Waterflow Commercial Property on
For Sale
$260,000
3660 US 64, Waterflow, NM 87421
COMMERCIAL - Waterflow, NM
Property Size2,988 SF
Lot Size2.95 Acres
Price / SF$87.01
Days on Market310
Property Features for 3660 US 64
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
None/County
Directions
US 64 to Waterflow property is directly west of the Waterflow stop light and adjacent to the new Dollar General and Sweet Meat on the north side of the HWY.
Subdivision
Waterflow
Standard status
Active
Size
2,988 SF
Lot size
2.95 Acres
Taxes and HOA fees
Tax Description
BEG NE COR OF 062915 W 952.94 FT, S 543.56 FT, S87'53'E 578.69 FT,S5'35'W 295.87 FT,S87'45'W 213.12 FT,S2'07'W 411.1
Tax Annual Amount
2998
Legal Description
BEG NE COR OF 062915 W 952.94 FT, S 543.56 FT, S87'53'E 578.69 FT,S5'35'W 295.87 FT,S87'45'W 213.12 FT,S2'07'W 411.1
Building Details
Floors in Building
1
Listing Agency:
Kirtland Realty
(505) 598-5818
Listed By:
Kara Wood · License #14284
(505) 598-5818
Added: Sep 24, 2025
Changed: May 13
Last Checked: Jul 30 at 11:06AM
MLS# 25-1254
Copyright © 2026 San Juan County Board of Realtors. 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 commercial property, located on the north side of US 64 just west of the Waterflow traffic light, sits between the new Dollar General and Sweet Meat. The property spans approximately 2.95 acres and includes a solid concrete and block shop suitable for warehouse or manufacturing use. Additionally, there is a former residence featuring six rooms, a kitchen, and a bathroom. The property also offers outdoor storage, sheds, animal pens, and fencing. It is comprised of two adjacent parcels.
Key Highlights
- Solid concrete and block shop (warehouse/manufacturing space)
- Approximately 2.95 acres of land
- Prime location on US 64 near Waterflow traffic light
Financial Insights For Warehouse
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 | $28.3k | $9.48 |
| − Vacancy | −$2.1k | −$0.71 |
| EGI | $26.2k | $8.77 |
| − OpEx | −$3.9k | −$1.32 |
| NOI | $22.3k | $7.45 |
2,988 SF · lease $9.48/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$318.2K
$278.4K – $371.2K
NOI $22,272 @ 7.0% cap · market cap 8.57%
Second Best
Industrial
$262.0K
$229.3K – $305.7K
NOI $18,341 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$618.1K
$540.9K – $721.2K
NOI $43,269 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 87421, NM
1,717
Population
644
Households
2.7
Avg Household Size
38
Median Age
8%
College-Educated
78%
High-School Grad
32.7 sq mi
ZIP Area
53
Density / Sq Mi
$49,716
Median Household Income
$32,250
Median Earnings
$1,647
Median Rent
$125,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 2.95 acres with shop, residence, and outdoor storage.
Where is this warehouse located?
The property is located at 3660 US 64 Waterflow, NM.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Solid concrete and block shop (warehouse/manufacturing space); Approximately 2.95 acres of land; Prime location on US 64 near Waterflow traffic light
