Listing Agency: CENTURY 21 SoWesCo Realty

Listed By: Shane Cates · License #NM

Source: Crexi

Added: Aug 16 Changed: Oct 12 Last Checked: Oct 14 at 10:52PM

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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.

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 / Yr

$49,785

Cap Rate

3.32%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $49,785 @ 7.0% cap · market cap 3.32%

Second Best

Warehouse

$536.1K

$469.1K – $625.5K (±1% cap)

NOI $37,529 @ 7.0% cap · market cap 2.50%

Theoretical Best

Office A

$1.04M

$911.4K – $1.22M (±1% cap)

NOI $72,912 @ 7.0% cap · market cap 4.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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