Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Moriarty Commercial Property For Sale Title is generated by Realmo AI

    111 N CORVIN Court, Moriarty, NM 87035

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $595,000

    Two buildings totaling 5,550 SF on 2.41 acres.

    Type:Commercial/Industrial
    Property size:
    5,550 SF
    Lot size:
    2.41 Acres
    Price / SF:
    $107/SF
    Added:
    Mar 12, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 6 at 1:18 am

    Property Features for 111 N CORVIN Court

    General Information

    Standard status
    Active
    Size
    5,550 SF
    Lot size
    2.41 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Jeanette Raver
    Jeanette Raver

    Listing agent Jeanette Raver License #14502

    Listing office Realty One of New Mexico

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Realty One of New Mexico

    HighLights

    • Two buildings totaling 5550 sqft on 2.41 acres.
    • Building 1 features 3750 sqft with 220 AMP, Three Phase Service.
    • Versatile buildings suitable for auto/mechanic, storage, workshop, retail, etc.
    • Building 1 includes two 1/2 baths, washer/dryer hookup, and electric heat.
    • Proximity to I‑40 for convenient access.
    • Well share agreement in place.

    Overview

    This property in Moriarty features two buildings totaling 5,550 square feet. Situated on 2.41 acres, the location offers proximity to I-40. Building 1 provides 3,750 square feet of space and is equipped with 220 AMP, Three Phase Service, two half baths, washer and dryer hookups, and electric heat in the office and bathrooms. The main area is heated by propane infrared heaters. An upstairs area could serve as an office or living space. Building 2 offers 1,800 square feet and currently has no power. A leased propane tank is present on the property. Both buildings are insulated and suitable for various uses, including auto/mechanic shops, storage facilities, workshops, and retail spaces. The property has a well share agreement with the adjacent property to the East, which is also available for sale, presenting a potential package deal opportunity. Zoning is to be verified. The property is suitable for auto/mechanic, storage, workshop, and retail purposes.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $527.1K
    NOI $47,436 @ 9.00% cap · cautious / downside scenario
    Moderate
    $677.7K
    NOI $47,436 @ 7.00% cap · market / base-case scenario
    Aggressive
    $948.7K
    NOI $47,436 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $73.3k $13.20
    − Vacancy −$5.5k −$0.99
    EGI $67.8k $12.21
    − OpEx −$20.3k −$3.66
    NOI $47.4k $8.55
    5,550 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $677.7K
    $593.0K – $790.6K (±1% cap)
    NOI $47,436 @ 7.0% cap · market cap 7.97%
    Second Best
    Flex RnD
    $581.3K
    $508.7K – $678.2K (±1% cap)
    NOI $40,693 @ 7.0% cap · market cap 6.84%
    Theoretical Best
    Office A
    $1.13M
    $987.2K – $1.32M (±1% cap)
    NOI $78,977 @ 7.0% cap · market cap 13.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -105.708
    Latitude
    34.9154

    Nearby Similar for Sale

    • $245,000

      Commercial Investment Property on Route 66

      Commercial property with highway frontage and income-producing water station.
      503 Us Route 66 - Lulu's Kitchen, Moriarty, NM 87035
      View Details
    • $800,000
      7,875 SF

      Retail Building on Central Avenue

      Retail building on the main thoroughfare in Moriarty.
      600 Central Ave, Moriarty, NM
      View Details
    • $2,559,000

      Historic Route 66 Motel

      18-room motel on Route 66 with film production income.
      501 U.S. Rte 66, Moriarty, NM 87035
      View Details
    • $245,000
      371 SF

      Restaurant and Land For Sale

      Restaurant on Route 66 with additional land included.
      503 Central Ave, Moriarty, NM
      View Details

    FAQs

    What type of property is this?
    Flex space - Two buildings totaling 5,550 SF on 2.41 acres.
    Where is this flex space located?
    The property is located at 111 N CORVIN Court Moriarty, NM.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Two buildings totaling 5550 sqft on 2.41 acres.; Building 1 features 3750 sqft with **220 AMP, Three Phase Service.**; Versatile buildings suitable for auto/mechanic, storage, workshop, retail, etc.
    (505) 554-2213
    We can help!
    Listing Contact
    Jeanette Raver
    Jeanette Raver
    Real Estate License ID: 14502
    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

    Thank You for Inquiry
    111 N CORVIN Court, Moriarty, NM 87035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!