Auto Shop with Hydraulic
New
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 Market2
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
Last Checked: Sep 7 at 2:33PM
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
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 = 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
$27,818
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
7.95%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- 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
