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 Market251
Property Features for 111 Lujan Rd. SE
General Information
Standard status
Active
Size
8,200 SF
Property subtype
Industrial
Listing Agency:
SVN/Walt Arnold Commercial Brokerage Inc
(505) 385-4744
Listed By:
Paul Cook · License #NM #13024
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:54AM
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 For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.9k | $8.40 |
| − Vacancy | −$3.1k | −$0.38 |
| EGI | $65.8k | $8.02 |
| − OpEx | −$9.9k | −$1.20 |
| NOI | $55.9k | $6.82 |
8,200 SF · lease $8.40/SF/yr · vacancy 4.50% · expense 15.00%
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
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
