Commercial Kitchen Facility with Back
For Sale
$230,000
718 Dalies Ave, Belen, NM 87002
Multi-use commercial building with office, entry area, three large rooms, storage, a bathroom, and back entry for deliveries.
Property Size2,354 SF
Price / SF$97.71
Days on Market94
Property Features for 718 Dalies Ave
General Information
Standard status
Active
Size
2,354 SF
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
New Mexico RE Investments, LLC
Listed By:
Julian F. Barela
(505) 239-3600
Source:
Thesouthwestlife
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 7 at 4:27PM
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 New Mexico RE Investments, LLC
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Investment Insights
Based on property information with market context.
Multi-use commercial building configured with 2,116 SF of interior space, including an office, entry area/room, three large rooms, three storage rooms/spaces, and a bathroom. A back entry is set up to support deliveries and/or staff parking, which helps keep day-to-day operations organized.
Located at 718 Dalies Ave in Belen, NM, the property is described as being in the heart of Belen and across from City Hall, with access and visibility off Main Street and Dalies Ave. The offering also notes plenty of off-street parking.
The layout supports a range of commercial uses that benefit from private office space plus multiple interior rooms and storage, along with convenient back-of-house access for deliveries and staff parking.
Located at 718 Dalies Ave in Belen, NM, the property is described as being in the heart of Belen and across from City Hall, with access and visibility off Main Street and Dalies Ave. The offering also notes plenty of off-street parking.
The layout supports a range of commercial uses that benefit from private office space plus multiple interior rooms and storage, along with convenient back-of-house access for deliveries and staff parking.
Key Highlights
- 2,116 SF interior space with office, entry area, three large rooms
- Three storage rooms/spaces plus a bathroom
- Back entry designed for deliveries and/or staff parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,089
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,780
$281.8K
Cap Rate 7%
$201,271
$201.3K
Cap Rate 9%
$156,544
$156.5K
Market Conditions
NOI Build-Up for 2,354 SF
Gross rent
$21.2K $9.00/SF
− Vacancy
−$1.1K −$0.45/SF
EGI
$20.1K $8.55/SF
− OpEx
−$6.0K −$2.56/SF
NOI
$14.1K $5.98/SF
Area
Valencia County, NM
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,780
Cap Rate 7%
$201,271
Cap Rate 9%
$156,544
Alternative Uses
Best Use
Specialty Retail
$325.4K
$284.8K – $379.7K
NOI $22,780 @ 7.0% cap · market cap 9.90%
Second Best
Industrial
$201.3K
$176.1K – $234.8K
NOI $14,089 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$486.8K
$425.9K – $567.9K
NOI $34,073 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 87002, NM
21,225
Population
9,210
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
84%
High-School Grad
598.3 sq mi
ZIP Area
35
Density / Sq Mi
$51,537
Median Household Income
$30,896
Median Earnings
$859
Median Rent
$183,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Multi-use commercial building with office, entry area, three large rooms, storage, a bathroom, and back entry for deliveries.
Where is this commercial kitchen located?
The property is located at 718 Dalies Ave Belen, NM.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 2,116 SF interior space with office, entry area, three large rooms; Three storage rooms/spaces plus a bathroom; Back entry designed for deliveries and/or staff parking
