High-Visibility Retail
For Sale
$1,350,000
11807 NM 337, Tijeras, NM 87059
SINGLE_FAMILY - Tijeras, NM
Property Size4,468 SF
Lot Size1.00 Acre
Price / SF$302.15
Days on Market1035
Property Features for 11807 NM 337
General Information
Property type
Residential
Property subtype
Retail
Zoning description
CB-1
Parking
36
Security features
Security
Directions
Driving East on Interstate i40, Get off on Tijeras Exit, Pass NM Hwy 333 Light, Property is on the North Side frontage on NM-Hwy 337.
Subdivision
230 - South of I-40
Standard status
Active
APN
102805736226010101
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
LEGAL DESCRIPTION: FOR PARCEL BA CERTAIN TRACT OF LAND SITUATED WTHIN THE CANON DE CANUE GRANT, PROJECTED SECTION 22. TOWNSHIP 10 NORTH, RANGE 5 EAST OF TIJERAS, BERNALILLO COUNTY, NEW MEXICO BEING MORE DESCRIBED TRACT, BEING A POINT ON THE WESTERLY LINE OF NEW MEXICO STATE ROAD NO. 337, WHENCE THE NORTHWEST CORNER OF LOT NUMBERED ONE (1)OF THE SANDRA ADDITION, AS FILED IN THE OFFICE OF THE COUNTY CLERK OF BERNALILLO COUNTY, NEW MEXICO ON SEPTEMBER 10, 1946 IN VOLUME C1, FOLIO 186 BEARS S 422
Tax Annual Amount
3321
Legal Description
LEGAL DESCRIPTION: FOR PARCEL BA CERTAIN TRACT OF LAND SITUATED WTHIN THE CANON DE CANUE GRANT, PROJECTED SECTION 22. TOWNSHIP 10 NORTH, RANGE 5 EAST OF TIJERAS, BERNALILLO COUNTY, NEW MEXICO BEING MORE DESCRIBED TRACT, BEING A POINT ON THE WESTERLY LINE OF NEW MEXICO STATE ROAD NO. 337, WHENCE THE NORTHWEST CORNER OF LOT NUMBERED ONE (1)OF THE SANDRA ADDITION, AS FILED IN THE OFFICE OF THE COUNTY CLERK OF BERNALILLO COUNTY, NEW MEXICO ON SEPTEMBER 10, 1946 IN VOLUME C1, FOLIO 186 BEARS S 422
Utilities
Heating system
Natural Gas
Building Details
Floors in Building
1
Building materials
Frame
Listing Agency:
Berkshire Hathaway NM Prop · Berkshire Hathaway HomeServices
(505) 798-6300
Listed By:
Jacob E Lopez · License #50903
(505) 328-5156
Added: Sep 30, 2023
Changed: Jul 17
Last Checked: Jul 30 at 1:06PM
MLS# 1107460
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2020, this retail building offers an ADA-compliant buildout and a turn-key interior suitable for retail use. The property includes 3-phase electricity, a dual HVAC system, and power to a future monument sign. Site improvements include a built-out turn lane for ingress/egress and 36 parking spaces on approximately 1 frontage acre.
The building has frontage on NM Highway 337 with reported visibility and significant traffic exposure of 64,000 vehicles per day. It is also less than a mile from Interstate I-40, supporting convenient access for customers and deliveries. The property is zoned CB.
For sale as a single retail structure with dedicated parking, utilities, and highway frontage, this asset is positioned for continued retail development along the NM 337 corridor.
The building has frontage on NM Highway 337 with reported visibility and significant traffic exposure of 64,000 vehicles per day. It is also less than a mile from Interstate I-40, supporting convenient access for customers and deliveries. The property is zoned CB.
For sale as a single retail structure with dedicated parking, utilities, and highway frontage, this asset is positioned for continued retail development along the NM 337 corridor.
Key Highlights
- 4468 SF retail building built in 2020 with frame construction
- Located on NM Highway 337 with 64,000 VPD and less than 1 mile from I‑40
- Situated on a 1‑acre site with 36 parking spaces plus a built‑out turn lane for ingress/egress
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.4k | $18.00 |
| − Vacancy | −$3.5k | −$0.77 |
| EGI | $77.0k | $17.23 |
| − OpEx | −$23.1k | −$5.17 |
| NOI | $53.9k | $12.06 |
4,468 SF · lease $18.00/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$769.7K
$673.5K – $897.9K
NOI $53,876 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,100 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
64,000 VPD
Traffic count
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
3,813 visits/mo
0.1 miles
Demographics for 87059, NM
9,366
Population
4,436
Households
2.1
Avg Household Size
52
Median Age
41%
College-Educated
98%
High-School Grad
141.6 sq mi
ZIP Area
66
Density / Sq Mi
$89,267
Median Household Income
$45,633
Median Earnings
$1,218
Median Rent
$322,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Constructed in 2020, the retail building offers ADA-compliant access, 36 parking spaces, and frontage along NM Highway 337.
Where is this retail space located?
The property is located at 11807 NM 337 Tijeras, NM.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4468 SF retail building built in 2020 with frame construction; Located on NM Highway 337 with 64,000 VPD and less than 1 mile from I‑40; Situated on a 1‑acre site with 36 parking spaces plus a built‑out turn lane for ingress/egress
