Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Edgewood Commercial Property for Sale Title is generated by Realmo AI

    215 Cowboy Way, Edgewood, NM 87015

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial property available in Edgewood, New Mexico.

    Type:Commercial
    Property size:
    6,753 SF
    Added:
    Apr 8, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 3 at 4:56 am

    Property Features for 215 Cowboy Way

    General Information

    Standard status
    Active
    Size
    6,753 SF
    Property subtype
    Commercial

    Properties For Sale

    at 215 Cowboy Way Contact us

    We can help!

    Listing Contact
    Daniel Kearney
    Daniel Kearney

    Listing agent Daniel Kearney License ##49789AB

    Listing office Resolut RE

    Listing date Apr 8, 2026

    Source Resolutre

    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

    HighLights

    • Commercial property
    • Located in Edgewood, New Mexico

    Overview

    A commercial property encompassing 6,753 square feet is available for sale in Edgewood, New Mexico. Located on Cowboy Way, the property is classified as a specialty property, falling under the category of other specialty properties and general commercial real estate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Healing Word LLC Crisis Center Nurturing Insight LLC Foster Care Service FatPipe East Mountains ... Coworking & Hybrid Office Campbell Farming Corporation Food Processing Plant Circle Medical Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom Veterinary Clinic Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.2263732
    Latitude
    35.07804

    Nearby Similar for Sale

    • $545,000
      3,400 SF

      Edgewood Commercial Building For Sale

      Well-maintained 6-unit commercial building with parking and storage.
      3 George Court, Edgewood, NM 87015
      View Details
    • $29,000

      Land For Sale, Edgewood, NM

      One acre of land available in Edgewood, New Mexico.
      10 Glacier Trail, Edgewood, NM 87015
      View Details
    • $225,000

      Sandia Airpark Hangar on Acreage

      2,000 SF hangar on 1.12 acres in Sandia Airpark.
      86 Blanco Drive, Edgewood, NM 87015
      View Details
    • $745,000
      1,200 SF

      Retail Suites For Sale

      Retail suites available and leased in Edgewood, New Mexico.
      5 George Ct, Edgewood, NM 87015
      View Details
    • $980,000
      3,600 SF

      Medical Office Investment Opportunity

      NNN leased medical office building for sale in Edgewood.
      1851 U.S. Rt. 66, Edgewood, NM
      View Details
    • $36,700

      Land For Sale, Edgewood, NM

      Land available for purchase in Edgewood, New Mexico.
      5 Drum Road, Edgewood, NM 87015
      View Details
    • $1,495,000
      4,701 SF

      Turnkey Restaurant in Walmart Supercenter

      4,701 SF restaurant with full kitchen on 1.14-acre parcel.
      60 NM-344, Edgewood, NM 87015
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available in Edgewood, New Mexico.
    Where is this specialty property located?
    The property is located at 215 Cowboy Way Edgewood, NM.
    What are key features of this property?
    This property features: Commercial property; Located in Edgewood, New Mexico
    (505) 720-7089
    We can help!
    Listing Contact
    Daniel Kearney
    Daniel Kearney
    Real Estate License ID: #49789AB
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 Cowboy Way, Edgewood, NM 87015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!