Corner Retail and Greenhouse
4883 Highway 314 Sw Los Lunas, NM 87031
For Sale
$475,000
Corner commercial building with retail, office space, and greenhouses plus a documented, metered water supply.
Property Size1,500 SF
Price / SF$316.67
Days on Market147
Property Features for 4883 Highway 314 Sw
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing Agency:
Keller Williams Realty
(505) 710-2311
Listed By:
Shalamaree D Luna-Hicks · License #48134
(505) 710-2311
Source:
Exprealty
Added: Feb 27
Changed: Jul 10
Last Checked: Jul 23 at 3:19PM
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.
This corner commercial property includes a 30-by-50 building with retail space, offices, and restrooms, along with two large greenhouses. One greenhouse is fully working, with minor repairs needed due to non-use, while the second greenhouse requires some work and repairs. For additional operations support, the site includes a 40-foot container for storage and a 20-foot container that has been converted into a commercial kitchen.
The property is positioned on a corner of a very busy state highway and a busy residential street, creating strong day-to-day storefront visibility and practical access for retail and service uses. The listing also states the property comes with commercial water rights that are documented and metered.
The configuration can fit a variety of tenant and owner-operator concepts that need both indoor commercial space and greenhouse production or sales. With dedicated office space, restrooms, and an on-site commercial kitchen container, the site may be workable for businesses that combine retail with food preparation and/or nursery and greenhouse operations, subject to applicable approvals. The mix of working and repair-needed components also gives buyers a clear starting point for renovations and tailoring the property to their specific operating plan.
The property is positioned on a corner of a very busy state highway and a busy residential street, creating strong day-to-day storefront visibility and practical access for retail and service uses. The listing also states the property comes with commercial water rights that are documented and metered.
The configuration can fit a variety of tenant and owner-operator concepts that need both indoor commercial space and greenhouse production or sales. With dedicated office space, restrooms, and an on-site commercial kitchen container, the site may be workable for businesses that combine retail with food preparation and/or nursery and greenhouse operations, subject to applicable approvals. The mix of working and repair-needed components also gives buyers a clear starting point for renovations and tailoring the property to their specific operating plan.
Key Highlights
- Corner commercial property on a busy state highway and busy residential street
- 30x50 building with retail space, offices, and a restroom
- Two large greenhouses: one fully working (minor repairs from nonuse), the other needing minor work/repairs
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $19.80 |
| − Vacancy | −$5.9k | −$3.96 |
| EGI | $23.8k | $15.84 |
| − OpEx | −$5.9k | −$3.96 |
| NOI | $17.8k | $11.88 |
1,500 SF · lease $19.80/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$183.2K
$160.3K – $213.7K
NOI $12,821 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Corner commercial building with retail, office space, and greenhouses plus a documented, metered water supply.
Where is this retail space located?
The property is located at 4883 Highway 314 Sw Los Lunas, NM.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Corner commercial property on a busy state highway and busy residential street; 30x50 building with retail space, offices, and a restroom; Two large greenhouses: one fully working (minor repairs from nonuse), the other needing minor work/repairs
