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Los Lunas Retail Center Investment

959 Highway 314 Southwest Los Lunas, NM 87031

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Fully leased retail center in high-traffic Los Lunas corridor.

Type:Retail
Property size:
8,800 SF
Price / SF:
$148/SF
Added:
May 18, 2026
Days on Market:
56
Last Refresh:
Jul 4 at 12:42 pm

Property Features for 959 Highway 314 Southwest

General Information

Standard status
Active
Size
8,800 SF
Property subtype
Retail

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.


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Retail

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 $116.2k $13.20
− Vacancy −$8.7k −$0.99
EGI $107.4k $12.21
− OpEx −$32.2k −$3.66
NOI $75.2k $8.55
8,800 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.07M
$940.2K – $1.25M (±1% cap)
NOI $75,214 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M (±1% cap)
NOI $127,375 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Pharmacy Dental Office Hair Salon Nail Salon Spa & Massage Center Auto Parts Store Parking Lot & Garage

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

Similar Off Market Nearby

  • Mondel Plaza — 601 Main St NE #26, Los Lunas, NM 87031
  • Coin Cloud Bitcoin ATM — 351 Hwy 314 SW, Los Lunas, NM 87031

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.
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