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 Market48
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: Sep 8
Last Checked: Sep 13 at 4:33PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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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
