Retail Suites For
5 George Ct, Edgewood, NM 87015
For Sale
$720,000
Retail suites available and leased in Edgewood, New Mexico.
Property Size4,437 SF
Price / SF$162.27
Days on Market254
Property Features for 5 George Ct
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
NAI SunVista
Listed By:
Melody Torres
(505) 878-0001
Source:
Carnm.resimplifi
Added: Mar 2
Changed: Nov 5
Last Checked: Nov 10 at 5:15AM
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 NAI SunVista
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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.
This commercial real estate property features multiple retail suites. Suite 5-A is currently occupied by Subway with a lease expiring on December 31, 2028, and it has an area of approximately 1,200 square feet. Suites 5-B and 5-C are available, each offering approximately 1,170 square feet of space. Suite 5-D has an area of approximately 89 square feet.
Key Highlights
- Suite 5‑B: ±1,170 SF Available
- Suite 5‑C: ±1,170 SF Available
- Suite 5‑A: ±1,200 SF Tenant: Subway, lease expiration: 12/31/2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,270
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,400
$1.1M
Cap Rate 7%
$803,857
$803.9K
Cap Rate 9%
$625,222
$625.2K
Market Conditions
NOI Build-Up for 4,437 SF
Gross rent
$87.9K $19.80/SF
− Vacancy
−$7.5K −$1.68/SF
EGI
$80.4K $18.12/SF
− OpEx
−$24.1K −$5.44/SF
NOI
$56.3K $12.68/SF
Area
Santa Fe County, NM
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,400
Cap Rate 7%
$803,857
Cap Rate 9%
$625,222
Alternative Uses
Best Use
Specialty Retail
$963.2K
$842.8K – $1.12M
NOI $67,423 @ 7.0% cap · market cap 9.36%
Second Best
Retail
$803.9K
$703.4K – $937.8K
NOI $56,270 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,338 @ 7.0% cap · market cap 11.71%
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
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
69k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
McDonald's
Dining
33,446 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
12,658 visits/mo
0.4 miles
Starbucks
Dining
11,924 visits/mo
0.3 miles
Smith's Fuel Center
Shops & Services
7,436 visits/mo
0.4 miles
Blake's LotaBurger
Dining
2,265 visits/mo
0.5 miles
Demographics for 87015, NM
12,833
Population
6,593
Households
1.9
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
131.6 sq mi
ZIP Area
98
Density / Sq Mi
$72,681
Median Household Income
$48,270
Median Earnings
$891
Median Rent
$263,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Santa Fe County, NM
Properties on Market for Retail space in Santa Fe County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail suites available and leased in Edgewood, New Mexico.
Where is this retail space located?
The property is located at 5 George Ct Edgewood, NM.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Suite 5‑B: ±1,170 SF Available; Suite 5‑C: ±1,170 SF Available; Suite 5‑A: ±1,200 SF Tenant: Subway, lease expiration: 12/31/2028
