Building Details

Building Size 39,385 SF

Listing Agency: Garsa Group

Listed By: Joel Cumplido · License #NM 51964 Show Phone

Source: Crexi

Added: Aug 31 Changed: Oct 3 Last Checked: Oct 16 at 6:07AM

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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 Garsa Group

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Investment Insights

Based on property information with market context.

This mixed-use property includes approximately 39,385 square feet of building area on approximately 17.30 acres. The property is fully leased, providing an existing occupancy profile for review. The offering is located at 30 Frontage Road in Placitas, New Mexico, with the building and underlying acreage included together. A pro forma cap rate of 6.73% is identified for the property.

Key Highlights

• Approximately 39,385 SF of building area
• Approximately 17.30 acres of land
• 100% leased occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$376,619

Cap Rate

5.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,532,380 $7.5M

Cap Rate 7%

$5,380,271 $5.4M

Cap Rate 9%

$4,184,656 $4.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 39,385 SF

Gross rent

$708.9K $18.00/SF

− Vacancy

−$106.3K −$2.70/SF

EGI

$602.6K $15.30/SF

− OpEx

−$226.0K −$5.74/SF

NOI

$376.6K $9.56/SF

Area

Sandoval County, NM

Vacancy

15.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,532,380

Cap Rate 7%

$5,380,271

Cap Rate 9%

$4,184,656

Alternative Uses

Best Use

Mixed Use

$5.38M

$4.71M – $6.28M (±1% cap)

NOI $376,619 @ 7.0% cap · market cap 5.88%

Second Best

Retail

$4.81M

$4.21M – $5.61M (±1% cap)

NOI $336,624 @ 7.0% cap · market cap 5.26%

Theoretical Best

Office A

$8.01M

$7.01M – $9.34M (±1% cap)

NOI $560,452 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Villanueva Granite & Tile ... Building Supply Titan Construction Products ... Industrial Manufacturer Leaf and Flower - Placitas (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Repair Shop Electrical Service Hair Salon Garden Center Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

Explore this area Business Placement

Demographics for 87043, NM

5,090

Population

2,349

Households

2.2

Avg Household Size

62

Median Age

60%

College-Educated

99%

High-School Grad

107.7 sq mi

ZIP Area

47

Density / Sq Mi

$110,268

Median Household Income

$59,185

Median Earnings

$1,869

Median Rent

$520,200

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully leased commercial property combining substantial building and land components.

Where is this mixed-use property located?

The property is located at 30 Frontage Road Placitas, NM.

What is the asking price?

The asking price for this property is $6,400,000.

What are key features of this property?

This property features: Approximately 39,385 SF of building area; Approximately 17.30 acres of land; 100% leased occupancy