Highway Restaurant
For Sale
Contact for pricing
4130 US 64, Kirtland, NM 87417
Restaurant improvements and additional land are served by city water and sewer.
Property Size3,044 SF
Lot Size3.00 Acres
Price / SF$163.93
Days on Market187
Property Features for 4130 US 64
General Information
Standard status
Active
Size
3,044 SF
Lot size
3.00 Acres
Property subtype
Business for Sale
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Real Estate PROS
(505) 793-6108
Listed By:
Scott Hawkes · License #50702
Source:
Crexi
Added: Feb 25
Changed: Aug 30
Last Checked: Aug 30 at 6:34PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,574
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$631,480
$631.5K
Cap Rate 7%
$451,057
$451.1K
Cap Rate 9%
$350,822
$350.8K
Market Conditions
NOI Build-Up for 3,044 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $44,080 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
