Warehouse with Office and Fenced
940 NM 516 Aztec, NM 87410
For Sale
Contact for pricing
Pending
Flex-style facility with office space, a multi-bay warehouse, and a fenced yard along busy NM 516.
Property Size12,000 SF
Lot Size1.69 Acres
Days on Market609
Property Features for 940 NM 516
General Information
- Standard status
- Pending
- Size
- 12,000 SF
- Lot size
- 1.69 Acres
- Property subtype
- Special Purpose, Land
Listing Agency:
Century21 SoWesCo Realty
(505) 325-2100
Listed By:
David McBee · License #41884
Source:
Crexi
Added: Nov 21, 2024
Changed: Jul 23
Last Checked: Jul 23 at 4:31AM
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 Century21 SoWesCo Realty
Investment Insights
Based on property information with market context.
This flex-style property includes approximately 4,800 square feet of office space and about 7,200 square feet of warehouse space. The warehouse is configured with five bays and features ceiling heights that include 25' and 21', along with other varying heights.
The building is situated on 1.695 acres on a very busy road, NM 516, in Flora Vista, NM. The site includes a fenced yard and offers highway frontage.
Overall, the layout combines dedicated office space with a multi-bay warehouse footprint, making it suitable for users seeking both administrative space and functional warehouse capacity on a visible highway location.
The building is situated on 1.695 acres on a very busy road, NM 516, in Flora Vista, NM. The site includes a fenced yard and offers highway frontage.
Overall, the layout combines dedicated office space with a multi-bay warehouse footprint, making it suitable for users seeking both administrative space and functional warehouse capacity on a visible highway location.
Key Highlights
- Flex‑style commercial facility for lease on busy NM 516 in Flora Vista, NM
- Sits on 1.695 acres with approximately 4,800 SF of office space
- Includes approximately 7,200 SF warehouse with 5 bays and ceiling heights ranging from 21' to 25'
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.8k | $9.48 |
| − Vacancy | −$8.5k | −$0.71 |
| EGI | $105.2k | $8.77 |
| − OpEx | −$31.6k | −$2.63 |
| NOI | $73.7k | $6.14 |
12,000 SF · lease $9.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,136 @ 7.0% cap · market cap 11.97%
Second Best
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,444 @ 7.0% cap · market cap 9.99%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,772 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex-style facility with office space, a multi-bay warehouse, and a fenced yard along busy NM 516.
Where is this flex space located?
The property is located at 940 NM 516 Aztec, NM.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Flex‑style commercial facility for lease on busy NM 516 in Flora Vista, NM; Sits on 1.695 acres with approximately 4,800 SF of office space; Includes approximately 7,200 SF warehouse with 5 bays and ceiling heights ranging from 21' to 25'
