Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Los Lunas Office Building For Sale Title is generated by Realmo AI

    428 Los Lentes Rd. SE, Los Lunas, NM 87031

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $888,860

    12,698 SF office building on 1.482 acres in Los Lunas.

    Type:Office
    Property size:
    12,698 SF
    Price / SF:
    $70/SF
    Added:
    Nov 21, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 6 at 12:08 am

    Property Features for 428 Los Lentes Rd. SE

    General Information

    Standard status
    Active
    Size
    12,698 SF
    Property subtype
    Office

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Walt Arnold, CCIM, SIOR

    Listing agent Walt Arnold, CCIM, SIOR License #NM #9117

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Walt Arnold, CCIM, SIOR

    HighLights

    • Great Location near Main Street and only two miles to I‑25.
    • 12,698 square feet of good quality professional office space.
    • Ample Fenced Parking.
    • Zoned Community Commercial.
    • Two Office Units.
    • Situated on approximately 1.482 acres.

    Overview

    The property features 12,698 square feet of professional office space of good quality. It is situated on approximately 1.482 acres along the east side of Los Lentes Rd. in Los Lunas, New Mexico. The property includes two office units and ample fenced parking. It is zoned Community Commercial and located near Main Street, approximately two miles from I-25. The location offers many nearby amenities and a quiet neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Youth Development Inc Child Welfare Organization Kristen L. Fudzinski, ... Counselor TeamBuilders Behavioral Health Medical Clinic Marie Gutierrez-Diaz Foster Care Service Annalisa Golowacz, MA Counselor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.729
    Latitude
    34.8026

    Nearby Similar for Sale

    • $525,000

      Renovated Live-Work Property in Los Lunas

      Fully renovated 5-bed, 4-bath property with live-work potential.
      1067 New Mexico 314 NW, Los Lunas, NM 87031
      View Details
    • $600,000
      3,240 SF

      Los Lunas Fourplex Opportunity

      Fourplex in Los Lunas near schools, restaurants, and stores.
      1345-1351 LOS LENTES Road NE, Los Lunas, NM 87031
      View Details
    • $595,000

      Retail Property in Growing Los Lunas

      Fully occupied retail property on a corner lot in Los Lunas.
      3378 HIGHWAY 47, Los Lunas, NM 87031
      View Details
    • $1,350,000
      8,200 SF

      Los Lunas Warehouse For Sale

      Stand-alone warehouse in Los Lunas, NM, with established tenant.
      111 Lujan Rd. SE, Los Lunas, NM 87031
      View Details
    • $830,000
      3,350 SF

      Retail Strip Center For Sale

      Fully leased retail strip center in Los Lunas, New Mexico.
      3459 Highway 47, Los Lunas, NM
      View Details
    • $3,400

      Land with Mountain Views

      Land for sale featuring mountain views in Los Lunas.
      Rio Del Oro, Los Lunas, NM 87031
      View Details
    • $925,000

      Los Lunas Commercial Investment Property

      Two buildings leased to Optum on 1.25 acres.
      111 & 127 Sandoval Road, Los Lunas, NM 87031
      View Details
    • $1,310,000

      Los Lunas Retail Stripcenter

      Six-unit retail stripcenter with one vacancy in Los Lunas, NM.
      959 NM-314, Los Lunas, NM
      View Details
    • $3,000,000

      Los Lunas Mobile Home Park

      Mobile home park and storage units in Los Lunas, New Mexico.
      3149 Highway 47, Los Lunas, NM
      View Details
    • Contact for pricing
      13,600 SF

      Los Lunas Fourplex Investment Opportunity

      Four fourplexes near Rail Runner Station in Los Lunas.
      274 Village Drive, Los Lunas, NM 87031
      View Details
    • $255,000

      Los Lunas Land with Utilities

      2.55 acre lot with utilities and single-family residence.
      241 El Cerro Lp, Los Lunas, NM 87031
      View Details
    • $899,600
      12,698 SF

      Los Lunas Office Space

      12,698 SF office building on 1.482 acres.
      428 Los Lentes Rd SE, Los Lunas, NM 87031
      View Details

    FAQs

    What type of property is this?
    Office building - 12,698 SF office building on 1.482 acres in Los Lunas.
    Where is this office building located?
    The property is located at 428 Los Lentes Rd. SE Los Lunas, NM.
    What is the asking price?
    The asking price for this property is $888,860.
    What are key features of this property?
    This property features: Great Location near Main Street and only two miles to I‑25.; 12,698 square feet of good quality professional office space.; Ample Fenced Parking.
    (505) 256-1255
    We can help!
    Listing Contact
    Walt Arnold, CCIM, SIOR
    Real Estate License ID: NM #9117
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    428 Los Lentes Rd. SE, Los Lunas, NM 87031
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!