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    301 Reinken Ave Belen, NM 87002

    For Sale
    $340,000

    High-traffic location, versatile 2220 sq ft building.

    Property size:
    2,220 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, situated on a 0.57-acre corner lot at 301 E Reinken Avenue in Belen, New Mexico, presents a unique investment opportunity. The 2,220 square foot building features refrigerated air and heating, offering a comfortable and functional space. The property's prime location on busy Reinken Avenue provides excellent visibility and accessibility, with convenient proximity to the railroad station, parks, the downtown area, and Interstate 25. The existing building provides a clean canvas for customization, allowing for a wide range of potential uses. Please note that all outbuildings are excluded from the sale. The property is zoned C-1, offering considerable flexibility for various commercial ventures. A previous appraisal details a comprehensive list of permitted uses, including but not limited to: auto sales/services, banking, cabinet making, assisted living facilities, clinics, construction/building trades businesses, pharmacies, farm supply sales, laundromats/dry cleaners, lumber yards, motorcycle sales, moving/transfer companies, railroad depots, rental services, restaurants, schools, and utility services (both public and private), and veterinary clinics. Potential buyers are encouraged to independently verify all allowable uses with the City of Belen. This property is ideal for owner-occupants seeking a blend of living and business space. Don't miss this chance to acquire a highly versatile commercial property in a thriving location.

    Property Features for 301 Reinken Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,220 SF
    Lot Size
    24,829 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.7704
    Latitude
    34.66173

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile 2220 sq ft building.
    Where is this commercial real estate located?
    The property is located at 301 Reinken Ave Belen, NM.
    What is the asking price?
    The asking price for this property is $340,000.
    (505) 866-7653
    Request Owner's contact information
    301 Reinken Ave Belen, NM 87002
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    Belen, NM 87002
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    Realmo Value Estimation

    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.

    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.

    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
    301 Reinken Ave Belen, NM 87002
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