99 Ventura Road, Belen, NM 87002
- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 9:06 pm
Property Features for 99 Ventura Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 1
- Standard status
- Active
- APN
- 1007031528355000000
- Size
- 4,698 SF
- Lot size
- 2.58 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2109
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Frame, Stucco
Listing agent Ambrose R Chavez License #9235 (505) 450-2417
Listing office Gerald Chavez Realty Inc 511 Highway 314 SW, Los Lunas, NM (505) 865-4671
Listing date Jun 11, 2026
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.
HighLights
- 4 separate buildings totaling approx. 4,962 sq. ft.
- 2.58 acres with 371‑foot frontage
- Includes 3 homes and 1 commercial metal building
- 2 homes are currently rented out
- 2 billboards are rented out
Overview
The site covers 2.58 acres and features approximately 371 feet of frontage. Public remarks indicate high traffic flow at the location.
Designed for buyers seeking a combined residential and billboard income setup, the offering provides multiple income streams within a single land parcel. The presence of rental homes, along with the rented billboards and commercial metal building, may appeal to operators looking for a diversified use configuration under one ownership.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $14.76 |
| − Vacancy | −$4.2k | −$0.89 |
| EGI | $65.2k | $13.87 |
| − OpEx | −$29.3k | −$6.24 |
| NOI | $35.9k | $7.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belen
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.76266
- Latitude
- 34.70623
