Functional Office
For Sale
$750,000
21 Main St, Edgewood, NM 87015
Functional office floor plan with new paint and carpet, solar panels, and ample paved and gated yard parking.
Property Size5,000 SF
Price / SF$150
Days on Market484
Property Features for 21 Main St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Zoning
C-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
No
Amenities
solar panels
Water
Sewer
Listing Agency:
RESOLUT RE
Listed By:
Jeremy Salazar
(505) 337-0777
Source:
Carnm.resimplifi
Added: Jul 4, 2025
Changed: Oct 26
Last Checked: Oct 28 at 4:44AM
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 RESOLUT RE
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.
This office building features a functional office floor plan with new paint and carpet throughout. Additional exterior improvements include a paved parking lot that was resurfaced in 2016, as well as a secured, gated yard with remote entry. Solar panels are included on the property.
The site offers quick access to I-40 and Route 66. Parking is available on-site, including both paved parking and the gated yard for additional secured storage or parking needs.
The property is listed for sale and includes approximately 0.36 acres of paved parking lot and 0.5 acres of secured, gated yard.
The site offers quick access to I-40 and Route 66. Parking is available on-site, including both paved parking and the gated yard for additional secured storage or parking needs.
The property is listed for sale and includes approximately 0.36 acres of paved parking lot and 0.5 acres of secured, gated yard.
Key Highlights
- 0.36‑acre paved parking lot plus 0.5‑acre secured, gated yard with remote entry
- Functional office floor plan
- Solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,850
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
$1.4M
Cap Rate 7%
$983,571
$983.6K
Cap Rate 9%
$765,000
$765.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$16.2K −$3.24/SF
EGI
$91.8K $18.36/SF
− OpEx
−$23.0K −$4.59/SF
NOI
$68.9K $13.77/SF
Area
Santa Fe County, NM
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
Cap Rate 7%
$983,571
Cap Rate 9%
$765,000
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 87015, NM
12,833
Population
6,593
Households
1.9
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
131.6 sq mi
ZIP Area
98
Density / Sq Mi
$72,681
Median Household Income
$48,270
Median Earnings
$891
Median Rent
$263,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Functional office floor plan with new paint and carpet, solar panels, and ample paved and gated yard parking.
Where is this office building located?
The property is located at 21 Main St Edgewood, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.36‑acre paved parking lot plus 0.5‑acre secured, gated yard with remote entry; Functional office floor plan; Solar panels
