6-Unit Storefront
For Sale
$520,000
3 George Court, Edgewood, NM 87015
CommercialSale, Edgewood, NM
Property Size3,400 SF
Lot Size0.70 Acres
Price / SF$152.94
Days on Market230
Property Features for 3 George Court
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Parking
8
Parking features
Leased
Directions
I40 East to Edgewood. Head right to NM 333 Turn right. Take to George Court. Turn right
Subdivision
260 - South 217
Standard status
Active
APN
099001240
Lot size
0.70 Acres
Taxes and HOA fees
Tax Annual Amount
4892
Amenities
storage units
Building Details
Floors in Building
1
Building materials
Frame, Stucco
Listing Agency:
Couture Brokerage
(505) 321-3259
Listed By:
Toni-Lei Renee Ponic · License #15258
(505) 421-0817
Added: Feb 19
Changed: Sep 2
Last Checked: Oct 7 at 9:06AM
MLS# 1099485
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 storefront property at 3 George Court comprises a 6-unit commercial building totaling 3,400 square feet. The site includes 10 individual storage units, providing separate on-site storage space associated with the property. Construction materials include frame and stucco.
The property occupies 0.7 acres in Edgewood, New Mexico, with 8 designated parking spaces available for the building. Parking is identified as leased in the property details.
The property occupies 0.7 acres in Edgewood, New Mexico, with 8 designated parking spaces available for the building. Parking is identified as leased in the property details.
Key Highlights
- 6‑unit commercial building with 3,400 square feet
- 10 individual storage units on site
- 8 designated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,118
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
$862.4K
Cap Rate 7%
$615,971
$616.0K
Cap Rate 9%
$479,089
$479.1K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$67.3K $19.80/SF
− Vacancy
−$5.7K −$1.68/SF
EGI
$61.6K $18.12/SF
− OpEx
−$18.5K −$5.44/SF
NOI
$43.1K $12.68/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
Cap Rate 7%
$615,971
Cap Rate 9%
$479,089
Alternative Uses
Best Use
Retail
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.2K
$807.8K – $1.08M
NOI $64,627 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Starbucks
Dining
11,924 visits/mo
0.5 miles
Demographics for 87015, NM
12,833
Population
6,593
Households
1.9
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
131.6 sq mi
ZIP Area
98
Density / Sq Mi
$72,681
Median Household Income
$48,270
Median Earnings
$891
Median Rent
$263,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with designated parking and on-site storage units.
Where is this storefront property located?
The property is located at 3 George Court Edgewood, NM.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 6‑unit commercial building with 3,400 square feet; 10 individual storage units on site; 8 designated parking spaces
