6-Unit Storefront
For Sale
$475,000
3 George Court, Edgewood, NM 87015
Commercial Sale, Edgewood, NM
Property Size3,400 SF
Lot Size0.70 Acres
Price / SF$139.71
Days on Market258
Property Features for 3 George Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ABQ Bernalillo
Parking
8
Directions
I40 East to Edgewood. Head right to NM 333 Turn right. Take to George Court. Turn right
Subdivision
260 - South 217
Standard status
Active
APN
099001240
Lot size
0.70 Acres
Taxes and HOA fees
Tax Description
Lot 16-A1, .6987 Ac, S28 T10n R7e ;Pm1-039-056-303-378
Tax Annual Amount
4892
Legal Description
Lot 16-A1, .6987 Ac, S28 T10n R7e ;Pm1-039-056-303-378
Amenities
storage units
Building Details
Floors in Building
1
Buildings
1
Listing Agency:
Couture Brokerage
Listed By:
Toni-Lei Renee Ponic · License #15258
(505) 321-3259
Added: Feb 19
Changed: Oct 30
Last Checked: Nov 3 at 2:06AM
MLS# 1099485
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 6-unit storefront property contains 3,400 square feet and sits on a 0.7-acre parcel. Ten individual storage units are located on-site, along with eight designated parking spaces. The property is in Edgewood, New Mexico, and carries the zoning designation ABQ Bernalillo.
Key Highlights
- 6‑unit commercial building with 3,400 square feet
- 0.7‑acre parcel in Edgewood, NM
- 10 individual storage units on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,118
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
$862.4K
Cap Rate 7%
$615,971
$616.0K
Cap Rate 9%
$479,089
$479.1K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$67.3K $19.80/SF
− Vacancy
−$5.7K −$1.68/SF
EGI
$61.6K $18.12/SF
− OpEx
−$18.5K −$5.44/SF
NOI
$43.1K $12.68/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
Cap Rate 7%
$615,971
Cap Rate 9%
$479,089
Alternative Uses
Best Use
Retail
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.2K
$807.8K – $1.08M
NOI $64,627 @ 7.0% cap · market cap 13.61%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Starbucks
Dining
11,924 visits/mo
0.5 miles
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Separate on-site storage units and designated parking accompany the commercial spaces.
Where is this storefront property located?
The property is located at 3 George Court Edgewood, NM.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6‑unit commercial building with 3,400 square feet; 0.7‑acre parcel in Edgewood, NM; 10 individual storage units on‑site
