49 ROAD 3150, Aztec, NM 87410

Listing Agency: Century21 SoWesCo Realty

Listed By: David McBee · License NM #41884 Show Phone

Source: Crexi

Added: Apr 17, 2024 Changed: Nov 1 Last Checked: Nov 12 at 6:48AM

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Investment Insights

Based on property information with market context.

This expansive commercial property spans 76.15 acres and includes two buildings. The first building totals approximately 5,040 square feet and contains about 2,600 square feet of office-related space, including a reception area, office space, two bathrooms, a break room, storage room, and an IT room. The same building also includes approximately 2,440 square feet of shop/warehouse space with two bay doors.

A second building provides approximately 2,536 square feet of additional space. The property has been used as a land farm.

Access is described as being just east off Road 350, and the address is listed as 49 Road 3150 in Aztec, New Mexico.

Key Highlights

• 76.15‑acre commercial property located just east off Road 350
• Two buildings totaling 7,576 sq. ft.
• Building 1 includes 2,600 sq. ft. with reception area, office space, 2 bathrooms, break room, storage room, and IT room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,469

Cap Rate

8.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,129,380 $1.1M

Cap Rate 7%

$806,700 $806.7K

Cap Rate 9%

$627,433 $627.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,576 SF

Gross rent

$71.8K $9.48/SF

− Vacancy

−$5.4K −$0.71/SF

EGI

$66.4K $8.77/SF

− OpEx

−$10.0K −$1.32/SF

NOI

$56.5K $7.45/SF

Area

San Juan County, NM

Vacancy

7.50%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,129,380

Cap Rate 7%

$806,700

Cap Rate 9%

$627,433

Alternative Uses

Best Use

Warehouse

$806.7K

$705.9K – $941.2K (±1% cap)

NOI $56,469 @ 7.0% cap · market cap 8.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,708 @ 7.0% cap · market cap 15.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Auto Parts Store Carpet & Flooring Store Auto Repair Shop Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 87410, NM

16,064

Population

6,402

Households

2.5

Avg Household Size

40

Median Age

17%

College-Educated

88%

High-School Grad

265.6 sq mi

ZIP Area

60

Density / Sq Mi

$51,283

Median Household Income

$31,436

Median Earnings

$802

Median Rent

$192,600

Median Home Value

Market

Average Price Trend$/SF for Warehouses in San Juan County, NM

$146 Jul

$127 Aug

$126 Sep

$124 Oct

Properties on Market for Warehouses in San Juan County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Two buildings totaling 7,576 sq. ft. support a land farm use, with shop/warehouse space featuring two bay doors.

Where is this warehouse located?

The property is located at 49 ROAD 3150 Aztec, NM.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 76.15‑acre commercial property located just east off Road 350; Two buildings totaling 7,576 sq. ft.; Building 1 includes 2,600 sq. ft. with reception area, office space, 2 bathrooms, break room, storage room, and IT room