Restaurant Building with Dedicated
For Sale
$630,000
418 S Main St, Belen, NM 87002
Restaurant-ready building with a dedicated kitchen, multiple rooms, and two restroom areas for flexible commercial use.
Property Size4,792 SF
Price / SF$131.47
Days on Market179
Property Features for 418 S Main St
General Information
Standard status
Active
Size
4,792 SF
Additional Details
Business Included
Yes
Listing Agency:
Realty One Group Concierge
(575) 779-9464
Listed By:
Juan J Sanchez
(575) 779-9464
Source:
Exprealty
Added: Feb 9
Changed: Jul 10
Last Checked: Jul 31 at 7:39PM
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 Realty One Group Concierge
Investment Insights
Based on property information with market context.
This well-positioned commercial building was previously utilized as a restaurant and offers approximately 4,792 square feet of interior space. The layout includes multiple separate rooms, two restroom areas, and a dedicated kitchen area, giving an operator or buyer workable flexibility for a range of commercial concepts (buyer to verify permitted use). The property is presented as adaptable commercial space with its core restaurant infrastructure already in place.
The building is located just off Main Street, supporting convenient access and visibility for customer-facing uses. Its central positioning can be helpful for businesses that rely on walk-in traffic and easy directions for tenants and patrons.
For owner-users, the dedicated kitchen and multiple room configuration can support restaurant operations and back-of-house needs, while still allowing room-based customization. For investors, the interior layout may offer merchandising or service flexibility beyond a single format, subject to confirming zoning and permitted uses with the appropriate authorities. Buyer to verify all permitted uses.
The building is located just off Main Street, supporting convenient access and visibility for customer-facing uses. Its central positioning can be helpful for businesses that rely on walk-in traffic and easy directions for tenants and patrons.
For owner-users, the dedicated kitchen and multiple room configuration can support restaurant operations and back-of-house needs, while still allowing room-based customization. For investors, the interior layout may offer merchandising or service flexibility beyond a single format, subject to confirming zoning and permitted uses with the appropriate authorities. Buyer to verify all permitted uses.
Key Highlights
- Restaurant‑ready commercial building with approximately 4,792 SF of interior space
- Multiple separate rooms plus dedicated kitchen area
- Two restroom areas
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
$46,373
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
7.36%
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%
$927,460
$927.5K
Cap Rate 7%
$662,471
$662.5K
Cap Rate 9%
$515,256
$515.3K
Market Conditions
NOI Build-Up for 4,792 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
$66.1K $13.80/SF
− Vacancy
−$4.3K −$0.90/SF
EGI
$61.8K $12.90/SF
− OpEx
−$15.5K −$3.23/SF
NOI
$46.4K $9.68/SF
Area
Valencia County, NM
Vacancy
6.50%
Lease Rate
$13.80 /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%
$927,460
Cap Rate 7%
$662,471
Cap Rate 9%
$515,256
Alternative Uses
Best Use
Specialty Retail
$662.5K
$579.7K – $772.9K
NOI $46,373 @ 7.0% cap · market cap 7.36%
Second Best
Industrial
$409.7K
$358.5K – $478.0K
NOI $28,680 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$990.9K
$867.0K – $1.16M
NOI $69,361 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-ready building with a dedicated kitchen, multiple rooms, and two restroom areas for flexible commercial use.
Where is this conventional restaurant located?
The property is located at 418 S Main St Belen, NM.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Restaurant‑ready commercial building with approximately 4,792 SF of interior space; Multiple separate rooms plus dedicated kitchen area; Two restroom areas
