Building Details

Floors in Building 1

Building materials MetalFrame

Listing Agency: The Sanchez Group Realty Show Phone

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

Added: Apr 25 Changed: Sep 5 Last Checked: Oct 14 at 5:06PM

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MLS# 1102554

Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property includes a 1,500-square-foot metal-frame building on a 0.67-acre parcel. The site is enclosed by both metal and chain-link fencing, providing a defined setting for commercial operations. Ductless heating is installed in the building.

The property is positioned along US Route 66 in Moriarty, with access just off the I-40 exit. C-2 heavy commercial zoning supports its commercial classification and provides an important land-use designation for evaluating the site.

Key Highlights

• 1,500‑square‑foot metal‑frame building
• 0.67‑acre fenced parcel
• Metal and chain‑link fencing

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

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

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Auto Parts Store Hair Salon

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

49

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Metal-frame commercial space with C-2 heavy commercial zoning and access near the I-40 exit.

Where is this flex space located?

The property is located at 817 US Route 66 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: 1,500‑square‑foot metal‑frame building; 0.67‑acre fenced parcel; Metal and chain‑link fencing