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    428 Los Lentes Rd Los Lunas, NM 87031

    Sponsored
    For Sale
    $899,600

    Prime Los Lunas office, high occupancy.

    Property size:
    12,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 12,698 square foot Class B office building situated on a 1.482-acre lot at 428 Los Lentes Rd SE in Los Lunas, New Mexico. The property, built in 1992, boasts a 100% occupancy rate with three individual executive office units, generating a strong net operating income (NOI) of $80,964 and a 9.00% capitalization rate. Priced at $899,600 ($70.85 per square foot), this multi-tenant property offers a modified lease structure. The property is zoned for Community Commercial use and benefits from ample fenced parking. Its convenient location offers easy access to I-25 (only two miles away) and numerous nearby amenities, all within a quiet neighborhood. The property's location along the east side of Los Lentes Rd provides excellent visibility and accessibility. This is a turnkey investment opportunity with significant potential for future growth and return. The property features a total of three units, providing flexibility for various business needs. The building is well-maintained and offers good quality professional office space.

    Property Features for 428 Los Lentes Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,698 SF
    Class
    B
    Lot Size
    64,556 SF

    Building Details

    Year Built
    1992
    Buildings
    1
    Units
    3

    HighLights

    • Three office units available.
    • Ample fenced parking.
    • Community Commercial zoning.
    • Excellent location near Main Street.
    • Two miles to I‑25.
    • Abundant nearby amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Youth Development Inc Youth Organization Kristen L. Fudzinski, ... Counselor TeamBuilders Behavioral Health Mental Health Clinic Marie Gutierrez-Diaz Social Worker Annalisa Golowacz, MA Counselor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.7285779
    Latitude
    34.8026379

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Los Lunas office, high occupancy.
    Where is this office property / space located?
    The property is located at 428 Los Lentes Rd Los Lunas, NM.
    What is the asking price?
    The asking price for this property is $899,600.
    What are key features of this property?
    This property features: Three office units available.; Ample fenced parking.; Community Commercial zoning.
    (505) 256-7573
    Request Owner's contact information
    428 Los Lentes Rd Los Lunas, NM 87031
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    Los Lunas, NM 87031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    428 Los Lentes Rd Los Lunas, NM 87031
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