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    Licensed Dispensary with Commercial Property Title is generated by Realmo AI

    4354 Us 64, Kirtland, NM 87417

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    For Sale
    $750,000

    Profitable, fully licensed dispensary with commercial property for sale.

    Property size:
    5,000 SF
    Lot size:
    2.38 Acres
    Price / SF:
    $150/SF
    Added:
    Aug 28, 2025
    Days on Market:
    268
    Last Refresh:
    Jan 20 at 10:19 am

    Property Features for 4354 Us 64

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    2.38 Acres

    We can help!

    Listing Contact
    Dave Dailey
    Dave Dailey

    Listing agent Dave Dailey License #53774NM

    Listing office San Juan Realty

    Listing date Aug 28, 2025

    Source Exprealty

    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 San Juan Realty

    HighLights

    • Fully licensed and profitable dispensary with commercial property included.
    • Prime highway frontage location off US 64 on 2.38 acres with room to expand.
    • 5,000 sq. ft. of versatile space including retail, office, storage, and warehouse potential.
    • Outside of city limits, allowing for potential opportunities like a consumption lounge.
    • Additional income from leased billboard on a separate fenced lot.
    • Turnkey business with multiple revenue streams.

    Overview

    This is an opportunity to acquire a profitable, fully licensed dispensary along with the commercial property from which it operates. Located off US 64 at the entrance to Kirtland, the property includes 5,000 square feet of space on 2.38 acres of fenced and cross-fenced land, featuring highway frontage and expansion potential. The building comprises a retail/showroom area, reception, flexible office space, storage including a 10x16 secure vault, restrooms, and warehouse/shop potential. Ample paved parking, fencing, outdoor lighting, and security cameras are in place. Situated in the county rather than within city limits, the property allows for opportunities such as the possibility of a future consumption lounge. An additional separately fenced lot to the east includes a billboard that is currently leased month-to-month, generating extra income and transferring with the sale. This turnkey business and property package is suitable for expanding an existing brand or entering the cannabis industry.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $549.3K
    NOI $49,439 @ 9.00% cap · cautious / downside scenario
    Moderate
    $706.3K
    NOI $49,439 @ 7.00% cap · market / base-case scenario
    Aggressive
    $988.8K
    NOI $49,439 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $73.8k $14.76
    − Vacancy −$3.2k −$0.63
    EGI $70.6k $14.13
    − OpEx −$21.2k −$4.24
    NOI $49.4k $9.89
    5,000 SF · lease $14.76/SF/yr · vacancy 4.30% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $706.3K
    $618.0K – $824.0K (±1% cap)
    NOI $49,439 @ 7.0% cap · market cap 6.59%
    Second Best
    Warehouse
    $532.4K
    $465.9K – $621.1K (±1% cap)
    NOI $37,268 @ 7.0% cap · market cap 4.97%
    Theoretical Best
    Office A
    $1.03M
    $905.1K – $1.21M (±1% cap)
    NOI $72,405 @ 7.0% cap · market cap 9.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Storage Facility Discount Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirtland
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.331
    Latitude
    36.7356

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    FAQs

    What type of property is this?
    Retail space - Profitable, fully licensed dispensary with commercial property for sale.
    Where is this retail space located?
    The property is located at 4354 Us 64 Kirtland, NM.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Fully licensed and profitable dispensary with commercial property included.; Prime highway frontage location off US 64 on 2.38 acres with room to expand.; **5,000 sq. ft. of versatile space** including retail, office, storage, and warehouse potential.
    (505) 860-2652
    We can help!
    Listing Contact
    Dave Dailey
    Dave Dailey
    Real Estate License ID: 53774NM
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    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
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    4354 Us 64, Kirtland, NM, 87417-9421
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