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 Size2,116 SF
Price / SF$108.70
Days on Market62
Property Features for 718 Dalies Ave
General Information
Standard status
Active
Size
2,116 SF
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
New Mexico RE Investments, LLC
(505) 239-3600
Listed By:
Julian F. Barela
(505) 239-3600
Source:
Exprealty
Added: May 30
Changed: Jul 30
Last Checked: Jul 30 at 3:52PM
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 For Specialty Retail
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 | $29.2k | $13.80 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $27.3k | $12.90 |
| − OpEx | −$6.8k | −$3.23 |
| NOI | $20.5k | $9.68 |
2,116 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$359.1K
$314.2K – $419.0K
NOI $25,138 @ 7.0% cap · market cap 10.93%
Second Best
Specialty Retail
$292.5K
$256.0K – $341.3K
NOI $20,477 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$437.5K
$382.9K – $510.5K
NOI $30,628 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
