Mixed-Use Property with Metal
99 Ventura Rd Unit B, Belen, NM 87002
For Sale
New
$375,000
Two separate structures include a metal building and a residence with an attached garage on commercially zoned land.
Property Size2,716 SF
Lot Size1.58 Acres
Price / SF$138.07
Days on Market6
Property Features for 99 Ventura Rd Unit B
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Asking Price
Road Access
Tenant in Place
Amenities
billboard
Building Details
Buildings
Listing Agency:
Gerald Chavez Realty Inc
Listed By:
Ambrose R Chavez · License #9235
(505) 450-2417
Source:
Albuquerquehomefinders
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 9:22AM
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 Gerald Chavez Realty Inc
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two separate buildings totaling 2,716 square feet. Improvements include a metal building and an 896-square-foot home with an attached garage. The property contains approximately 1.58 acres and is zoned C-1.
Approximately 280 feet of frontage and one rented billboard are also part of the property.
Approximately 280 feet of frontage and one rented billboard are also part of the property.
Key Highlights
- Two buildings totaling 2,716 square feet
- 896‑square‑foot home with attached garage
- Approximately 1.58 acres, zoned C‑1
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
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 - Two separate structures include a metal building and a residence with an attached garage on commercially zoned land.
Where is this mixed-use property located?
The property is located at 99 Ventura Rd Unit B 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 buildings totaling 2,716 square feet; 896‑square‑foot home with attached garage; Approximately 1.58 acres, zoned C‑1
