Retail Space with Pad
For Sale
Contact for pricing
162 Caldwell Avenue, Belen, NM 87002
Existing storefront space and separate development parcels offer leasing options, including ground lease and build-to-suit arrangements subject to owner approval.
Property Size42,208 SF
Price / SF$0.04
Days on Market282
Property Features for 162 Caldwell Avenue
General Information
Standard status
Active
Size
42,208 SF
Property subtype
Retail
Zoning
SU
Additional Details
Traffic Count
16,000 vehicles/day
Land Use
retail
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
The Venegas Group · License #51271
(505) 591-0717
Source:
Chrislucasabq
Added: Jan 26
Changed: Nov 1
Last Checked: Oct 31 at 3:06AM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines existing retail space with designated pad sites. Available storefront areas range from 1,681 to 8,300 SF, with tenant improvements available and an optional tenant improvement allowance. Multiple pad sites range from 0.5 to 1.2 acres and may be offered for ground lease or build-to-suit, subject to owner approval.
Zoning is S. The property is at 162 Caldwell Avenue in Belen, New Mexico, where reported daily vehicle volume is almost 16,000.
Zoning is S. The property is at 162 Caldwell Avenue in Belen, New Mexico, where reported daily vehicle volume is almost 16,000.
Key Highlights
- Existing retail suites range from 1,681 to 8,300 SF
- Multiple pad sites range from 0.5 to 1.2 acres
- Ground lease or build‑to‑suit options, subject to owner approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$360,752
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,215,040
$7.2M
Cap Rate 7%
$5,153,600
$5.2M
Cap Rate 9%
$4,008,356
$4.0M
Market Conditions
NOI Build-Up for 42,208 SF
Gross rent
$557.1K $13.20/SF
− Vacancy
−$41.8K −$0.99/SF
EGI
$515.4K $12.21/SF
− OpEx
−$154.6K −$3.66/SF
NOI
$360.8K $8.55/SF
Area
Valencia County, NM
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,215,040
Cap Rate 7%
$5,153,600
Cap Rate 9%
$4,008,356
Alternative Uses
Best Use
Retail
$5.15M
$4.51M – $6.01M
NOI $360,752 @ 7.0% cap · market cap 21,460.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.73M
$7.64M – $10.18M
NOI $610,935 @ 7.0% cap · market cap 36,343.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 87002, NM
21,225
Population
9,210
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
84%
High-School Grad
598.3 sq mi
ZIP Area
35
Density / Sq Mi
$51,537
Median Household Income
$30,896
Median Earnings
$859
Median Rent
$183,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Existing storefront space and separate development parcels offer leasing options, including ground lease and build-to-suit arrangements subject to owner approval.
Where is this retail space located?
The property is located at 162 Caldwell Avenue Belen, NM.
What are key features of this property?
This property features: Existing retail suites range from 1,681 to 8,300 SF; Multiple pad sites range from 0.5 to 1.2 acres; Ground lease or build‑to‑suit options, subject to owner approval
