Mixed-Use Property with Retail
For Sale
$750,000
4723 Highway 314, Los Lunas, NM 87031
Two commercial suites are vacant within a five-unit retail center, alongside a leased double-wide mobile home.
Property Size6,283 SF
Price / SF$119.37
Days on Market10
Property Features for 4723 Highway 314
General Information
Standard status
Active
Size
6,283 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$750,000
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(505) 271-8200
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:37PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
The property combines a five-unit shopping center with a double-wide mobile home at the rear. Units A, B, and C are occupied, while Units D and E are vacant. One commercial suite has received fresh paint and new flooring. Improvements include a newer roof, commercial septic system, and new driveway. The mobile home has a separate rear entrance and is leased to a long-term tenant.
Located along NM-314 in Los Lunas, the property sits on an established commercial corridor. The center includes retail suites, with two currently vacant.
Located along NM-314 in Los Lunas, the property sits on an established commercial corridor. The center includes retail suites, with two currently vacant.
Key Highlights
- Five‑unit retail center with Units D and E vacant
- Double‑wide mobile home at the rear, leased to a long‑term tenant
- Newer roof, commercial septic system, and new driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,374
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,480
$1.2M
Cap Rate 7%
$848,200
$848.2K
Cap Rate 9%
$659,711
$659.7K
Market Conditions
NOI Build-Up for 6,283 SF
Gross rent
$105.6K $16.80/SF
− Vacancy
−$10.6K −$1.68/SF
EGI
$95.0K $15.12/SF
− OpEx
−$35.6K −$5.67/SF
NOI
$59.4K $9.45/SF
Area
Valencia County, NM
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,480
Cap Rate 7%
$848,200
Cap Rate 9%
$659,711
Alternative Uses
Best Use
Mixed Use
$848.2K
$742.2K – $989.6K
NOI $59,374 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$767.2K
$671.3K – $895.0K
NOI $53,701 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,943 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Allsups
Shops & Services
7,128 visits/mo
0.2 miles
Valero Energy
Shops & Services
5,736 visits/mo
0.2 miles
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
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?
Mixed-use property - Two commercial suites are vacant within a five-unit retail center, alongside a leased double-wide mobile home.
Where is this mixed-use property located?
The property is located at 4723 Highway 314 Los Lunas, 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: Five‑unit retail center with Units D and E vacant; Double‑wide mobile home at the rear, leased to a long‑term tenant; Newer roof, commercial septic system, and new driveway
