Bloomfield, NM High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Bloomfield, New Mexico Market population: 8K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Bloomfield NM Properties: 0.8700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Bloomfield NM
Common questions from investors exploring commercial real estate in Bloomfield NM.
What's the overall investment climate like in Bloomfield, NM?
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Bloomfield's 20.1% poverty rate and $45,819 median household income suggest a working-class market, but the 90.2% health insurance coverage and 23.4-minute average commute time indicate a relatively stable population with access to employment and healthcare, making it an attractive option for investors looking for a mix of affordability and stability.
How does the local economy impact real estate demand in Bloomfield?
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The top industries in Bloomfield, including Health Care & Social Assistance, Retail Trade, and Public Administration, drive demand for housing, while the city's ethnic diversity, with 34.5% White, 24.5% White Non-Hispanic, and 20.3% Hispanic populations, contributes to a vibrant community, and the 68.2% homeownership rate suggests a strong sense of community and potential for long-term investment growth.
What are the key factors to consider when evaluating rental yields in Bloomfield?
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When assessing rental yields in Bloomfield, consider the 26.3% rent burden, which indicates that renters may have limited budget flexibility, but the 90.2% health insurance coverage and low 23.4-minute average commute time suggest a stable tenant base, and the $143,400 median property value provides a solid foundation for rental income potential.
How does the city's demographic profile influence its real estate market?
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Bloomfield's relatively young population, with a median age of 31.4, and 14.1% foreign-born rate, contributes to a dynamic and diverse community, while the 0.421 Gini coefficient indicates a moderate level of income inequality, but the strong employment numbers, with 3,444 employed residents, and top industries like Health Care & Social Assistance, suggest a resilient economy that can support real estate growth.
What role do quality-of-life metrics play in determining Bloomfield's investment potential?
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The city's 23.4-minute average commute time, low unemployment rate of 5.6%, and high 90.2% health insurance coverage rate all contribute to a high quality of life, which can attract and retain residents, and the $1,942 median property taxes and $143,400 median property value provide a relatively affordable investment opportunity, making Bloomfield an attractive option for investors seeking a balance of affordability, stability, and growth potential.
Bloomfield NM Real Estate & City Facts
Key facts and real estate information about Bloomfield NM.
What are some of the best neighborhoods to live in Bloomfield?
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Some of the best neighborhoods to live in Bloomfield include Mesa Manzano, which is known for its family-friendly atmosphere and mix of modest homes and open spaces. Other neighborhoods, such as those near the city center, offer a range of housing options and amenities. It's worth noting that Bloomfield has a diverse range of neighborhoods, each with its own unique character, so it's a good idea to research and visit different areas to find the one that best fits your needs and preferences.
What are some fun things to do in Bloomfield?
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Bloomfield has a range of fun things to do, including visiting the Salmon Ruins, a historic archaeological site, and exploring the Angel Peak Scenic Area. The city is also close to the Bisti/De-Na-Zin Wilderness and the Ah-Shi-Sle-Pah Wilderness Study Area, which offer opportunities for hiking and outdoor adventure. Additionally, the city has a number of parks and recreational facilities, such as the Bloomfield Recreation Center, which offers sports leagues, fitness classes, and other activities.
What is the food scene like in Bloomfield?
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The food scene in Bloomfield is diverse and offers a range of options, from traditional New Mexican cuisine to international flavors. Some popular restaurants in the area include Grandma's Kitchen, Panda Garden Chinese Restaurant, and Papa Nachos. There are also plenty of great food trucks and casual eateries, such as Roadside Restaurant and Santy's, that serve up delicious burgers, sandwiches, and other American classics. For a taste of the local culture, be sure to try some of the traditional New Mexican dishes, such as green chile stew or posole.
What are the pros and cons of living in Bloomfield?
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The pros of living in Bloomfield include its small-town charm, outdoor recreational opportunities, and affordable cost of living. The city also has a strong sense of community, with a number of festivals and events throughout the year, such as the Bloomfield Fiesta and the San Juan County Fair. However, some cons of living in Bloomfield include its limited job opportunities and lack of amenities, such as shopping centers and entertainment venues, compared to larger cities. Additionally, the city's remote location can make it difficult to access certain services and amenities, such as healthcare and education.
Is Bloomfield a good place to live?
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Whether or not Bloomfield is a good place to live depends on your individual preferences and priorities. If you're looking for a small-town lifestyle with a strong sense of community and outdoor recreational opportunities, Bloomfield may be a great fit. However, if you're looking for a more urban lifestyle with a wider range of amenities and job opportunities, you may want to consider other options. Ultimately, Bloomfield is a unique and charming city that offers a range of benefits and drawbacks, and it's worth visiting and getting to know the area before making a decision about whether it's the right place for you to live.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Bloomfield NM Commercial Property: $45,819
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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