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    2407 Greene St Hwy Carlsbad, NM 88220

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    For Sale
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    18-Acre Commercial Property w/ Building

    Property Features for 2407 Greene St Hwy

    General Information

    Property type
    Distribution centers
    Lot Size
    801,025 SF

    Building Details

    Year Built
    2011

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    Listing Contact
    Robbi Mccrory
    Robbi Mccrory

    Listing Agency: Berkshire Hathaway Home Services Enchanted Lands - Carlsbad Listing Agent: Robbi Mccrory

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 18.389-acre commercial property in Carlsbad, New Mexico, presents a unique investment opportunity. Located south of 2407 E Greene St Highway, the property enjoys excellent highway visibility. The site features a substantial 80' x 40' metal building, constructed in 2011, which includes 13 offices, a fully equipped kitchen, two meeting rooms, and four restrooms. Adding to its versatility, the property also includes three RV hookups and a one-bedroom, one-bathroom trailer that will convey with the sale. The property's zoning is currently designated as commercial on the front acreage and rural/residential on the remaining back acreage, offering flexibility for various development scenarios. The asking price for this expansive and well-equipped property is $415,000. Its strategic location and diverse features make it an ideal choice for businesses seeking a prominent presence in a thriving area. The property's size and existing infrastructure provide ample space for expansion or adaptation to suit a wide range of commercial needs. This is a truly remarkable opportunity to acquire a substantial and versatile commercial property in a desirable New Mexico location. The property is situated in Eddy County, New Mexico, with a zip code of 88220.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Carlsbad
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.1538786
    Latitude
    32.4513835

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    FAQs

    What type of property is this?
    Distribution center - 18-Acre Commercial Property w/ Building
    Where is this distribution center located?
    The property is located at 2407 Greene St Hwy Carlsbad, NM.
    What is the asking price?
    The asking price for this property is $415,000.
    (575) 513-5411 Call to check price and availability
    Request Owner's contact information
    2407 Greene St Hwy Carlsbad, NM 88220
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    Carlsbad, NM 88220
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2407 Greene St Hwy Carlsbad, NM 88220
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robbi Mccrory
    Robbi Mccrory
    (575) 513-5411
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