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    Belen Commercial Property For Sale Title is generated by Realmo AI

    600 Dalies Avenue, Belen, NM 87002

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    For Sale
    $498,000

    Iconic commercial property in Belen, owner financing available.

    Type:Commercial/Industrial
    Property size:
    4,200 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $118/SF
    Added:
    Feb 26, 2024
    Days on Market:
    862
    Last Refresh:
    Apr 6 at 2:31 am

    Property Features for 600 Dalies Avenue

    General Information

    Standard status
    Active
    Size
    4,200 SF
    Lot size
    0.27 Acres
    Property subtype
    Commercial/Industrial

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    Karen L Sachs-Padoven

    Listing office Sachs5th Real Estate & Auction

    Listing date Feb 26, 2024

    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 Sachs5th Real Estate & Auction

    HighLights

    • Prime commercial location in the heart of Belen, surrounded by established and new businesses.
    • Owner financing available for a smooth transaction.
    • Soda Fountain area with walk‑up order window.
    • Convenient access with 3 major exits off I‑25; 10 minutes from Los Lunas and 30 minutes from Albuquerque.
    • Onsite parking lot plus street parking.
    • Combo heating/cooling units, electric/refrigerated air, and TPO roof.

    Overview

    This well-maintained commercial property is located in the heart of Belen, New Mexico, approximately 10 minutes from Los Lunas and 30 minutes from Albuquerque, with access to three major exits off I-25. The property is situated amidst established and new businesses. It features a soda fountain area with a walk-up order window, an office loft, two restrooms, and basement storage. The building is equipped with two combo heating and cooling units, electric and refrigerated air, and a TPO roof. Onsite parking is available, along with street parking. Signage infrastructure, including some electric signs, is present. Personal property and equipment are available on a separate contract with the owner. A four-year non-compete contract with a pharmacy is in place. The property size is approximately 4,200 square feet. This property presents an opportunity to be part of the new growth and development in Belen.

    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 $58.0k $13.80
    − Vacancy −$3.8k −$0.90
    EGI $54.2k $12.90
    − OpEx −$13.5k −$3.23
    NOI $40.6k $9.68
    4,200 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $580.6K
    $508.1K – $677.4K (±1% cap)
    NOI $40,644 @ 7.0% cap · market cap 8.16%
    Second Best
    Retail
    $512.8K
    $448.7K – $598.3K (±1% cap)
    NOI $35,897 @ 7.0% cap · market cap 7.21%
    Theoretical Best
    Office A
    $868.5K
    $759.9K – $1.01M (±1% cap)
    NOI $60,792 @ 7.0% cap · market cap 12.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Department Store Dental Office Hotel & Motel Skin Care Clinic Bar & Pub Garden Center Auto Parts Store

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

    Similar Places Nearby

    • Davis Floral — 214 S Main St, Belen, NM 87002
    • Amor Flowers — 315 W Reinken Ave, Belen, NM 87002
    • Floressence Floral Boutique & Gifts — 619 N Main St, Belen, NM 87002

    Location Insight

    • Map
    • Local Demand
    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.775
    Latitude
    34.6611

    FAQs

    What type of property is this?
    Storefront property - Iconic commercial property in Belen, owner financing available.
    Where is this storefront property located?
    The property is located at 600 Dalies Avenue Belen, NM.
    What is the asking price?
    The asking price for this property is $498,000.
    What are key features of this property?
    This property features: Prime commercial location in the heart of Belen, surrounded by established and new businesses.; Owner financing available for a smooth transaction.; **Soda Fountain area with walk‑up order window.**
    More about this property
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