Mixed-Use Property with Retail
New
For Sale
$500,000
315 W Reinken Ave, Belen, NM 87002
CR commercial/residential zoning supports a blend of commercial and residential uses.
Property Size4,302 SF
Price / SF$116.23
Days on Market3
Property Features for 315 W Reinken Ave
General Information
Standard status
Active
Size
4,302 SF
Zoning
CR
Additional Details
Anchor Co-Tenants
Amor Flower Shop
Building Details
Tenancy
Multi
Listing Agency:
Coba Investment Company
Listed By:
Sonya M Sanchez
(505) 217-6904
Source:
Albuquerquehomefinders
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:13PM
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 Coba Investment Company
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Investment Insights
Based on property information with market context.
This 4,302-square-foot mixed-use building in Belen includes retail space occupied by Amor Flower Shop and two additional tenant spaces. The flower shop area measures approximately 2,200 square feet. The property carries CR zoning, identified as Commercial/Residential, and is being sold as is. The building formerly housed a public library.
At 315 W Reinken Ave, the property sits directly across from Anna Becker Park. The flower shop space may be vacated by the owner for a long-term tenant, while the other two tenancies are month-to-month.
At 315 W Reinken Ave, the property sits directly across from Anna Becker Park. The flower shop space may be vacated by the owner for a long-term tenant, while the other two tenancies are month-to-month.
Key Highlights
- 4,302‑square‑foot mixed‑use property
- CR Commercial/Residential zoning
- Approximately 2,200‑square‑foot floral shop space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,654
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,080
$813.1K
Cap Rate 7%
$580,771
$580.8K
Cap Rate 9%
$451,711
$451.7K
Market Conditions
NOI Build-Up for 4,302 SF
Gross rent
$72.3K $16.80/SF
− Vacancy
−$7.2K −$1.68/SF
EGI
$65.0K $15.12/SF
− OpEx
−$24.4K −$5.67/SF
NOI
$40.7K $9.45/SF
Area
Valencia County, NM
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,080
Cap Rate 7%
$580,771
Cap Rate 9%
$451,711
Alternative Uses
Best Use
Mixed Use
$580.8K
$508.2K – $677.6K
NOI $40,654 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$525.3K
$459.6K – $612.8K
NOI $36,769 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$889.6K
$778.4K – $1.04M
NOI $62,269 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 87002, NM
21,225
Population
9,210
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
84%
High-School Grad
598.3 sq mi
ZIP Area
35
Density / Sq Mi
$51,537
Median Household Income
$30,896
Median Earnings
$859
Median Rent
$183,700
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CR commercial/residential zoning supports a blend of commercial and residential uses.
Where is this mixed-use property located?
The property is located at 315 W Reinken Ave Belen, NM.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,302‑square‑foot mixed‑use property; CR Commercial/Residential zoning; Approximately 2,200‑square‑foot floral shop space
