Turnkey Restaurant in Business
For Sale
Contact for pricing
141 Roadrunner Parkway, Las Cruces, NM 88011
Turnkey restaurant with FF&E, bar/lounge, open seating, private rooms, and carry-out sections within a business plaza.
Property Size3,413 SF
Price / SF$175.80
Days on Market164
Property Features for 141 Roadrunner Parkway
General Information
Standard status
Active
Size
3,413 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Traffic Count
40,000 vehicles/day
Amenities
bar/lounge space
open seating
private rooms
carry out sections
Listing Agency:
Steinborn/TCN Commercial Real Estate
(575) 639-1208
Listed By:
Kary Bulsterbaum · License #43302
(575) 639-1208
Source:
Moodyscre
Added: Mar 1
Changed: Aug 8
Last Checked: Aug 12 at 6:37AM
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 Steinborn/TCN Commercial Real Estate
Investment Insights
Based on property information with market context.
This turnkey restaurant facility is offered with the necessary FF&E in place. The interior layout combines bar/lounge space with open seating, private rooms, and designated carry-out sections, providing multiple service areas within a single restaurant space.
The site is located just off a 40,000+ traffic intersection, supporting consistent visibility and convenient access. It sits within a business plaza with immediate access to a substantial employment base, with surrounding area activity described as steady and in high demand.
The property is sized at 3,413 square feet and is positioned as a straightforward option for an operator seeking a ready-to-run restaurant configuration.
The site is located just off a 40,000+ traffic intersection, supporting consistent visibility and convenient access. It sits within a business plaza with immediate access to a substantial employment base, with surrounding area activity described as steady and in high demand.
The property is sized at 3,413 square feet and is positioned as a straightforward option for an operator seeking a ready-to-run restaurant configuration.
Key Highlights
- Turnkey restaurant sale with FF&E included
- Interior layout includes bar/lounge space and open seating
- Includes private rooms and carry‑out sections
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
$31,255
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
5.21%
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%
$625,100
$625.1K
Cap Rate 7%
$446,500
$446.5K
Cap Rate 9%
$347,278
$347.3K
Market Conditions
NOI Build-Up for 3,413 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
$45.1K $13.20/SF
− Vacancy
−$3.4K −$0.99/SF
EGI
$41.7K $12.21/SF
− OpEx
−$10.4K −$3.05/SF
NOI
$31.3K $9.16/SF
Area
Las Cruces, NM
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
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%
$625,100
Cap Rate 7%
$446,500
Cap Rate 9%
$347,278
Alternative Uses
Best Use
Specialty Retail
$446.5K
$390.7K – $520.9K
NOI $31,255 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.3K
$522.6K – $696.8K
NOI $41,808 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 88011, NM
32,885
Population
15,160
Households
2.2
Avg Household Size
43
Median Age
55%
College-Educated
95%
High-School Grad
251.7 sq mi
ZIP Area
131
Density / Sq Mi
$75,139
Median Household Income
$43,093
Median Earnings
$1,053
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with FF&E, bar/lounge, open seating, private rooms, and carry-out sections within a business plaza.
Where is this conventional restaurant located?
The property is located at 141 Roadrunner Parkway Las Cruces, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Turnkey restaurant sale with FF&E included; Interior layout includes bar/lounge space and open seating; Includes private rooms and carry‑out sections
