average assessed value of commercial real estate properties in New Mexico is $42,799. Commercial real estate sale prices in New Mexico have a median of $154,912. The last 24 months of sales history has seen 32,000 sales, with 8,381 sales greater than $250,000, 1,171 sales valued at over $1,000,000, and 159 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in New Mexico over the last 24 months is $115.
| Values and sold prices (last 24 months) | United States | New Mexico |
|---|---|---|
| Average price/sqft | $1,344 | $137 |
| Median price/sqft | $115 | $115 |
| Average sold price | $1,162,392 | $432,387 |
| Median sold price | $191,467 | $154,912 |
| Number of sales | 3,863,764 | 32,000 |
| Number of sales over $250k | 1,613,612 | 8,381 |
| Number of sales over $1m | 389,810 | 1,171 |
| Number of sales over $10m | 58,005 | 159 |
| Average total tax amount | $5,906 | $1,590 |
| Average assessed value | $273,996 | $42,799 |
| Average market value | $321,051 | $133,161 |
New Mexico commercial real estate property averages
The average lot size of commercial real estate properties in New Mexico is 15,021 sf. This is 48% below the United States average.
| Property averages | United States | New Mexico |
|---|---|---|
| Average lot size | 819,068 sf | 684,074 sf |
| Median lot size | 24,646 sf | 15,021 sf |
| Average building area | 1,164 sf | 182 sf |
| Median building area | 73 sf | 101 sf |
| Median year built | 1970 | 1985 |
| Average number of units | 16 | 39 |
| Median number of units | 2 | 6 |
New Mexico commercial real estate total supply
There are 969,748 commercial real estate properties in New Mexico. This is 193% below the United States average. The total acerage is 6,753,070 acres and the aggregate building area for commercial real estate properties in New Mexico is 12,182,127 sf.
| Supply | United States | New Mexico |
|---|---|---|
| Number of parcels | 57,284,908 | 969,748 |
| Aggregate lot acerage | 882,586,122 | 6,753,070 |
| Aggregate building area | 8,038,750,738 sf | 12,182,127 sf |
| Aggregate units | 87,804,464 | 325,865 |
New Mexico commercial real estate industrial mortgages
There are 487,454 mortgages for commercial real estate properties across New Mexico in the Reonomy database. The average value of those mortgages is $1,653,061. This is 104% below the United States average.
| Debt | United States | New Mexico |
|---|---|---|
| Number of mortgages | 38,333,712 | 487,454 |
| Average value of mortgages | $5,270,730 | $1,653,061 |
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