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    503/517 Main St Belen, NM 87002

    Sponsored
    For Sale
    $425,000

    High-traffic retail investment opportunity.

    Property size:
    8,287 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Belen, NM retail property boasts 8,287 square feet of prime commercial space situated on bustling South Main Street. The 0.78-acre lot houses a multi-tenant building currently comprised of eight individual suites, five of which are currently leased, presenting a strong existing income stream and immediate return on investment. Five suites offer generous 1,000 square foot layouts, ideal for a variety of retail businesses. Two additional suites provide 750 square feet each, and a larger 1,500 square foot suite is also available. One suite features upgraded refrigerated air conditioning and central forced air heating, providing modern climate control. The remaining suites are equipped with evaporative cooling and radiant heat systems. Each suite includes a private bathroom for tenant convenience. The high visibility location on Main Street ensures significant foot traffic and exposure, making this a compelling investment opportunity with substantial growth potential. The property's current occupancy and diverse suite sizes offer flexibility for both immediate income and future expansion. This is a rare chance to acquire a well-established retail center in a thriving New Mexico community. Priced at $425,000.

    Property Features for 503/517 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    8,287 SF
    Lot Size
    33,977 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    -106.7483
    Latitude
    34.6433

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail investment opportunity.
    Where is this retail property located?
    The property is located at 503/517 Main St Belen, NM.
    What is the asking price?
    The asking price for this property is $425,000.
    (505) 865-3381
    Request Owner's contact information
    503/517 Main St 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
    503/517 Main St Belen, NM 87002
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