Office Building with Two-Bay
1607 W AZTEC Boulevard, Aztec, NM 87410
For Sale
$626,750
Commercial Sale, Aztec, NM
Property Size6,184 SF
Lot Size2.48 Acres
Price / SF$101.35
Days on Market485
Property Features for 1607 W AZTEC Boulevard
General Information
Property type
Property subtype
Zoning description
Security features
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Cooling system
Building Details
Floors in Building
Roof type
Listing Agency:
San Juan Realty
(505) 327-4837
Listed By:
Dave Dailey · License NM #53774
(505) 860-2652
Added: Jul 18, 2025
Changed: Oct 19
Last Checked: Nov 13 at 11:06PM
MLS# 25-938
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property contains 6,184 square feet on a 2.48-acre parcel. Its layout includes more than 16 private offices, several common areas and a two-bay garage. The building was first configured for ambulance operations and later accommodated the Aztec school district’s EPO offices.
A separate residence is situated behind the commercial building and is being offered in as-is condition. The property is located at 1607 W Aztec Boulevard in Aztec, New Mexico.
A separate residence is situated behind the commercial building and is being offered in as-is condition. The property is located at 1607 W Aztec Boulevard in Aztec, New Mexico.
Key Highlights
- 6,184‑square‑foot office building on 2.48 acres
- More than 16 private offices and multiple common areas
- Two‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,211
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,220
$1.1M
Cap Rate 7%
$788,729
$788.7K
Cap Rate 9%
$613,456
$613.5K
Market Conditions
NOI Build-Up for 6,184 SF
Gross rent
$92.0K $14.88/SF
− Vacancy
−$18.4K −$2.98/SF
EGI
$73.6K $11.90/SF
− OpEx
−$18.4K −$2.98/SF
NOI
$55.2K $8.93/SF
Area
San Juan County, NM
Vacancy
20.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,220
Cap Rate 7%
$788,729
Cap Rate 9%
$613,456
Alternative Uses
Best Use
Office B
$788.7K
$690.1K – $920.2K
NOI $55,211 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,551 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The floor plan combines private offices with shared areas and a separate rear residence offered in as-is condition.
Where is this office building located?
The property is located at 1607 W AZTEC Boulevard Aztec, NM.
What is the asking price?
The asking price for this property is $626,750.
What are key features of this property?
This property features: 6,184‑square‑foot office building on 2.48 acres; More than 16 private offices and multiple common areas; Two‑bay garage
