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    Waterflow Commercial Property on US-64 Title is generated by Realmo AI

    3660 US 64, Waterflow, NM 87421

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    Claim this Listing
    For Sale
    $260,000

    COMMERCIAL - Waterflow, NM

    Property size:
    2,988 SF
    Lot size:
    2.95 Acres
    Price / SF:
    $87/SF
    Added:
    Sep 24, 2025
    Days on Market:
    265
    Last Refresh:
    Jun 15 at 7:06 am

    Property Features for 3660 US 64

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    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

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Kara Wood
    Kara Wood

    Listing agent Kara Wood License #14284

    Listing office Kirtland Realty 453 Co Rd 6100, Kirtland, NM

    Listing date Sep 24, 2025

    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.

    HighLights

    • Solid concrete and block shop (warehouse/manufacturing space)
    • Approximately 2.95 acres of land
    • Prime location on US 64 near Waterflow traffic light
    • Adjacent to Dollar General and Sweet Meat
    • Includes outdoor storage, sheds, animal pens, and fencing
    • Former residence with six rooms, kitchen, and bathroom

    Overview

    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.

    Local 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 (±1% cap)
    NOI $22,272 @ 7.0% cap · market cap 8.57%
    Second Best
    Industrial
    $262.0K
    $229.3K – $305.7K (±1% cap)
    NOI $18,341 @ 7.0% cap · market cap 7.05%
    Theoretical Best
    Office A
    $618.1K
    $540.9K – $721.2K (±1% cap)
    NOI $43,269 @ 7.0% cap · market cap 16.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Waterflow
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.451094
    Latitude
    36.760557

    FAQs

    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
    (505) 598-5818
    We can help!
    Listing Contact
    Kara Wood
    Kara Wood
    Real Estate License ID: 14284
    Learn More
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