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    2 Sueno De Vigil Rd Española, NM 87532

    Sponsored
    For Sale
    $472,500

    Turn-key auto repair shop, high visibility.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional turn-key automotive repair shop in Española, New Mexico, presents a unique owner-user investment opportunity. Located on 1.071 acres at 2 Sueno De Vigil Rd, 87532, this property boasts 3,000 square feet of industrial warehouse space housed in two buildings, built in 1970 and zoned CN - Commercial Neighborhood. The shop is fully equipped with two lifts, a paint booth, and a comprehensive compressed air piping system, ready for immediate operation. Ample storage is provided by a 20-foot shipping container. An on-site office ensures efficient management. Adding to the income potential, a 975 square foot single-wide mobile home is included, currently generating $700 per month in gross rent under a month-to-month lease. The property benefits from a high-traffic location on US Hwy 285, with 25,000 vehicles passing daily, offering excellent visibility and marketing potential. The warehouse features 16-foot ceilings. The asking price is $472,500. This is a rare opportunity to acquire a fully operational and profitable business with significant growth potential. Don't miss out on this exceptional offering.

    Property Features for 2 Sueno De Vigil Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    3,000 SF
    Lot Size
    46,653 SF

    Building Details

    Year Built
    1970
    Buildings
    2

    We can help!

    Listing Contact
    Jacob Rocker
    Jacob Rocker

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Auto Parts Store Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Española
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.0383489
    Latitude
    35.9703928

    Nearby Comparable

    • $400,000
      3,000 SF

      Espanola Industrial Property - Turnkey Opportunity

      Successful auto shop, high visibility, great potential.
      2 Sueno De Vigil Rd, Espanola, NM 87532
      View Details
    • $1,023,993
      5,741 SF

      Santa Cruz Multifamily Investment Opportunity

      Seven-unit property near Santa Fe, NM, with value-add potential.
      1004 State Road 76, Santa Cruz, NM 87567
      View Details

    Nearby Similar for Sale

    • $640,000
      1,200 SF

      Standalone QSR in Espanola, NM

      High-Yield QSR with Drive-Thru
      601 Silkey Way, Española, NM 87532
      View Details

    FAQs

    What type of property is this?
    Distribution property - Turn-key auto repair shop, high visibility.
    Where is this distribution property located?
    The property is located at 2 Sueno De Vigil Rd Española, NM.
    What is the asking price?
    The asking price for this property is $472,500.
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    2 Sueno De Vigil Rd Española, NM 87532
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2 Sueno De Vigil Rd Española, NM 87532
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    We can help!
    Listing Contact
    Jacob Rocker
    Jacob Rocker
    Real Estate License ID: NM 52736
    Learn more
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