Mixed-Use Property with
99 Ventura Road, Belen, NM 87002
For Sale
New
$375,000
Commercial Sale, Belen, NM
Property Size2,716 SF
Lot Size1.58 Acres
Price / SF$138.07
Days on Market6
Property Features for 99 Ventura Road
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Buildings
Listing Agency:
Gerald Chavez Realty Inc
(505) 865-4671
Listed By:
Ambrose R Chavez · License #9235
(505) 450-2417
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 7 at 3:06PM
MLS# 1113442
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 99 Ventura Road in Belen, two separate buildings provide a combined 2,716 square feet. One is a metal building; the other is an 896-square-foot home with an attached garage. The property also includes a billboard that is rented out.
The buildings sit on approximately 1.58 acres with approximately 280 feet of frontage. Together, the structures and outdoor parcel form a mixed-use property in Valencia County.
The buildings sit on approximately 1.58 acres with approximately 280 feet of frontage. Together, the structures and outdoor parcel form a mixed-use property in Valencia County.
Key Highlights
- Two separate buildings with 2,716 square feet combined
- 896‑square‑foot home with an attached garage
- Metal building on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,666
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,320
$513.3K
Cap Rate 7%
$366,657
$366.7K
Cap Rate 9%
$285,178
$285.2K
Market Conditions
NOI Build-Up for 2,716 SF
Gross rent
$45.6K $16.80/SF
− Vacancy
−$4.6K −$1.68/SF
EGI
$41.1K $15.12/SF
− OpEx
−$15.4K −$5.67/SF
NOI
$25.7K $9.45/SF
Area
Valencia County, NM
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,320
Cap Rate 7%
$366,657
Cap Rate 9%
$285,178
Alternative Uses
Best Use
Mixed Use
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
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Business Placement
Demographics for 87002, NM
21,225
Population
9,210
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
84%
High-School Grad
598.3 sq mi
ZIP Area
35
Density / Sq Mi
$51,537
Median Household Income
$30,896
Median Earnings
$859
Median Rent
$183,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The site includes a metal building, a residence with an attached garage, and a billboard generating rental income.
Where is this mixed-use property located?
The property is located at 99 Ventura Road Belen, NM.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two separate buildings with 2,716 square feet combined; 896‑square‑foot home with an attached garage; Metal building on the property
