Warehouse with Office and
302 S LIGHT PLANT Road Aztec, NM 87410
302 S LIGHT PLANT Road, Aztec, NM, 87410
Contact for pricing
For Sale
Contact for pricing
Pending
Includes a 3,200 sq. ft. shop and 1,920 sq. ft. office plus two long covered carport/shed buildings.
Property Size5,120 SF
Days on Market547
Property Features for 302 S LIGHT PLANT Road
General Information
- Standard status
- Pending
- Size
- 5,120 SF
- Property subtype
- Special Purpose, Land
Listing agency
Coldwell Banker Cornerstone Realty
(970) 660-5323
Listed by
Rick Mace · License #NM
Source
Crexi
Added: Jan 21, 2025 Updated: Jul 21 at 3:13PM Checked: Jul 21 at 3:13PM
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 Coldwell Banker Cornerstone Realty
Investment Insights
Based on property information with market context.
This for-sale commercial property totals 5,120 sq. ft. and combines shop and office space in one main building, consisting of approximately 3,200 sq. ft. of shop area and approximately 1,920 sq. ft. of office area. In addition, the site includes two separate long, covered carport/shed buildings: a 300 ft. long structure of approximately 11,598 sq. ft. and a second 168 ft. long covered carport/shed of approximately 6,712 sq. ft.
The property is located at 302 S Light Plant Road in Aztec, New Mexico, with directions noted as south on Light Plant Road from West Aztec Blvd./NM 516.
The layout provides a primary indoor shop and office component alongside substantial covered storage and work area under the two large shed structures, supporting a range of warehouse and light industrial uses.
The property is located at 302 S Light Plant Road in Aztec, New Mexico, with directions noted as south on Light Plant Road from West Aztec Blvd./NM 516.
The layout provides a primary indoor shop and office component alongside substantial covered storage and work area under the two large shed structures, supporting a range of warehouse and light industrial uses.
Key Highlights
- Commercial building total of 5,120 sq. ft. (3,200 sq. ft. shop and 1,920 sq. ft. office).
- Includes a 300 ft. long carport/shed building totaling 11,598 sq. ft.
- Includes a 168 ft. long covered carport/shed building totaling 6,712 sq. ft.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $9.48 |
| − Vacancy | −$3.6k | −$0.71 |
| EGI | $44.9k | $8.77 |
| − OpEx | −$13.5k | −$2.63 |
| NOI | $31.4k | $6.14 |
5,120 SF · lease $9.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$653.0K
$571.4K – $761.9K
NOI $45,711 @ 7.0% cap · market cap 11.43%
Second Best
Warehouse
$545.2K
$477.0K – $636.1K
NOI $38,163 @ 7.0% cap · market cap 9.54%
Theoretical Best
Office A
$1.06M
$926.8K – $1.24M
NOI $74,143 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Includes a 3,200 sq. ft. shop and 1,920 sq. ft. office plus two long covered carport/shed buildings.
Where is this flex space located?
The property is located at 302 S LIGHT PLANT Road Aztec, NM.
What is the asking price?
The asking price for this property is $399,888.
What are key features of this property?
This property features: Commercial building total of 5,120 sq. ft. (3,200 sq. ft. shop and 1,920 sq. ft. office).; Includes a 300 ft. long carport/shed building totaling 11,598 sq. ft.; Includes a 168 ft. long covered carport/shed building totaling 6,712 sq. ft.
