Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 George Ct Edgewood, NM 87015

    View on Map
    Sponsored
    For Sale
    $545,000

    SINGLE_FAMILY - Edgewood, NM

    Type:Retail
    Property size:
    3,400 SF
    Lot size:
    0.70 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 7 at 7:06 pm

    Property Features for 3 George Ct

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    099001240
    Parking
    8
    Parking features
    Leased
    Size
    3,400 SF
    Lot size
    0.70 Acres

    Building Details

    Floors in Building
    1
    Building materials
    Frame, Stucco

    We can help!

    Listing Contact
    Toni-Lei Renee Ponic
    Toni-Lei Renee Ponic

    Couture Brokerage (505) 321-3259

    Listing agent Toni-Lei Renee Ponic (505) 321-3259 License #15258

    Listing date Mar 7, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Edgewood Commercial Building For Sale

    This well-maintained commercial building is located in a prime business area and contains 6 units. The building provides a total of 3,400 square feet of space. There are 8 designated parking spaces available, providing convenient access. The property also includes 10 individual storage units, offering secure storage solutions. The lot size is 0.7 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Route 66 Coffee ... Cafe & Coffee Shop Joseph Campbell Law ... Law Firm Lash Beauty Barn Hair Salon American Dream Realty Loan Service The Water Store General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.198994
    Latitude
    35.065411

    Nearby Similar for Sale

    • $225,000
      1.12 Acres

      Sandia Airpark Hangar on Acreage

      2,000 SF hangar on 1.12 acres in Sandia Airpark.
      86 Blanco Dr, Edgewood, NM 87015
      View Details
    • New
      Contact for pricing
      1.00 Acre

      Land For Sale, Edgewood, NM

      One acre of land available in Edgewood, New Mexico.
      10 Glacier Trl, Edgewood, NM 87015
      View Details
    • $36,700
      1.00 Acre

      Land For Sale, Edgewood, NM

      Land available for purchase in Edgewood, New Mexico.
      5 Drum Rd, Edgewood, NM 87015
      View Details
    • $980,000
      3,600 SF

      Medical Office Investment Opportunity

      NNN leased medical office building for sale in Edgewood.
      1851 S Rt. 66, Edgewood, NM
      View Details
    • Contact for pricing
      5,000 SF

      Functional Office with Secured Yard

      Office space with parking, secured yard, and solar panels.
      21 Main St, Edgewood, NM 87015
      View Details
    • $2,215,000
      4.50 Acres

      Edgewood Commercial Corner Lot

      High-visibility, 4.5-acre C-1 zoned lot.
      12 Edgewood 7, Edgewood, NM 87015
      View Details
    • $1,699,999
      4,701 SF

      Edgewood, NM Restaurant - $1.7M

      Former Denny's, turnkey, high-traffic location.
      60 Nm-344, Edgewood, NM 87015
      View Details

    FAQs

    What type of property is this?
    Retail space - Well-maintained 6-unit commercial building with parking and storage.
    Where is this retail space located?
    The property is located at 3 George Ct Edgewood, NM.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Prime business area location; - 3,400 square feet of commercial space; - Six-unit commercial building
    (505) 321-3259
    Request Owner's contact information
    3 George Ct Edgewood, NM 87015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 George Ct
    Edgewood, NM 87015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 George Ct Edgewood, NM 87015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Toni-Lei Renee Ponic
    Toni-Lei Renee Ponic
    Real Estate License ID: 15258
    (505) 321-3259
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!