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Listing Agency: Real Estate PROS

Listed By: Scott Hawkes · License #53887 Show Phone

Source: Crexi

Added: Feb 25 Changed: Oct 8 Last Checked: Oct 14 at 8:29PM

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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 Estate PROS

Investment Insights

Based on property information with market context.

This commercial restaurant property includes a 2,148-square-foot restaurant and a 14x60 manufactured home on approximately 3 acres. The existing improvements create an established site configuration, while the balance of the parcel provides room for future commercial development or additional site uses identified in the offering, including retail, service, storage, or vehicle and equipment parking.

The property fronts US Highway 64 in Kirtland, New Mexico, within the Kirtland and Farmington market area. City water and sewer are available, supporting the existing improvements and future planning for the undeveloped portion of the site. The address is 4130 US 64, Kirtland, NM 87417.

Key Highlights

• Approximately 3‑acre commercial parcel along US Highway 64
• Existing 2,148 sq ft restaurant improvement
• 14x60 manufactured home on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,574

Cap Rate

6.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$631,480 $631.5K

Cap Rate 7%

$451,057 $451.1K

Cap Rate 9%

$350,822 $350.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,044 SF

Gross rent

$44.9K $14.76/SF

− Vacancy

−$2.8K −$0.93/SF

EGI

$42.1K $13.83/SF

− OpEx

−$10.5K −$3.46/SF

NOI

$31.6K $10.37/SF

Area

San Juan County, NM

Vacancy

6.30%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$631,480

Cap Rate 7%

$451,057

Cap Rate 9%

$350,822

Alternative Uses

Best Use

Specialty Retail

$451.1K

$394.7K – $526.2K (±1% cap)

NOI $31,574 @ 7.0% cap · market cap 6.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$629.7K

$551.0K – $734.7K (±1% cap)

NOI $44,080 @ 7.0% cap · market cap 8.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Butcher Kitchen & Bath Showroom Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

52k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

15,400 visits/mo 0.3 miles

Speedway Shops & Services

10,881 visits/mo 0.1 miles

Family Dollar Shops & Services

9,226 visits/mo 0.3 miles

Dollar General Shops & Services

7,044 visits/mo 0.4 miles

AutoZone Shops & Services

5,838 visits/mo 0.4 miles

Demographics for 87417, NM

5,838

Population

1,961

Households

3

Avg Household Size

35

Median Age

11%

College-Educated

90%

High-School Grad

11.1 sq mi

ZIP Area

526

Density / Sq Mi

$65,396

Median Household Income

$35,246

Median Earnings

$799

Median Rent

$180,400

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant improvements and additional land are served by city water and sewer.

Where is this conventional restaurant located?

The property is located at 4130 US 64 Kirtland, NM.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Approximately 3‑acre commercial parcel along US Highway 64; Existing 2,148 sq ft restaurant improvement; 14x60 manufactured home on site