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Property profile

503/517 Main St Belen, NM 87002

OFF-MARKET
Retail properties & Spaces
8,287 SF 0.78 ac lot
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Property summary

AI-generated overview

This exceptional Belen, NM retail property boasts 8,287 square feet of prime commercial space situated on bustling South Main Street. The 0.78-acre lot houses a multi-tenant building currently comprised of eight individual suites, five of which are currently leased, presenting a strong existing income stream and immediate return on investment. Five suites offer generous 1,000 square foot layouts, ideal for a variety of retail businesses. Two additional suites provide 750 square feet each, and a larger 1,500 square foot suite is also available. One suite features upgraded refrigerated air conditioning and central forced air heating, providing modern climate control. The remaining suites are equipped with evaporative cooling and radiant heat systems. Each suite includes a private bathroom for tenant convenience. The high visibility location on Main Street ensures significant foot traffic and exposure, making this a compelling investment opportunity with substantial growth potential. The property's current occupancy and diverse suite sizes offer flexibility for both immediate income and future expansion. This is a rare chance to acquire a well-established retail center in a thriving New Mexico community. Priced at $425,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 8,287 SF
Lot 0.78 ac (33,977 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

503/517 Main St Belen, NM 87002
Belen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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