Mixed-Use Property with Highway
For Sale
$399,999
12001 HIGHWAY 14, Cedar Crest, NM 87008
CommercialSale, Cedar Crest, NM
Property Size1,604 SF
Lot Size0.75 Acres
Price / SF$249.38
Days on Market142
Property Features for 12001 HIGHWAY 14
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
MH,Other,R-1, 2, 3, 4, 5,
Parking
25
Directions
From I40 Tijeras exit, 1 mile north on highway 14. Property on left (west) side. 1/4 mile south of Chevron gas station.
Standard status
Active
APN
102905913808730217
Size
1,604 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
TRACT IN CANON DE CARNUE GRANT IN SW EXC POR TO R/W SEC 11 T 10N R5E CONT 0. Two lots.
Legal Description
TRACT IN CANON DE CARNUE GRANT IN SW EXC POR TO R/W SEC 11 T 10N R5E CONT 0. Two lots.
Utilities
Sewer type
Septic Tank
Water source
Well, Private
Building Details
Year built
2025
Roof type
Metal
Listing Agency:
Regal Real Estate Experts
(505) 301-1292
Listed By:
Leonel Munoz · License #REC20220835
(505) 301-1292
Added: Apr 4
Changed: Aug 19
Last Checked: Aug 23 at 5:06AM
MLS# 202601371
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,604-square-foot building on two separate lots totaling 0.75 acres. The structure was built in 2025 and features a metal roof. Water is supplied by a private well, while wastewater service is provided by a septic tank.
The property is located at 12001 Highway 14 in Cedar Crest, alongside Burger Boy, Chevron, and Affordable Fencing. Highway 14 is identified with estimated traffic of more than 15,000 vehicles per day. The site is positioned along the Turquoise Trail corridor connecting Albuquerque and Santa Fe, with surrounding commercial businesses and commuter and tourist activity noted in the property information.
Zoning data lists MH, Other, and R-1 through R-5 designations. The property information also identifies possible future special-use commercial zoning, but does not establish that designation as current.
The property is located at 12001 Highway 14 in Cedar Crest, alongside Burger Boy, Chevron, and Affordable Fencing. Highway 14 is identified with estimated traffic of more than 15,000 vehicles per day. The site is positioned along the Turquoise Trail corridor connecting Albuquerque and Santa Fe, with surrounding commercial businesses and commuter and tourist activity noted in the property information.
Zoning data lists MH, Other, and R-1 through R-5 designations. The property information also identifies possible future special-use commercial zoning, but does not establish that designation as current.
Key Highlights
- 1,604‑square‑foot building on 0.75 acres
- Two separate lots at 12001 Highway 14
- Estimated traffic counts exceed 15,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$324,820
$324.8K
Cap Rate 7%
$232,014
$232.0K
Cap Rate 9%
$180,456
$180.5K
Market Conditions
NOI Build-Up for 1,604 SF
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.
Gross rent
$28.9K $18.00/SF
− Vacancy
−$2.9K −$1.80/SF
EGI
$26.0K $16.20/SF
− OpEx
−$9.7K −$6.07/SF
NOI
$16.2K $10.13/SF
Area
Bernalillo County, NM
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$324,820
Cap Rate 7%
$232,014
Cap Rate 9%
$180,456
Alternative Uses
Best Use
Mixed Use
$232.0K
$203.0K – $270.7K
NOI $16,241 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.1K
$368.4K – $491.2K
NOI $29,474 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 87008, NM
2,449
Population
1,173
Households
2.1
Avg Household Size
50
Median Age
53%
College-Educated
97%
High-School Grad
26.6 sq mi
ZIP Area
92
Density / Sq Mi
$108,523
Median Household Income
$57,304
Median Earnings
$907
Median Rent
$352,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property spans two lots and includes private well water with septic tank service.
Where is this mixed-use property located?
The property is located at 12001 HIGHWAY 14 Cedar Crest, NM.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 1,604‑square‑foot building on 0.75 acres; Two separate lots at 12001 Highway 14; Estimated traffic counts exceed 15,000 vehicles per day
