Metal Manufacturing Shop with
For Sale
$269,000
311 Don Diego Street SE, Los Lunas, NM 87031
CommercialSale, Los Lunas, NM
Property Size1,860 SF
Lot Size0.24 Acres
Price / SF$144.62
Days on Market308
Property Features for 311 Don Diego Street SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1
Parking
6
Parking features
Guest
Fencing
Fenced
Directions
From I-25 and Main St in Los Lunas, go east to Don Diego St., then go south to Property.
Subdivision
700 - Los Lunas
Standard status
Active
APN
1009038476227000000
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
1237
Building Details
Floors in Building
1
Building materials
MetalFrame, MetalSiding
Listing Agency:
Gerald Chavez Realty Inc
(505) 865-4671
Listed By:
Frank X Villalobos · License #38582
(505) 720-4096
Added: Dec 10, 2025
Changed: Sep 22
Last Checked: Oct 14 at 9:06AM
MLS# 1095718
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.
Investment Insights
Based on property information with market context.
This C-1-zoned manufacturing property includes a 31' x 60' metal shop with an office and restroom. Metal-frame construction, metal siding, fencing, guest parking, and access to city utilities are included. The building previously operated as a machine and welding shop, providing a documented industrial-use history.
Located in Los Lunas, the property occupies 0.24 acres and carries a Los Lunas mailing address in Valencia County. Its existing shop configuration and office component provide a functional base for continued manufacturing or related commercial operations, subject to applicable approvals.
Located in Los Lunas, the property occupies 0.24 acres and carries a Los Lunas mailing address in Valencia County. Its existing shop configuration and office component provide a functional base for continued manufacturing or related commercial operations, subject to applicable approvals.
Key Highlights
- 31' x 60' metal shop with office and restroom
- C‑1 zoning
- 0.24‑acre property in Los Lunas
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
Warehouse
$181.2K
$158.5K – $211.4K
NOI $12,683 @ 7.0% cap · market cap 4.71%
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.
How Realmo checks its estimates
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - C-1-zoned metal shop with office, restroom, fencing, and city utilities.
Where is this manufacturing property located?
The property is located at 311 Don Diego Street 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: 31' x 60' metal shop with office and restroom; C‑1 zoning; 0.24‑acre property in Los Lunas
