Los Lunas Retail Center
For Sale
Contact for pricing
959 Highway 314 Southwest, Los Lunas, NM 87031
Fully leased retail center in high-traffic Los Lunas corridor.
Property Size8,800 SF
Price / SF$148.86
Days on Market150
Property Features for 959 Highway 314 Southwest
General Information
Standard status
Active
Size
8,800 SF
Class
C
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$99,082
Building Details
Units
6
Tenancy
Multi
Listing Agency:
Allen Realty
Listed By:
Blake Allen · License #CO EI1186445
(719) 685-0707
Source:
Crexi
Added: May 18
Changed: Oct 1
Last Checked: Oct 12 at 7:13PM
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 Allen Realty
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,214
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,280
$1.5M
Cap Rate 7%
$1,074,486
$1.1M
Cap Rate 9%
$835,711
$835.7K
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$116.2K $13.20/SF
− Vacancy
−$8.7K −$0.99/SF
EGI
$107.4K $12.21/SF
− OpEx
−$32.2K −$3.66/SF
NOI
$75.2K $8.55/SF
Area
Valencia County, NM
Vacancy
7.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,280
Cap Rate 7%
$1,074,486
Cap Rate 9%
$835,711
Alternative Uses
Best Use
Retail
$1.07M
$940.2K – $1.25M
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
NOI $127,375 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Allsups
Shops & Services
8,894 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,689 visits/mo
0.4 miles
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
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.
