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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

503/517 Main St Belen, NM 87002

8,287 SF 0.78 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Belen, New Mexico commercial property, located at 503/517 S Main Street, presents a compelling investment opportunity. Situated on a 0.78-acre lot, this 8,287 square foot retail building boasts a prime location on the west side of Main Street, just south of Gilbert Avenue, within a high-traffic area. The property comprises eight individual suites, five of which are currently leased, ensuring immediate cash flow. Suite sizes vary, with five offering 1,000 square feet each, two at 750 square feet, and one larger suite at 1,500 square feet. Each suite includes a private bathroom. One suite features upgraded refrigerated air conditioning and central forced air heating, while the remaining suites are equipped with evaporative cooling and radiant heat. The asking price for this well-positioned retail center is $425,000, offering significant potential for growth and return on investment. Its strategic location and diverse suite sizes make it an ideal property for both seasoned investors and those seeking a strong entry point into the New Mexico commercial real estate market. The property's current occupancy and high-traffic location contribute to its strong investment potential. This is a rare opportunity to acquire a well-established retail center in a thriving community. The property is located in Valencia County, New Mexico, zip code 87002.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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