Building Details

Construction metal building

Listing Agency: The Sanchez Group Realty t***@gmail.com Show Phone

Listed By: Brandon C Sanchez · License #20197 Show Phone

Source: Exprealty

Added: Apr 29 Changed: Nov 1 Last Checked: Nov 3 at 9:01AM

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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 The Sanchez Group Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This is a 1,500-square-foot metal building designed for flex/warehouse use, set on a large, secure lot. The property includes both metal fencing and chain-link fencing, creating a controlled perimeter suitable for storing materials or equipment.

The site is described as having high visibility along historic Route 66, with easy access just off the I-40 exit.

Zoning is identified as C-2, heavy commercial. Owner financing and/or trades are noted as possible terms.

Key Highlights

• 1500 SF metal flex/warehouse building
• Large secure lot with metal and chain link fencing
• High visibility on Historic Route 66

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,998

Cap Rate

3.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$219,960 $220.0K

Cap Rate 7%

$157,114 $157.1K

Cap Rate 9%

$122,200 $122.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$18.0K $12.00/SF

− Vacancy

−$1.1K −$0.72/SF

EGI

$16.9K $11.28/SF

− OpEx

−$5.9K −$3.95/SF

NOI

$11.0K $7.33/SF

Area

Torrance County, NM

Vacancy

6.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$219,960

Cap Rate 7%

$157,114

Cap Rate 9%

$122,200

Alternative Uses

Best Use

Flex RnD

$157.1K

$137.5K – $183.3K (±1% cap)

NOI $10,998 @ 7.0% cap · market cap 3.83%

Second Best

Industrial

$128.3K

$112.2K – $149.6K (±1% cap)

NOI $8,978 @ 7.0% cap · market cap 3.13%

Theoretical Best

Office A

$304.9K

$266.8K – $355.8K (±1% cap)

NOI $21,345 @ 7.0% cap · market cap 7.44%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency

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

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 87035, NM

7,285

Population

2,884

Households

2.5

Avg Household Size

43

Median Age

9%

College-Educated

82%

High-School Grad

342.7 sq mi

ZIP Area

21

Density / Sq Mi

$40,688

Median Household Income

$27,428

Median Earnings

$797

Median Rent

$147,600

Median Home Value

Market

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

Frequently Asked Questions

What type of property is this?

Flex space - Metal flex/warehouse building on a large secure, fenced lot with high visibility near I-40 access.

Where is this flex space located?

The property is located at 817 Central Ave Moriarty, NM.

What is the asking price?

The asking price for this property is $287,000.

What are key features of this property?

This property features: 1500 SF metal flex/warehouse building; Large secure lot with metal and chain link fencing; High visibility on Historic Route 66