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    4240&4242 Us 64 Kirtland, NM 87417

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    4240&4242 Us 64 Kirtland, NM 87417

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    • Commercial real estate
    • 2,385 SF
    For Sale
    $750,000
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    Kirtland Commercial Property - High Traffic Area For Sale
    $750,000
    2,385 SF

    Kirtland Commercial Property - High Traffic Area

    Dual-Income Property, High Traffic Location, Investment Opportunity

    4240&4242 Us 64, Kirtland, NM 87417
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4240&4242 Us 64

    Property size
    2,385 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 4240 & 4242 US 64 in Kirtland, NM, presents a prime investment opportunity. Spanning two acres, this established business location boasts a history of steady income for over three decades. The main building, currently leased as a tint shop, features 2,385 square feet of space, including three offices, a waiting room, two restrooms, and a substantial 30x60 shop with garage bay doors adaptable for alternative uses. Adjacent to this is a four-bay car wash, with one bay currently configured as a shop equipped for oil changes. Adding to the income stream, the property includes two mobile homes. One, a 1568 sq. ft. residence, is owner-occupied, while the other, a 675 sq. ft. unit, generates rental income. While some updates and maintenance are needed, this presents a significant opportunity to enhance the property's value and operational efficiency. The seller is open to dividing the property, offering flexible investment options to suit various strategies and financial goals. This high-traffic location ensures strong potential for continued and increased profitability. The asking price is $750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kirtland
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.351
    Latitude
    36.7408

    Comparable in this City

    • Value Estimation by Request
      7.50 Acres

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      Commercial real estate • 7.50 Acres
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    • Value Estimation by Request
      8,100 SF

      4278 Us 64

      SHOW ROOM, WAREHOUSE • 8,100 SF
      4278 Us 64, Kirtland, NM 87417-9420
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    • Value Estimation by Request
      11,000 SF

      4172 Us-64

      Retail properties & Spaces • 11,000 SF
      4172 Us-64, Kirtland, NM 87417
      View Details
    • Value Estimation by Request
      2.96 Acres

      Kirtland, NM 87417

      Commercial real estate • 2.96 Acres
      Kirtland, NM 87417
      View Details
    • Value Estimation by Request

      4240 Us-64

      Land
      4240 Us-64, Kirtland, NM 87417
      View Details
    • Value Estimation by Request
      6,124 SF

      4114 Us 64

      SHOW ROOM, WAREHOUSE • 6,124 SF
      4114 Us 64, Kirtland, NM 87417-9406
      View Details

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      Kirtland Commercial Property - High Traffic Area

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      4240&4242 Us 64, Kirtland, NM 87417
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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.

    More about this property
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