Fenced Flex Space With Highway
For Sale
$410,000
19586 Highway 314, Belen, NM 87002
CommercialSale, Belen, NM
Property Size3,200 SF
Lot Size0.65 Acres
Price / SF$128.13
Days on Market28
Property Features for 19586 Highway 314
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Parking
60
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Directions
Located on the corner of Highway 314 and Jose I Garcia.
Subdivision
740 - Los Chavez
Standard status
Active
APN
1008032101189000000
Lot size
0.65 Acres
Taxes and HOA fees
Tax Annual Amount
6519
Utilities
Cooling system
Multi Units
Building Details
Floors in Building
1
Building materials
Block, Stucco
Listing Agency:
Gerald Chavez Realty Inc
(505) 865-4671
Listed By:
Clarissa Chavez-Rivera · License #11406
(505) 450-6682
Added: Aug 7
Changed: Aug 19
Last Checked: Sep 3 at 4:06PM
MLS# 1108812
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.
This flex space occupies an approximately 0.65-acre corner parcel along Highway 314. The block-and-stucco building includes a large open interior, kitchen, ADA-compliant bathrooms, an enclosed patio measuring 16'9 X 21'6, and storage measuring 16'10 X 23. Multi-unit HVAC, city sewer, fencing, and an accessible approach with ramp are also in place.
The property has highway frontage and convenient access, with ample on-site parking. Zoned I-2 for light industrial uses, the building previously operated as an event center and includes a layout that can accommodate varied commercial operations.
The property has highway frontage and convenient access, with ample on-site parking. Zoned I-2 for light industrial uses, the building previously operated as an event center and includes a layout that can accommodate varied commercial operations.
Key Highlights
- Approximately 0.65‑acre corner parcel with Highway 314 frontage
- I‑2 zoning for light industrial uses
- Enclosed patio measuring 16'9 X 21'6
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,155
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,100
$563.1K
Cap Rate 7%
$402,214
$402.2K
Cap Rate 9%
$312,833
$312.8K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$46.1K $14.40/SF
− Vacancy
−$2.8K −$0.86/SF
EGI
$43.3K $13.54/SF
− OpEx
−$15.2K −$4.74/SF
NOI
$28.2K $8.80/SF
Area
Valencia County, NM
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,100
Cap Rate 7%
$402,214
Cap Rate 9%
$312,833
Alternative Uses
Best Use
Flex RnD
$402.2K
$351.9K – $469.3K
NOI $28,155 @ 7.0% cap · market cap 6.87%
Second Best
Industrial
$273.6K
$239.4K – $319.2K
NOI $19,152 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$661.7K
$579.0K – $772.0K
NOI $46,318 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87002, NM
21,225
Population
9,210
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
84%
High-School Grad
598.3 sq mi
ZIP Area
35
Density / Sq Mi
$51,537
Median Household Income
$30,896
Median Earnings
$859
Median Rent
$183,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - I-2-zoned commercial building with a flexible interior, enclosed patio, storage, parking, and highway frontage.
Where is this flex space located?
The property is located at 19586 Highway 314 Belen, NM.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Approximately 0.65‑acre corner parcel with Highway 314 frontage; I‑2 zoning for light industrial uses; Enclosed patio measuring 16'9 X 21'6
