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

    101 S Main St Belen, NM

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Centrally located office space with great visibility and ample parking.

    Type:OFFICE
    Property size:
    1,316 SF
    Lot size:
    3.84 Acres
    Price / SF:
    $4,179/SF
    Added:
    May 19, 2025
    Days on Market:
    347
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 101 S Main St

    General Information

    Standard status
    Active
    Size
    1,316 SF
    Lot size
    3.84 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 101 S Main St Contact us

    We can help!

    Listing Contact
    Nicole Golino
    Nicole Golino

    Listing agent Nicole Golino License #19389

    Listing office Nino Trujillo & Company Inc

    Listing date May 19, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Nino Trujillo & Company Inc

    Overview

    Belen Office Space For Rent

    This centrally located office space is situated in the heart of Belen, offering an excellent location for business operations. The property benefits from great visibility and ample parking. Available for rent, the space offers full-service leases with options ranging from 400 to over 2,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.778
    Latitude
    34.6608

    Nearby Similar for Sale

    • $4,741,828
      14,259 SF

      Freestanding Walgreens in Belen, NM

      Freestanding retail property with drive-thru in Albuquerque MSA.
      315 N Main St, Belen, NM 87002
      View Details
    • $498,000
      4,200 SF

      Belen Commercial Property For Sale

      Iconic commercial property in Belen, owner financing available.
      600 Dalies Avenue, Belen, NM 87002
      View Details
    • $410,000
      8,810 SF

      Retail Investment on South Main

      Retail property for sale located on South Main Street.
      206-214 S. Main St., Belen, NM 87002
      View Details
    • $575,000
      3,000 SF

      Restaurant and Bar For Sale

      Restaurant and bar on 1.8 acre corner lot.
      629 S Main St, Belen, NM
      View Details
    • $179,500
      3,000 SF

      Office Building Near Reinken Ave

      Office building formerly used by KARS Radio near Reinken Ave.
      208 N 2nd St, Belen, NM
      View Details
    • $4,400,000
      9,462 SF

      Renovated Gas Station & Restaurant

      Newly renovated gas station and restaurant with high traffic location.
      51 I-25 Bypass Rd, Belen, NM
      View Details
    • $275,000
      1,786 SF

      Historic Plaza Office Building

      Office building in the center of town on Main Street.
      201 S Main St, Belen, NM
      View Details
    • $340,000
      2,179 SF

      Commercial Corner Lot on Reinken

      2220 sq ft building on a corner lot.
      301 E REINKEN Avenue, Belen, NM 87002
      View Details
    • $1,100,000
      6,500 SF

      Retail Space in Belen, NM

      Versatile retail space in a strategic Belen location.
      19611 NM-314, Belen, NM
      View Details
    • $160,000
      2,002 SF

      Storage Building with Loading Dock

      2,002 SF storage building with bays and units.
      Bernard Avenue, Belen, NM 87002
      View Details
    • $229,900
      4,596 SF

      Restaurant/Retail Opportunity on Large Lot

      4,596 sqft building on 1.8 acres with high visibility.
      921 E River Road, Belen, NM 87002
      View Details
    • $649,999
      4,820 SF

      Belen Cannabis Dispensary Investment Property

      Single-tenant cannabis dispensary for sale with long-term lease.
      804 S Main St, Belen, NM 87002
      View Details

    FAQs

    What type of property is this?
    Office units - Centrally located office space with great visibility and ample parking.
    Where is this office units located?
    The property is located at 101 S Main St Belen, NM.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Centrally located in the heart of Belen; Excellent location for business; Great visibility
    (505) 385-2817 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nicole Golino
    Nicole Golino
    Real Estate License ID: 19389
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!