Secure Lot Flex
For Sale
$287,000
817 Central Ave, Moriarty, NM 87035
Metal flex/warehouse building on a large secure, fenced lot with high visibility near I-40 access.
Property Size1,500 SF
Price / SF$191.33
Days on Market135
Property Features for 817 Central Ave
General Information
Standard status
Active
Size
1,500 SF
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$727
Building Details
Construction
metal building
Listing Agency:
The Sanchez Group Realty
(505) 384-3042
Listed By:
Brandon C Sanchez · License #20197
(505) 720-4332
Source:
Exprealty
Added: Apr 29
Changed: Sep 9
Last Checked: Sep 9 at 8:31PM
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
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.
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 = 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
$10,998
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
3.83%
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%
$219,960
$220.0K
Cap Rate 7%
$157,114
$157.1K
Cap Rate 9%
$122,200
$122.2K
Market Conditions
NOI Build-Up for 1,500 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
$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 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%
$219,960
Cap Rate 7%
$157,114
Cap Rate 9%
$122,200
Alternative Uses
Best Use
Flex RnD
$157.1K
$137.5K – $183.3K
NOI $10,998 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$128.3K
$112.2K – $149.6K
NOI $8,978 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$304.9K
$266.8K – $355.8K
NOI $21,345 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
