Highway-Frontage Auto
For Sale
Contact for pricing
890 NM 516, Flora Vista, NM 87415
Includes shell buildings and a manufactured home on a permanent foundation.
Property Size5,035 SF
Lot Size1.64 Acres
Price / SF$297.91
Days on Market16
Property Features for 890 NM 516
General Information
Standard status
Active
Size
5,035 SF
Lot size
1.64 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CENTURY 21 SoWesCo Realty
Listed By:
Shane Cates · License #NM
Source:
Crexi
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 2:20PM
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 CENTURY 21 SoWesCo Realty
Investment Insights
Based on property information with market context.
This 1.64-acre commercial property includes a 5,035 SF warehouse currently used as a tire shop, additional shell buildings, and a 2011 manufactured home secured to a permanent foundation. The improvements support automotive operations, equipment storage, and other commercial or light-industrial applications, subject to applicable zoning and use requirements.
Located along NM-516 in Flora Vista, the property provides highway frontage and direct access for business operations. The manufactured home may offer residential, office, or workspace flexibility, subject to approval by the appropriate authorities. Buyers should verify zoning, permitted uses, utilities, dimensions, and all intended commercial or residential applications.
Located along NM-516 in Flora Vista, the property provides highway frontage and direct access for business operations. The manufactured home may offer residential, office, or workspace flexibility, subject to approval by the appropriate authorities. Buyers should verify zoning, permitted uses, utilities, dimensions, and all intended commercial or residential applications.
Key Highlights
- 1.64‑acre property along NM‑516 in Flora Vista
- 5,035 SF warehouse currently used as a tire shop
- Additional shell buildings included
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
$49,785
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
3.32%
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%
$995,700
$995.7K
Cap Rate 7%
$711,214
$711.2K
Cap Rate 9%
$553,167
$553.2K
Market Conditions
NOI Build-Up for 5,035 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
$74.3K $14.76/SF
− Vacancy
−$3.2K −$0.63/SF
EGI
$71.1K $14.13/SF
− OpEx
−$21.3K −$4.24/SF
NOI
$49.8K $9.89/SF
Area
San Juan County, NM
Vacancy
4.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
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%
$995,700
Cap Rate 7%
$711,214
Cap Rate 9%
$553,167
Alternative Uses
Best Use
Retail
$711.2K
$622.3K – $829.8K
NOI $49,785 @ 7.0% cap · market cap 3.32%
Second Best
Warehouse
$536.1K
$469.1K – $625.5K
NOI $37,529 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.04M
$911.4K – $1.22M
NOI $72,912 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87415, NM
1,708
Population
1,089
Households
1.6
Avg Household Size
43
Median Age
11%
College-Educated
81%
High-School Grad
17.0 sq mi
ZIP Area
100
Density / Sq Mi
$44,057
Median Household Income
$42,662
Median Earnings
$1,555
Median Rent
$197,800
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
- Hooked Up Towing & Recovery — 41 Rd 3500, Flora Vista, NM 87415
- Altered Custom Auto — 34 Rd 3403, Aztec, NM 87410
- Canyon Industries — 826 NM-516, Flora Vista, NM 87415
- Roadrunner Driveline Services — 893 NM-516, Flora Vista, NM 87415
- Aztec Auto Salvage — 914 NM-516, Aztec, NM 87410
Frequently Asked Questions
What type of property is this?
Auto shop - Includes shell buildings and a manufactured home on a permanent foundation.
Where is this auto shop located?
The property is located at 890 NM 516 Flora Vista, NM.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.64‑acre property along NM‑516 in Flora Vista; 5,035 SF warehouse currently used as a tire shop; Additional shell buildings included
