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 Market20
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:
Sonoran Holdings, LLC
(505) 818-5280
Listed By:
Missy Ashcraft
(505) 362-6823
Source:
Missyashcraft
Added: Sep 28
Changed: Oct 16
Last Checked: Oct 16 at 9:21AM
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 Sonoran Holdings, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
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.
How Realmo checks its estimates
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
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
