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Mixed-Use Property with Warehouse

12022 Highway 14 N Cedar Crest, NM 87008

12022 Highway 14 N, Cedar Crest, NM, 87008
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Versatile property with office and warehouse space in Cedar Crest.

Property Size1,632 SF
Lot Size1.38 Acres
Price / SF$275.74
AddedAug 12, 2025
Days on Market338
Last RefreshMay 19 at 8:59 pm

Property Features for 12022 Highway 14 N

General Information

Standard status
Active
Size
1,632 SF
Lot size
1.38 Acres
Property subtype
OFFICE

Listing office Coldwell Banker - Legacy | Paseo del Norte

Listing date Aug 12, 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 Coldwell Banker - Legacy | Paseo del Norte


Investment Insights

Based on property information with market context.

This mixed-use property in Cedar Crest features approximately 700 square feet of office space and approximately 1,000 square feet of warehouse space. Each space is equipped with a half bath and cooled by swamp coolers. The office space includes a shower and kitchen plumbing connections with hot and cold water. The entire property is fenced for security and includes a well and septic tank. The seller will install a new septic tank with a satisfactory offer. Located off NM Highway 14, the property offers access and visibility for various business needs. This property is suitable for a variety of commercial uses and could be used as a live work setup.

Key Highlights

  • Versatile property with office (approx. 700 sqft) and warehouse (approx. 1,000 sqft) space.
  • Convenient location just off NM Highway 14, offering excellent access and visibility.
  • Securely fenced property with its own well and septic tank.

Local Financial Insights For Office B

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 $32.3k $19.80
− Vacancy −$4.8k −$2.96
EGI $27.5k $16.84
− OpEx −$6.9k −$4.21
NOI $20.6k $12.63
1,632 SF · lease $19.80/SF/yr · vacancy 14.93% · expense 25.00%

Alternative Uses

Best Use
Office B
$294.5K
$257.7K – $343.6K (±1% cap)
NOI $20,617 @ 7.0% cap · market cap 4.58%
Second Best
Mixed Use
$236.1K
$206.6K – $275.4K (±1% cap)
NOI $16,524 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$428.4K
$374.9K – $499.8K (±1% cap)
NOI $29,988 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Storage Facility Hair Salon Electrical Service Nail Salon Computer & Electronic Repair Veterinary Clinic Building Supply

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Versatile property with office and warehouse space in Cedar Crest.
Where is this mixed-use property located?
The property is located at 12022 Highway 14 N Cedar Crest, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Versatile property with office (approx. 700 sqft) and warehouse (approx. 1,000 sqft) space.; Convenient location just off NM Highway 14, offering excellent access and visibility.; Securely fenced property with its own well and septic tank.
Contact an agent
(505) 228-3338 Call to check price and availability
More about this property
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