Functional Office
For Sale
Contact for pricing
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$159
Days on Market469
Property Features for 21 Main St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
No
Amenities
solar panels
Listing Agency:
RESOLUT RE
(505) 715-9561
Listed By:
Robert Powell CCIM · License ##49789AB
(505) 715-9561
Source:
Moodyscre
Added: Apr 18, 2025
Changed: Jul 28
Last Checked: Jul 30 at 12:49PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $21.60 |
| − Vacancy | −$16.2k | −$3.24 |
| EGI | $91.8k | $18.36 |
| − OpEx | −$23.0k | −$4.59 |
| NOI | $68.9k | $13.77 |
5,000 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
286
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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 $795,000.
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
