Office Building with Separate
For Sale
$399,000
4843 Highway 314 SW, Los Lunas, NM 87031
House-style property includes a utility-served back lot and may accommodate service-oriented commercial uses, subject to zoning.
Property Size1,544 SF
Price / SF$258.42
Days on Market82
Property Features for 4843 Highway 314 SW
General Information
Standard status
Active
Size
1,544 SF
Additional Details
Utilities to Site
Yes
Listing Agency:
LPT Realty
Listed By:
Theresa L Jacobson · License #47956
(505) 315-2825
Source:
Thesouthwestlife
Added: Jul 25
Changed: Oct 2
Last Checked: Oct 13 at 12:53AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This office-class property includes a house-style structure with its own septic tank, gas connection, and well. The rear lot has a separate address and independent septic tank, gas connection, and well; the mobile home previously located there has been removed.
Potential applications identified for the property include chiropractic, hair salon, and nail salon uses, along with other possibilities subject to Valencia County Planning and Zoning review. Horse use is permitted, with the number of animals and applicable requirements subject to zoning confirmation. The property is located at 4843 Highway 314 SW in Los Lunas, New Mexico.
Potential applications identified for the property include chiropractic, hair salon, and nail salon uses, along with other possibilities subject to Valencia County Planning and Zoning review. Horse use is permitted, with the number of animals and applicable requirements subject to zoning confirmation. The property is located at 4843 Highway 314 SW in Los Lunas, New Mexico.
Key Highlights
- House‑style structure with its own septic tank, gas connection, and well
- Rear lot has a separate address and independent septic tank, gas connection, and well
- Mobile home formerly on the rear lot has been removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,343
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,860
$366.9K
Cap Rate 7%
$262,043
$262.0K
Cap Rate 9%
$203,811
$203.8K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$30.6K $19.80/SF
− Vacancy
−$6.1K −$3.96/SF
EGI
$24.5K $15.84/SF
− OpEx
−$6.1K −$3.96/SF
NOI
$18.3K $11.88/SF
Area
Valencia County, NM
Vacancy
20.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,860
Cap Rate 7%
$262,043
Cap Rate 9%
$203,811
Alternative Uses
Best Use
Office B
$262.0K
$229.3K – $305.7K
NOI $18,343 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.3K
$279.4K – $372.5K
NOI $22,348 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - House-style property includes a utility-served back lot and may accommodate service-oriented commercial uses, subject to zoning.
Where is this office building located?
The property is located at 4843 Highway 314 SW Los Lunas, NM.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: House‑style structure with its own septic tank, gas connection, and well; Rear lot has a separate address and independent septic tank, gas connection, and well; Mobile home formerly on the rear lot has been removed
