Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2407 N Main St Roswell, NM

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding restaurant with drive-thru on high-traffic N Main Street.

    Type:RETAIL
    Property size:
    919 SF
    Lot size:
    0.28 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    402
    Last Refresh:
    Apr 5 at 11:06 pm

    Property Features for 2407 N Main St

    General Information

    Standard status
    Active
    Size
    919 SF
    Lot size
    0.28 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2407 N Main St Contact us

    We can help!

    Listing Contact
    Flora Koller

    Listing agent Flora Koller

    Listing office Western States Commercial Real Estate

    Listing date Mar 25, 2025

    Source Moodyscre

    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 Western States Commercial Real Estate

    Overview

    Roswell Restaurant with Drive-Thru

    This freestanding quick service restaurant is available for lease in Roswell. The property is situated on N Main Street, benefiting from high visibility and a daily traffic flow of 27,129 vehicles. The building features 100 feet of frontage on a thoroughfare and includes a drive-thru. Pylon signage is available. The lease encompasses all fixtures, furniture, and equipment. The property provides 919 square feet of space on a 0.28-acre lot, offering an opportunity to establish a location in the Roswell market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.523
    Latitude
    33.4223

    Nearby Similar for Lease

    • Contact for pricing

      Roswell Mall Retail/Office/Entertainment Space

      Versatile 12,500 SF space in Roswell Mall.
      4501 North Main, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Space Available

      Retail space available in Roswell Mall with national retailers.
      4501 North Main, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Space

      7,251 SF retail space in Roswell Mall available for rent.
      4501 North Main, Roswell, NM 88201
      View Details
    • $9 SF/Yr

      Retail Space in Main Place

      Available junior box in Roswell's retail corridor.
      2601 N. Main Street, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail/Office/Medical Space

      25,000 SF space suitable for retail, office, or medical use.
      4501 North Main, Roswell, NM 88201
      View Details
    • Contact for pricing

      Roswell Mall Retail Opportunity

      Retail spaces available within Roswell Mall with national retailers.
      4501 North Main, Roswell, NM 88201
      View Details
    • $18 SF/Yr

      Roswell Retail Space For Rent

      Retail space available in high-traffic Roswell shopping center.
      2801 N Main St, Roswell, NM
      View Details
    • $5,000/Mo

      Retail Space on Signalized Corner

      Retail property suitable for fast food or financial institution.
      3211 N Main St, Roswell, NM
      View Details
    • Contact for pricing

      Roswell Warehouse/Distribution Space Available

      Large manufacturing/industrial/distribution warehouse in Southeastern New Mexico.
      3911 S Main St, Roswell, NM
      View Details
    • $3,000/Mo

      Retail Space Near Roswell Mall

      Retail space with high visibility near major retailers.
      4504 N Main St, Roswell, NM
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located on Main St, near Walmart and Roswell Mall.
      4511 N Main St, Roswell, NM 88201
      View Details
    • Contact for pricing

      Affordable Multifamily Asset For Rent

      60-unit Roswell, New Mexico multifamily asset with HAP contract.
      1515 S Sunset Ave, Roswell, NM
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding restaurant with drive-thru on high-traffic N Main Street.
    Where is this drive through restaurant located?
    The property is located at 2407 N Main St Roswell, NM.
    What are key features of this property?
    This property features: Premier Roswell location on N Main Street with high visibility.; High daily traffic count of 27,129 vehicles.; Includes all fixtures, furniture, and equipment (FF&E).
    (330) 645-5335 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Flora Koller
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!