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    60 Nm-344 Edgewood, NM 87015

    Sponsored
    For Sale
    $1,699,999

    Former Denny's, turnkey, high-traffic location.

    Property size:
    4,701 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 4,701-square-foot former Denny's restaurant located in Edgewood, New Mexico. Built in 2015, this vacant, single-story building sits on a prominent 1.14-acre lot at a hard corner intersection of NM-344 and Church Street, boasting excellent visibility and accessibility. The property benefits from high traffic counts of 23,226 vehicles per day (VPD), further enhanced by its proximity to the I-40 freeway on/off ramp (22,037 VPD). This prime pad site is adjacent to a Walmart Supercenter, surrounded by other national retailers including O'Reilly Auto Parts, Dairy Queen, Walgreens, and McDonald's, ensuring a strong retail environment. The property includes existing FF&E and an ATM lease generating an annual income of $3,018, extending through June 30, 2025. The asking price is $1,699,999, representing a Core+ investment opportunity with a net operating income (NOI) of $3,018. The average household income within a 3-mile radius is $80,089, and the population within a 5-mile radius is 10,838, indicating a substantial consumer base. The property's location within the main retail trade area of the community ensures strong potential for future occupancy and return on investment. The property is classified as QSR/Fast Food, Restaurant, and Shopping Center. The APN is 099304369. The property is fee simple ownership. The anticipated occupancy date is December 15, 2024.

    Property Features for 60 Nm-344

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,701 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    2015
    Buildings
    1
    Stories
    1

    HighLights

    • 4,701 SF building on a 1.14‑acre parcel, formerly a Denny's, with freeway visibility and Walmart pad site adjacency.
    • 23,226 vehicles per day (VPD) traffic count.
    • Existing ATM lease in place.
    • 2015 new construction.
    • $80,089 average household income within a 3‑mile radius.
    • 10,838 population within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.19141828066
    Latitude
    35.069755498799

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    FAQs

    What type of property is this?
    Lifestyle center - Former Denny's, turnkey, high-traffic location.
    Where is this lifestyle center located?
    The property is located at 60 Nm-344 Edgewood, NM.
    What is the asking price?
    The asking price for this property is $1,699,999.
    What are key features of this property?
    This property features: 4,701 SF building on a 1.14-acre parcel, formerly a Denny's, with freeway visibility and Walmart pad site adjacency.; 23,226 vehicles per day (VPD) traffic count.; Existing ATM lease in place.
    Request Owner's contact information
    60 Nm-344 Edgewood, NM 87015
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    Edgewood, NM 87015
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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
    60 Nm-344 Edgewood, NM 87015
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