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Commercial Corner Lot on Reinken

301 E REINKEN Avenue, Belen, NM 87002

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For Sale

$340,000

2220 sq ft building on a corner lot.

Property size:

2,179 SF

Lot size:

0.05 Acres

Price / SF:

$156/SF

HighLights

High‑traffic corner lot on Reinken Ave, offering excellent visibility and accessibility.
C‑1 zoning allows for a wide range of commercial uses (auto sales, bank, restaurant, etc.).
2220 sq ft building provides a customizable space.
Convenient location near railroad station, parks, downtown Belen, and I‑25.
Refrigerated air and heating are already installed.
Ample parking with 20 spaces available on‑site.

We can help!

Listing Contact

The Rojas Team

For Sale

$340,000

2220 sq ft building on a corner lot.

Property size:

2,179 SF

Lot size:

0.05 Acres

Price / SF:

$156/SF

Added:: Sep 12, 2024
Days on Market:: 642
Last Refresh:: May 13 at 8:06 pm

Property Features for 301 E REINKEN Avenue

General Information

Standard status: Active
Size: 2,179 SF
Lot size: 0.05 Acres
Property subtype: Other

We can help!

Listing Contact

The Rojas Team

Listing agent The Rojas Team

Listing office Real Broker, LLC

Listing date Sep 12, 2024

Source Xome

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 Real Broker, LLC

HighLights

High‑traffic corner lot on Reinken Ave, offering excellent visibility and accessibility.
C‑1 zoning allows for a wide range of commercial uses (auto sales, bank, restaurant, etc.).
2220 sq ft building provides a customizable space.
Convenient location near railroad station, parks, downtown Belen, and I‑25.
Refrigerated air and heating are already installed.
Ample parking with 20 spaces available on‑site.

Overview

Located on a busy corner lot on Reinken Avenue, this commercial property is situated minutes from the railroad station, parks, the downtown area, and I-25. The property includes a 2220 sq ft building equipped with refrigerated air and heating, presenting a versatile space for customization. The zoning is C-1, allowing for a wide array of uses including auto sales and services, banks, cabinet makers, assisted living facilities, clinics, construction and building trades, pharmacies, farm supplies and sales, laundromats and dry cleaning services, lumber yards, motorcycle sales, moving and transfer companies, railroad depots, rental services, restaurants, schools, public and private utilities, and veterinary services. Other outbuildings do not convey.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.1k	$19.80
− Vacancy	−$8.6k	−$3.96
EGI	$34.5k	$15.84
− OpEx	−$8.6k	−$3.96
NOI	$25.9k	$11.88

2,179 SF · lease $19.80/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$369.8K

$323.6K – $431.5K (±1% cap)

NOI $25,887 @ 7.0% cap · market cap 7.61%

Second Best

Mixed Use

$294.2K

$257.4K – $343.2K (±1% cap)

NOI $20,592 @ 7.0% cap · market cap 6.06%

Theoretical Best

Office A

$450.6K

$394.3K – $525.7K (±1% cap)

NOI $31,540 @ 7.0% cap · market cap 9.28%

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

Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Location Insight

Map
Local Demand

City: Belen
County: Valencia
State: New Mexico
Longitude: -106.7638642
Latitude: 34.6600457

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For sale
Mixed-use properties
NM
Belen
87002
301 E REINKEN Avenue

What type of property is this?

Mixed-use property - 2220 sq ft building on a corner lot.

Where is this mixed-use property located?

The property is located at 301 E REINKEN Avenue Belen, NM.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: High‑traffic corner lot on Reinken Ave, offering excellent visibility and accessibility.; C‑1 zoning allows for a wide range of commercial uses (auto sales, bank, restaurant, etc.).; 2220 sq ft building provides a customizable space.