Warehouse with Office and Fenced
For Sale
Contact for pricing
940 NM 516, Aztec, NM 87410
Flex-style facility with office space, a multi-bay warehouse, and a fenced yard along busy NM 516.
Property Size12,000 SF
Lot Size1.69 Acres
Price / SF$74.58
Days on Market701
Property Features for 940 NM 516
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.69 Acres
Property subtype
Special Purpose, Land
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Clear Height
25 ft
Service Bays
5
Listing Agency:
Century21 SoWesCo Realty
Listed By:
David McBee · License #41884
(505) 330-5739
Source:
Crexi
Added: Nov 21, 2024
Changed: Oct 11
Last Checked: Oct 23 at 6:36AM
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 Century21 SoWesCo Realty
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Investment Insights
Based on property information with market context.
This flex-style property includes approximately 4,800 square feet of office space and about 7,200 square feet of warehouse space. The warehouse is configured with five bays and features ceiling heights that include 25' and 21', along with other varying heights.
The building is situated on 1.695 acres on a very busy road, NM 516, in Flora Vista, NM. The site includes a fenced yard and offers highway frontage.
Overall, the layout combines dedicated office space with a multi-bay warehouse footprint, making it suitable for users seeking both administrative space and functional warehouse capacity on a visible highway location.
The building is situated on 1.695 acres on a very busy road, NM 516, in Flora Vista, NM. The site includes a fenced yard and offers highway frontage.
Overall, the layout combines dedicated office space with a multi-bay warehouse footprint, making it suitable for users seeking both administrative space and functional warehouse capacity on a visible highway location.
Key Highlights
- Flex‑style commercial facility for lease on busy NM 516 in Flora Vista, NM
- Sits on 1.695 acres with approximately 4,800 SF of office space
- Includes approximately 7,200 SF warehouse with 5 bays and ceiling heights ranging from 21' to 25'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,660
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,200
$1.5M
Cap Rate 7%
$1,052,286
$1.1M
Cap Rate 9%
$818,444
$818.4K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$113.8K $9.48/SF
− Vacancy
−$8.5K −$0.71/SF
EGI
$105.2K $8.77/SF
− OpEx
−$31.6K −$2.63/SF
NOI
$73.7K $6.14/SF
Area
San Juan County, NM
Vacancy
7.50%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,200
Cap Rate 7%
$1,052,286
Cap Rate 9%
$818,444
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,444 @ 7.0% cap · market cap 9.99%
Second Best
Industrial
$1.05M
$920.8K – $1.23M
NOI $73,660 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,772 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
25 ft
Clear height
5
Service bays
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87410, NM
16,064
Population
6,402
Households
2.5
Avg Household Size
40
Median Age
17%
College-Educated
88%
High-School Grad
265.6 sq mi
ZIP Area
60
Density / Sq Mi
$51,283
Median Household Income
$31,436
Median Earnings
$802
Median Rent
$192,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style facility with office space, a multi-bay warehouse, and a fenced yard along busy NM 516.
Where is this flex space located?
The property is located at 940 NM 516 Aztec, NM.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Flex‑style commercial facility for lease on busy NM 516 in Flora Vista, NM; Sits on 1.695 acres with approximately 4,800 SF of office space; Includes approximately 7,200 SF warehouse with 5 bays and ceiling heights ranging from 21' to 25'
