Mixed-Use Property with Metal
99 Ventura Rd Unit B, Belen, NM 87002
For Sale
$375,000
Two buildings combine commercial space with a residence and attached garage on a C-1-zoned site.
Property Size2,716 SF
Price / SF$138.07
Days on Market13
Property Features for 99 Ventura Rd Unit B
General Information
Standard status
Size
Property subtype
Listing Agency:
Gerald Chavez Realty Inc
Listed By:
Ambrose R Chavez · License NM #9235
(505) 450-2417
Source:
Albuquerquehomefinders
Added: Oct 29
Changed: Nov 10
Last Checked: Nov 10 at 2:32PM
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. The improvements include a metal building and an 896-square-foot home with an attached garage. The site spans approximately 1.58 acres and has about 280 feet of frontage.
The property is zoned C-1. One billboard on the site is rented out.
The property is zoned C-1. One billboard on the site is rented out.
Key Highlights
- Two buildings totaling 2,716 square feet
- 896‑square‑foot home with attached garage
- Metal building on approximately 1.58 acres
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
$637.5K
$557.8K – $743.8K
NOI $44,625 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
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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 - Two buildings combine commercial space with a residence and attached garage on a C-1-zoned site.
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; Metal building on approximately 1.58 acres
