Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3228 Us-64 Waterflow, NM 87421

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3228 Us-64 Waterflow, NM 87421

    View on Map
    • Retail properties & Spaces
    • 9,100 SF
    • 0.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3228 Us-64

    Year built
    2021
    Lot size
    0.97 lot acres
    Property size
    9,100 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a 9,100-square-foot Dollar General store in Waterflow, New Mexico. Built in 2021, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $100,776. The absolute triple-net (NNN) lease with Dollar General Corporation, a publicly traded company (NYSE: DG), provides a corporate guarantee and extends until August 30, 2036, with three, five-year renewal options, each including a 10% rent increase. Situated on a 0.97-acre lot at 3228 US-64, Waterflow, NM 87421, this location benefits from high visibility and accessibility along US Highway 64, serving as a primary retail destination for everyday goods, particularly for the nearby Navajo Nation. The property's 100% occupancy and high-quality construction further enhance its investment appeal. This is a rare chance to acquire a stable, high-performing retail asset with significant long-term growth potential. The lease commenced July 31, 2021. The property's strategic location and the tenant's financial strength make this an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterflow
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.526
    Latitude
    36.7537

    Comparable in this City

    • Value Estimation by Request
      21,899 SF

      3215 Us 64

      CONVENIENCE STORE • 21,899 SF
      3215 Us 64, Waterflow, NM 87421-9610
      View Details
    • Value Estimation by Request
      9,310 SF

      3228 Us 64

      RETAIL STORES (PERSONAL SERVICES) • 9,310 SF
      3228 Us 64, Waterflow, NM 87421-9609
      View Details
    • Value Estimation by Request
      4,166 SF

      3439 Us 64

      RETAIL STORES (PERSONAL SERVICES) • 4,166 SF
      3439 Us 64, Waterflow, NM 87421-9616
      View Details
    • Value Estimation by Request
      6,080 SF

      3525 Us 64

      RETAIL STORES (PERSONAL SERVICES) • 6,080 SF
      3525 Us 64, Waterflow, NM 87421-6001
      View Details
    • Value Estimation by Request
      4,043 SF

      3658 Us 64

      RETAIL STORES (PERSONAL SERVICES) • 4,043 SF
      3658 Us 64, Waterflow, NM 87421-7014
      View Details
    • Value Estimation by Request
      8,616 SF

      3221 Us 64

      RETAIL STORES (PERSONAL SERVICES) • 8,616 SF
      3221 Us 64, Waterflow, NM 87421-9610
      View Details

    Similar Nearby for Sale

    • New
      $349,000
      20.65 Acres

      20+ Acres with Water Rights

      Expansive 20.65-acre lot with water rights in Waterflow, NM.
      Nya Us 64, Waterflow, NM 87421
      View Details
    • $299,900
      2,988 SF

      Waterflow Commercial Property on US-64

      2.95 acre commercial property on US-64 in Waterflow, NM.
      3660 Us 64, Waterflow, NM 87421
      View Details
    • $325,000
      22.71 Acres

      Waterflow Acreage with Highway Frontage

      22.7 acres suitable for agricultural, commercial, or residential development.
      3406 Us 64, Waterflow, NM 87421
      View Details
    • $375,000

      Prime Waterflow Land - 22.7 Acres

      Large acreage, highway frontage, irrigation.
      3406 Us 64, Waterflow, NM 87421
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3228 Us-64
    Waterflow, NM 87421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!