Los Lunas Retail Center
959 Highway 314 Southwest, Los Lunas, NM 87031
Fully leased retail center in high-traffic Los Lunas corridor.
Type:Retail
Property size:
8,800 SFPrice / SF:
$148/SF- Added:
- May 18, 2026
- Days on Market:
- 11
- Last Refresh:
- May 20 at 4:55 am
Property Features for 959 Highway 314 Southwest
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Property subtype
- Retail
Listing agent Tim House License #NM 14751
Listing office Team Southwest, Inc.
Listing date May 18, 2026
Source Crexi
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 Team Southwest, Inc.
HighLights
- Fully leased retail center providing a stable and diversified income stream from five established tenants.
- Located on a high‑traffic corridor (NM State Road 314) with over 13,700 cars per day, ensuring strong visibility and customer access.
- Positioned in Los Lunas, one of New Mexico's fastest‑growing communities, near Albuquerque and the International Sunport.
- Potential for increased cash flow through future rent growth and conversion of two leases to NNN.
- Well‑maintained 8,800‑square‑foot single‑story building.
- Benefits from convenient access and proximity to surrounding residential growth.
Overview
Located along New Mexico State Road 314 in Los Lunas, this single-story retail center spans 8,800 square feet. The property is fully leased to five established tenants, including Goodfellas Pizza, a hair stylist, a construction company, and a gaming retailer. The location benefits from high visibility, convenient access, and proximity to residential areas. The property is positioned in one of Valencia County's primary commercial corridors, with traffic exceeding 13,700 cars per day. The asset offers reliable cash flow with potential upside through future rent growth and conversion of two leases to NNN. Los Lunas is located 20 minutes from downtown Albuquerque and 15 minutes from the International Sunport, with access to I-25. The town has experienced significant population growth, increasing over a thousand percent in the past 40 years to a population of 17,000. Los Lunas offers a fast approval process for commercial and residential plans and building permits.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$946.2K
NOI $85,160 @ 9.00% cap · cautious / downside scenario
Moderate
$1.22M
NOI $85,160 @ 7.00% cap · market / base-case scenario
Aggressive
$1.70M
NOI $85,160 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.4k | $13.80 |
| − Vacancy | −$7.9k | −$0.90 |
| EGI | $113.5k | $12.90 |
| − OpEx | −$28.4k | −$3.23 |
| NOI | $85.2k | $9.68 |
8,800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,160 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$1.07M
$940.2K – $1.25M
NOI $75,214 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,375 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Mondel Plaza — 601 Main St NE #26, Los Lunas, NM 87031
- Coin Cloud Bitcoin ATM — 351 Hwy 314 SW, Los Lunas, NM 87031
Location Insight
- Map
- Local Demand
- City
- Los Lunas
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.7383449
- Latitude
- 34.7975584
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully leased retail center in high-traffic Los Lunas corridor.
Where is this shopping center located?
The property is located at 959 Highway 314 Southwest Los Lunas, NM.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: Fully leased retail center providing a stable and diversified income stream from five established tenants.; Located on a high‑traffic corridor (NM State Road 314) with over 13,700 cars per day, ensuring strong visibility and customer access.; Positioned in Los Lunas, one of New Mexico's fastest‑growing communities, near Albuquerque and the International Sunport.
