Manufacturing Shop with
For Sale
$269,000
311 Don Diego St SE, Los Lunas, NM 87031
Metal shop with office, bathroom, city utilities, and C-1 zoning in Los Lunas.
Property Size1,860 SF
Price / SF$144.62
Days on Market51
Property Features for 311 Don Diego St SE
General Information
Standard status
Active
Size
1,860 SF
Zoning
C-1
Additional Details
Utilities to Site
Yes
Building Details
Construction
metal
Listing Agency:
Gerald Chavez Realty Inc
Listed By:
Frank X Villalobos · License #38582
(505) 720-4096
Source:
Thesouthwestlife
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 4:24PM
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 Gerald Chavez Realty Inc
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Investment Insights
Based on property information with market context.
This manufacturing property includes an approximately 1,860-square-foot metal shop measuring 31 feet by 60 feet, along with an office and bathroom. The building previously operated as a machine and welding shop, providing a documented industrial-use history.
Located at 311 Don Diego St SE in Los Lunas, the property has access to city utilities and is zoned C-1. The existing shop configuration and dedicated office area support continued commercial or production-oriented use, subject to applicable zoning requirements.
Located at 311 Don Diego St SE in Los Lunas, the property has access to city utilities and is zoned C-1. The existing shop configuration and dedicated office area support continued commercial or production-oriented use, subject to applicable zoning requirements.
Key Highlights
- 1,860‑square‑foot metal shop
- 31‑foot by 60‑foot building footprint
- Includes office and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,365
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,300
$327.3K
Cap Rate 7%
$233,786
$233.8K
Cap Rate 9%
$181,833
$181.8K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$26.8K $14.40/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$25.2K $13.54/SF
− OpEx
−$8.8K −$4.74/SF
NOI
$16.4K $8.80/SF
Area
Valencia County, NM
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,300
Cap Rate 7%
$233,786
Cap Rate 9%
$181,833
Alternative Uses
Best Use
Flex RnD
$233.8K
$204.6K – $272.8K
NOI $16,365 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$159.0K
$139.2K – $185.5K
NOI $11,132 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$384.6K
$336.5K – $448.7K
NOI $26,922 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Metal shop with office, bathroom, city utilities, and C-1 zoning in Los Lunas.
Where is this manufacturing property located?
The property is located at 311 Don Diego St SE Los Lunas, NM.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1,860‑square‑foot metal shop; 31‑foot by 60‑foot building footprint; Includes office and bathroom
