Los Lunas Warehouse For
For Sale
$1,350,000
111 Lujan Rd. SE, Los Lunas, NM 87031
Stand-alone warehouse in Los Lunas, NM, with established tenant.
Property Size8,200 SF
Price / SF$164.63
Days on Market320
Property Features for 111 Lujan Rd. SE
General Information
Standard status
Active
Size
8,200 SF
Property subtype
Industrial
Building Details
Building Size
8,200 SF
Listing Agency:
SVN / Walt Arnold Commercial Brokerage, Inc.
Listed By:
Paul Cook · License #NM #13024
(505) 385-4744
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 5
Last Checked: Oct 5 at 4:45PM
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 SVN / Walt Arnold Commercial Brokerage, Inc.
Investment Insights
Based on property information with market context.
This stand-alone office/warehouse is located in Los Lunas, New Mexico. The property is occupied by a family-owned cannabis grow and dispensary owner and operator with over 20 years of experience, based in Washington State, with 10 dispensaries in Arizona, and a presence in multiple states. The tenant has 4 years remaining on the lease with annual increases. The property is situated on the east side of Los Lunas, a short drive south from Albuquerque on I-25. The property size is 8200 square feet. The current CAP Rate is 6.77% for 2024, with a blended CAP Rate of 7.85%.
Key Highlights
- Established cannabis grow and dispensary tenant with 20+ years of experience.
- Tenant has multiple dispensaries and operates in multiple states.
- Enjoy a 6.77% CAP Rate in 2024.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,913
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,260
$1.1M
Cap Rate 7%
$798,757
$798.8K
Cap Rate 9%
$621,256
$621.3K
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$68.9K $8.40/SF
− Vacancy
−$3.1K −$0.38/SF
EGI
$65.8K $8.02/SF
− OpEx
−$9.9K −$1.20/SF
NOI
$55.9K $6.82/SF
Area
Valencia County, NM
Vacancy
4.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,260
Cap Rate 7%
$798,757
Cap Rate 9%
$621,256
Alternative Uses
Best Use
Warehouse
$798.8K
$698.9K – $931.9K
NOI $55,913 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$701.1K
$613.5K – $818.0K
NOI $49,077 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,690 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Stand-alone warehouse in Los Lunas, NM, with established tenant.
Where is this warehouse located?
The property is located at 111 Lujan Rd. SE Los Lunas, NM.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Established cannabis grow and dispensary tenant with 20+ years of experience.; Tenant has multiple dispensaries and operates in multiple states.; Enjoy a 6.77% CAP Rate in 2024.
