Fenced Metal
For Sale
$287,000
817 US Route 66, Moriarty, NM 87035
COMMERCIAL - Moriarty, NM
Property Size1,500 SF
Lot Size0.67 Acres
Price / SF$191.33
Days on Market121
Property Features for 817 US Route 66
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Parking
10
Fencing
Fenced
Directions
From Albuquerque take I-40 E. Go approximately 35 miles.Take exit 196 toward NM-41/Howard Cavasos Blvd. Turn right (south) onto Howard Cavasos Blvd N (NM-41) toward Estancia. Turn left (east) onto US Rte 66.Go approximately 1 mile. Turn left (north) into the driveway and proceed through the fence to the parking area.
Subdivision
291 - South Moriarty
Standard status
Active
APN
1049052130292000000
Lot size
0.67 Acres
Taxes and HOA fees
Tax Annual Amount
727
Utilities
Heating system
Ductless (Heating)
Building Details
Floors in Building
1
Building materials
MetalFrame
Listing Agency:
The Sanchez Group Realty
(505) 384-3042
Listed By:
Brandon C Sanchez · License #20197
(505) 720-4332
Added: Apr 25
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
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 warehouse property includes a 1,500-square-foot metal-frame building on a 0.67-acre parcel. The lot is enclosed with metal and chain-link fencing, while the building is equipped with ductless heating. C-2 heavy commercial zoning is in place.
The property fronts US Route 66 in Moriarty and offers access just off the I-40 exit. Its roadside position provides exposure along the historic route, with the fenced site and existing building forming the primary improvements.
The property fronts US Route 66 in Moriarty and offers access just off the I-40 exit. Its roadside position provides exposure along the historic route, with the fenced site and existing building forming the primary improvements.
Key Highlights
- 1,500‑square‑foot metal‑frame building
- 0.67‑acre fenced lot with metal and chain‑link fencing
- C‑2 heavy commercial zoning
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
$10,228
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
3.56%
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%
$204,560
$204.6K
Cap Rate 7%
$146,114
$146.1K
Cap Rate 9%
$113,644
$113.6K
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
$12.6K $8.40/SF
− Vacancy
−$567 −$0.38/SF
EGI
$12.0K $8.02/SF
− OpEx
−$1.8K −$1.20/SF
NOI
$10.2K $6.82/SF
Area
Torrance County, NM
Vacancy
4.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$204,560
Cap Rate 7%
$146,114
Cap Rate 9%
$113,644
Alternative Uses
Best Use
Warehouse
$146.1K
$127.9K – $170.5K
NOI $10,228 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Around the Corner Self Storage Danny's — 822 Irene Ave, Moriarty, NM 87035
Frequently Asked Questions
What type of property is this?
Warehouse - Metal construction, fenced grounds, and ductless heating define the existing improvements.
Where is this warehouse 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 lot with metal and chain‑link fencing; C‑2 heavy commercial zoning
