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    664 Frontage Rd Algodones, NM 87001

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    664 Frontage Rd Algodones, NM 87001

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    • Commercial real estate
    • 4,000 SF
    • 2.32 lot acres
    For Sale
    $700,000
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    Algodones Warehouse & Large Lot For Sale
    $700,000
    4,000 SF

    Algodones Warehouse & Large Lot

    Versatile Commercial Property, Owner Financing

    San Felipe Pueblo, NM 87001
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 664 Frontage Rd

    Lot size
    2.32 lot acres
    Property size
    4,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional 4,000 square foot warehouse, previously an art gallery, sits on a spacious 2.32-acre lot in Algodones, New Mexico. The property boasts a sizable office area within the warehouse itself, offering flexibility for various business needs. Its zoning allows for a wide range of commercial and residential uses, including but not limited to: RV park, RV sales, storage facility, trucking yard, retail sales and service, or continued use as office and warehouse space. The significant lot size presents ample opportunities for expansion or development. A key advantage is the inclusion of a large outdoor sign currently leased to Lamar Advertising. One side of this sign is reserved for the property owner's advertising, with Lamar providing installation services. This presents a valuable marketing opportunity for any new business. The property's plat map, Tract A2, clearly delineates its boundaries. Attractive owner financing options are available, making this a compelling investment opportunity. The property's diverse zoning and ample space make it an ideal location for entrepreneurs seeking a versatile commercial property in a growing area. The existing infrastructure and the included advertising sign further enhance its appeal and potential return on investment. Serious inquiries are encouraged to explore the possibilities of this unique property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Algodones
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.429
    Latitude
    35.4158

    Comparable in this City

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    • Value Estimation
      $600,000
      12,000 SF

      17 Centro Algodones

      MANUFACTURING (LIGHT) • 12,000 SF
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    • Value Estimation by Request
      21.91 Acres

      Frontage Rd

      Land • 21.91 Acres
      0 Frontage Rd, Algodones, NM 87001
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    • Value Estimation by Request
      720 SF

      52 Las Colonias

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    • Value Estimation by Request
      1,714 SF

      1313 Hwy 313

      MINI-WAREHOUSE, STORAGE • 1,714 SF
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    • Value Estimation
      $855,000
      22,148 SF

      22 Centro Algodones

      INDUSTRIAL (GENERAL) • 22,148 SF
      22 Centro Algodones, Algodones, NM 87001-8178
      View Details

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    Algodones, NM 87001
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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.

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    664 Frontage Rd, Algodones, NM, 87001

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