Auto Shop with Hydraulic
For Sale
$349,900
203 Highway 314 NW, Los Lunas, NM 87031
Front office, bay doors, and outdoor storage support automotive operations.
Property Size4,648 SF
Price / SF$75.28
Days on Market50
Property Features for 203 Highway 314 NW
General Information
Standard status
Active
Size
4,648 SF
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Amenities
front office
hydraulic lifts
rear and side bay doors
Listing Agency:
Century 21 Champions
Listed By:
Nancy A Montoya · License #6751
(505) 480-2121
Source:
Thesouthwestlife
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 7 at 1:28PM
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 Century 21 Champions
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Investment Insights
Based on property information with market context.
This automotive property combines a front office with a large shop area equipped with hydraulic lifts. Rear and side bay doors support vehicle movement, while outdoor storage space provides room for additional operational needs. Attached items remain with the property, and office furniture is included.
The property is located at 203 Highway 314 NW in Los Lunas, with access to I-25 and proximity to Albuquerque. The site receives hundreds of passers-by daily, providing exposure along the highway corridor.
The property is located at 203 Highway 314 NW in Los Lunas, with access to I-25 and proximity to Albuquerque. The site receives hundreds of passers-by daily, providing exposure along the highway corridor.
Key Highlights
- Large shop area with hydraulic lifts
- Front office included
- Rear and side bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,818
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,360
$556.4K
Cap Rate 7%
$397,400
$397.4K
Cap Rate 9%
$309,089
$309.1K
Market Conditions
NOI Build-Up for 4,648 SF
Gross rent
$41.8K $9.00/SF
− Vacancy
−$2.1K −$0.45/SF
EGI
$39.7K $8.55/SF
− OpEx
−$11.9K −$2.56/SF
NOI
$27.8K $5.98/SF
Area
Valencia County, NM
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,360
Cap Rate 7%
$397,400
Cap Rate 9%
$309,089
Alternative Uses
Best Use
Retail
$567.5K
$496.6K – $662.1K
NOI $39,726 @ 7.0% cap · market cap 11.35%
Second Best
Industrial
$397.4K
$347.7K – $463.6K
NOI $27,818 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$961.1K
$841.0K – $1.12M
NOI $67,277 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
87k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
McDonald's
Dining
25,686 visits/mo
0.5 miles
Speedway
Shops & Services
17,902 visits/mo
0.2 miles
Blake's LotaBurger
Dining
14,943 visits/mo
0.1 miles
Allsups
Shops & Services
8,894 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,689 visits/mo
0.1 miles
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Rimo's Automotive — 835 NM-314, Los Lunas, NM 87031
- Courthouse Tire Shop — 228 Courthouse Rd, Los Lunas, NM 87031
- Til The Wheels Fall Off Tire Shop — 228 Courthouse Rd, Los Lunas, NM 87031
- Los Plebes Tire Shop — 235 courthouse rd, los lunas, nm 87031
- Valencia Automotive — 201 Sichler Dr, Los Lunas, NM 87031
Frequently Asked Questions
What type of property is this?
Auto shop - Front office, bay doors, and outdoor storage support automotive operations.
Where is this auto shop located?
The property is located at 203 Highway 314 NW Los Lunas, NM.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Large shop area with hydraulic lifts; Front office included; Rear and side bay doors
