629 S Main St, Belen, NM
Restaurant and bar on 1.8 acre corner lot.
- Added:
- May 19, 2025
- Days on Market:
- 393
- Last Refresh:
- May 19 at 11:05 pm
Property Features for 629 S Main St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.81 Acres
- Property subtype
- RETAIL
Listing agent Nicole Golino License #19389 (505) 385-2817
Listing office Nino Trujillo & Company Inc (505) 385-2817
Listing date May 19, 2025
Source Moodyscre
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 Nino Trujillo & Company Inc
HighLights
- Over 3000 sq ft restaurant and bar area included.
- 1.8 acre lot.
- Prime corner lot location.
- High traffic location.
- Carlos Bar and Cantina business included.
- Located in the heart of Belen.
Overview
Local Financial Insights For Specialty Retail
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 | $41.4k | $13.80 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $38.7k | $12.90 |
| − OpEx | −$9.7k | −$3.23 |
| NOI | $29.0k | $9.68 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Circle K — 601 E Reinken Ave, Belen, NM 87002
Location Insight
- Map
- Local Demand
- City
- Belen
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.779
- Latitude
- 34.6556
