Buying In Clovis, NM
Sell Your Commercial Property In Clovis, NM
From Downtown Clovis to Texico, we buy Clovis multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown Clovis · Portales · Texico · Cannon Air Force Base area — Curry County, NM
Market Snapshot
Renter Demand In Clovis
Clovis, in Curry County, had 37,942 residents in ACS 2020-2024, with median household income of $54,820 against $64,059 statewide. Clovis renters number 5,662 households, 37.9% of occupied homes, at a median $988 a month.
Owners who plan to sell commercial property in Clovis, NM face buyers who check a few numbers first. HUD's FY2027 two-bedroom fair market rent for Curry County is $1,151. The 2025 Clovis residential tax rate is 25.267 mills, and Clovis rental vacancy was 7.3% in ACS 2020-2024.
Cannon Air Force Base
Cannon sits eight miles west of Clovis; about 6,500 military and civilian personnel work at Cannon and Melrose.Clovis Community College
Clovis Community College reported an unduplicated headcount of 9,110 students in fall 2023 in its institutional effectiveness report.Plains Regional Medical Center
Plains Regional Medical Center in Clovis serves eastern New Mexico and West Texas, about 90 miles from Amarillo and Lubbock.Our Buy Box
What We Buy In Clovis
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Clovis Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Clovis
Renters occupy 37.9% of Clovis homes, 5,662 of 14,957 households, per ACS 2020-2024 table B25003. Clovis has 1,276 homes in buildings of five or more units, 7.5% of its stock, per table B25024. About 60.0% of Clovis housing was built before 1980, per table B25034.
Rents and affordability in Clovis
Median gross rent in Clovis was $988 a month in ACS 2020-2024, $79 below the New Mexico median. Clovis rental vacancy was 7.3% in the same survey. About 47.8% of Clovis renter households paid 30% or more of income for housing, per table B25070.
| Unit size | HUD FY2027 FMR, Curry County, NM |
|---|---|
| Efficiency | $802 |
| 1 bedroom | $891 |
| 2 bedroom | $1,151 |
| 3 bedroom | $1,522 |
| 4 bedroom | $1,889 |
The Curry County two-bedroom rent under HUD FY2027 fair market rents is $1,151, $163 above the Clovis median. Owners who sell commercial property in Clovis, NM can show buyers that gap.
Property taxes in Curry County
A $2,000,000 Clovis apartment building would owe about $16,844.67 a year at the 2025 residential rate. The state 2025 Property Tax Facts lists Clovis district 1 In at 25.267 residential mills and 23.109 non-residential mills.
Under NMSA 7-37-3, tax applies to one-third of value, or $666,666.67 here. At 23.109 mills the same building would owe $15,406.00. Anyone planning to sell commercial real estate in Clovis, NM should expect buyers to model the 2025 rate. Valuation protests are due 30 days after the assessor mails the notice, under NMSA 7-38-24.
Landlord rules in New Mexico
Clovis cannot cap rents, because NMSA 47-8A-1 bars local ordinances that control rental rates on private property. NMSA 47-8-18 caps deposits at one month's rent on leases under one year, with itemized refunds due within 30 days.
Under NMSA 47-8-33, unpaid rent allows termination three days after written notice, and other material breaches need seven days. Buyers request these notice files when selling commercial property in Clovis.
What it means for an owner in Clovis
Clovis pairs $988 median rent with 7.3% rental vacancy and 1,276 homes in 5+ unit buildings. To sell commercial property in Clovis, NM, test your income in our cap rate calculator at the 25.267-mill rate.
If you want to sell your apartment building in Clovis, our seller page explains how we underwrite. Skyline Capital Investments buys 5+ unit buildings in Downtown Clovis and nearby Portales and Texico.
Seller Notes
Selling In Clovis
More about selling in New Mexico →Investing in Clovis? See apartment syndications in Clovis →
- ACS figures are 2020-2024 five-year estimates for Clovis city, Curry County and New Mexico.
- The $16,844.67 example applies 25.267 mills to one-third of a $2,000,000 building value.
- Before you sell commercial real estate in Clovis, NM, gather rent rolls, deposit ledgers and notice files.
Seller Guides
Selling In Clovis? Common Situations We Handle
Learn More
Taxes & Rules For Clovis Property
The New Mexico rules that shape any deal in Clovis: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Clovis Seller FAQ
How do I sell commercial property in Clovis, NM?
Sell through a broker or directly to a buyer of 5+ unit buildings. Buyers will compare your rents with the $988 Clovis median and the $1,151 Curry County two-bedroom fair market rent for FY2027. Skyline Capital Investments buys 5+ unit apartment buildings in Clovis.
What property tax will a buyer model if I sell commercial real estate in Clovis, NM?
New Mexico taxes one-third of value under NMSA 7-37-3. Clovis district 1 In carries 25.267 residential mills and 23.109 non-residential mills for 2025. On a $2,000,000 Clovis building, that equals $16,844.67 or $15,406.00 a year.
Can Clovis limit how much I raise rents?
No. NMSA 47-8A-1 bars any New Mexico political subdivision or home rule municipality from ordinances that control rental rates on privately owned property. Housing with government funding under contract to offer reduced rents to low- or moderate-income tenants is excluded.
How old are apartment buildings in Clovis?
The median Clovis home was built in 1975, against 1985 statewide, per ACS 2020-2024. About 60.0% of Clovis housing predates 1980, compared with 42.7% across New Mexico. Buyers price that age into roof, plumbing and mechanical reserves.
What should I know before I sell multifamily property in Clovis?
Rental vacancy in Clovis was 7.3% in ACS 2020-2024. Some 47.8% of renter households paid 30% or more of income on housing, and 28.7% paid half or more. Buyers weigh those figures against your collections and occupancy history.
Will you buy a Clovis property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Clovis brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Clovis, and we keep every conversation confidential.
Is it possible to sell rental property in Clovis without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Clovis?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
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