Versatile Commercial Property in Bosque
For Sale
Contact for pricing
2500 Bosque Farms Blvd, Bosque Farms, NM 87068
9,478 SF commercial property on 1.18 acres for sale.
Property Size9,478 SF
Lot Size1.18 Acres
Price / SF$179.36
Days on Market889
Property Features for 2500 Bosque Farms Blvd
General Information
Standard status
Active
Size
9,478 SF
Class
A
Total Parking Spaces
17
Lot size
1.18 Acres
Property subtype
Business for Sale, Industrial, Retail
Zoning
C-1
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Berkshire Hathaway New Mexico Commercial Division
(505) 289-0549
Listed By:
Jacob Lopez · License #REC-2024-0071
Source:
Crexi
Added: Mar 27, 2024
Changed: Aug 31
Last Checked: Jul 21 at 9:18AM
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 Berkshire Hathaway New Mexico Commercial Division
Investment Insights
Based on property information with market context.
This commercial property, located at 2500 Bosque Farms Blvd, NM, offers 9,478 square feet of space on a 1.18-acre lot. The property benefits from frontage on the town’s main thoroughfare, ensuring high visibility. The location is within a 5-mile radius of a population of 32,855, with an average household income of $88,472. The property includes monument and building signage, 17 parking spaces, and gated parking. A yard with a private entrance is also featured. The building has two 14’x12’ roll-up doors and clear heights ranging from 20’ to 24’. The interiors are fully insulated and equipped with 3-phase 480 Volt Electricity. The layout includes three storage rooms, mezzanine space, two offices, two bathrooms, and a spacious reception area. This property is suitable for diverse business needs.
Key Highlights
- Prime commercial property on Bosque Farms Blvd with high visibility.
- Large 9,478 SF building on 1.18 acres.
- High population density and affluent demographics within a 5‑mile radius.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,008
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,160
$1.6M
Cap Rate 7%
$1,157,257
$1.2M
Cap Rate 9%
$900,089
$900.1K
Market Conditions
NOI Build-Up for 9,478 SF
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.
Gross rent
$125.1K $13.20/SF
− Vacancy
−$9.4K −$0.99/SF
EGI
$115.7K $12.21/SF
− OpEx
−$34.7K −$3.66/SF
NOI
$81.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,160
Cap Rate 7%
$1,157,257
Cap Rate 9%
$900,089
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $81,008 @ 7.0% cap · market cap 4.77%
Second Best
Warehouse
$923.3K
$807.9K – $1.08M
NOI $64,628 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,188 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 87068, NM
4,938
Population
2,252
Households
2.2
Avg Household Size
46
Median Age
24%
College-Educated
94%
High-School Grad
37.2 sq mi
ZIP Area
133
Density / Sq Mi
$63,287
Median Household Income
$37,753
Median Earnings
$865
Median Rent
$246,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ady Self Storage — 1893 Bosque Farms Blvd, Peralta, NM 87068
Frequently Asked Questions
What type of property is this?
Warehouse - 9,478 SF commercial property on 1.18 acres for sale.
Where is this warehouse located?
The property is located at 2500 Bosque Farms Blvd Bosque Farms, NM.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime commercial property on Bosque Farms Blvd with high visibility.; Large 9,478 SF building on 1.18 acres.; High population density and affluent demographics within a 5‑mile radius.
