Flex Space with Attached
For Sale
$585,000
860 S Camino Del Pueblo, Bernalillo, NM 87004
Three storefront units connect with a powered rear warehouse suited to vehicle storage, collections, or workshop operations.
Property Size5,712 SF
Price / SF$102.42
Days on Market95
Property Features for 860 S Camino Del Pueblo
General Information
Standard status
Active
Size
5,712 SF
Total Parking Spaces
8
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
2,252 SF
Voltage
220 V
Amenities
signage
wood stove
Listing Agency:
Bright House Real Estate LLC
Listed By:
Beatriz Hernandez
(505) 440-4137
Source:
Myabqhomesearch
Added: Jul 14
Changed: Oct 1
Last Checked: Oct 14 at 11:45PM
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 Bright House Real Estate LLC
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Investment Insights
Based on property information with market context.
This flex property combines 3,460 square feet of storefront space with an attached 2,252-square-foot warehouse. The front building is divided into three separate storefront units, while the rear structure provides room for up to 8 vehicles. The warehouse includes 220-volt power for machinery or vehicle lifts and a wood stove, supporting storage, collection, and workshop functions.
The property is positioned at 860 S Camino Del Pueblo on Main Street, also designated State Road 313, with on-property signage and street parking along the frontage. Eight private off-street parking spaces supplement the public parking directly outside. The Downtown Bernalillo Rail Runner station, Town Hall, and local dining establishments are located minutes away.
The property is positioned at 860 S Camino Del Pueblo on Main Street, also designated State Road 313, with on-property signage and street parking along the frontage. Eight private off-street parking spaces supplement the public parking directly outside. The Downtown Bernalillo Rail Runner station, Town Hall, and local dining establishments are located minutes away.
Key Highlights
- 3,460‑square‑foot main building divided into three storefront units
- Attached 2,252‑square‑foot warehouse accommodates up to 8 vehicles
- 220‑volt power supports machinery or vehicle lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,820
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,400
$976.4K
Cap Rate 7%
$697,429
$697.4K
Cap Rate 9%
$542,444
$542.4K
Market Conditions
NOI Build-Up for 5,712 SF
Gross rent
$75.4K $13.20/SF
− Vacancy
−$5.7K −$0.99/SF
EGI
$69.7K $12.21/SF
− OpEx
−$20.9K −$3.66/SF
NOI
$48.8K $8.55/SF
Area
Sandoval County, NM
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,400
Cap Rate 7%
$697,429
Cap Rate 9%
$542,444
Alternative Uses
Best Use
Retail
$697.4K
$610.3K – $813.7K
NOI $48,820 @ 7.0% cap · market cap 8.35%
Second Best
Flex RnD
$598.3K
$523.5K – $698.0K
NOI $41,880 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,282 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87004, NM
10,859
Population
4,916
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
84%
High-School Grad
90.6 sq mi
ZIP Area
120
Density / Sq Mi
$63,319
Median Household Income
$36,402
Median Earnings
$1,066
Median Rent
$235,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Three storefront units connect with a powered rear warehouse suited to vehicle storage, collections, or workshop operations.
Where is this flex space located?
The property is located at 860 S Camino Del Pueblo Bernalillo, NM.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,460‑square‑foot main building divided into three storefront units; Attached 2,252‑square‑foot warehouse accommodates up to 8 vehicles; 220‑volt power supports machinery or vehicle lifts
