Mixed-Use Building with Living
108 S MAIN Avenue, Aztec, NM 87410
For Sale
Contact for pricing
C-1-zoned historic property pairs a street-facing business area with potential residential space at the rear.
Property Size2,580 SF
Price / SF$87.21
Days on Market33
Property Features for 108 S MAIN Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Traffic Count
Amenities
full kitchen
bathroom
shower
Building Details
Buildings
Listing Agency:
R1 New Mexico Farmington
Listed By:
Shelbie DiGiacomo · License NM REC-2022-0038
(505) 716-1482
Source:
Crexi
Added: Oct 9
Changed: Nov 9
Last Checked: Nov 9 at 1:58PM
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 R1 New Mexico Farmington
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Investment Insights
Based on property information with market context.
This historic mixed-use property contains approximately 2,580 square feet and is zoned C-1, Commercial - Limited. Its configuration may accommodate a commercial space at the front and living quarters behind it. A full kitchen, bathroom, and shower are among the building’s existing features.
The property is located on Main Avenue in Aztec, New Mexico. The reported 2023 daily traffic count for the area is 10,253.
The property is located on Main Avenue in Aztec, New Mexico. The reported 2023 daily traffic count for the area is 10,253.
Key Highlights
- Approximately 2,580 sq. ft. in a historic mixed‑use building
- Front commercial area with potential living quarters at the rear
- Full kitchen, bathroom, and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,140
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,800
$282.8K
Cap Rate 7%
$202,000
$202.0K
Cap Rate 9%
$157,111
$157.1K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$24.5K $9.48/SF
− Vacancy
−$1.8K −$0.71/SF
EGI
$22.6K $8.77/SF
− OpEx
−$8.5K −$3.29/SF
NOI
$14.1K $5.48/SF
Area
San Juan County, NM
Vacancy
7.50%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,800
Cap Rate 7%
$202,000
Cap Rate 9%
$157,111
Alternative Uses
Best Use
Retail
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 11.34%
Second Best
Office B
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 10.24%
Theoretical Best
Office A
$533.7K
$467.0K – $622.7K
NOI $37,361 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
10,253 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 87410, NM
16,064
Population
6,402
Households
2.5
Avg Household Size
40
Median Age
17%
College-Educated
88%
High-School Grad
265.6 sq mi
ZIP Area
60
Density / Sq Mi
$51,283
Median Household Income
$31,436
Median Earnings
$802
Median Rent
$192,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1-zoned historic property pairs a street-facing business area with potential residential space at the rear.
Where is this mixed-use property located?
The property is located at 108 S MAIN Avenue Aztec, NM.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Approximately 2,580 sq. ft. in a historic mixed‑use building; Front commercial area with potential living quarters at the rear; Full kitchen, bathroom, and shower
