Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11807 Nm-337 Tijeras, NM 87059
    Back to Search
    Property profile & analytics

    11807 Nm-337, Tijeras, NM 87059

    View on Map
    • Mixed-use properties
    • 4,500 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 11807 Nm-337

    Lot size
    1.00 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Investment properties

    Description

    This exceptional 4,500 sq ft mixed-use building, constructed in 2020, presents a rare investment opportunity in Tijeras, New Mexico. Located on NM Highway 337, less than a mile from I-40, it boasts high visibility and significant traffic (64,000 VPD). The property features 36 parking spaces and a built-out turn lane for easy access. Inside, you'll find a fully built-out space with 3-phase electricity, a dual HVAC system, and ADA compliance. The building is currently leased at $3,497.08 NNN per month, with percentage rent increases built into the lease for the next three years. The one-acre lot is zoned CB-1, allowing for diverse commercial development options. Power is already in place for a future monument sign. This property offers immediate income and significant long-term potential. Don't miss this chance to own a piece of prime Tijeras real estate. The address is 11807 NM-337 #3, Tijeras, NM 87059.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tijeras
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.388
    Latitude
    35.0785

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      20 Apple Vly Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      20 Apple Vly Dr, Tijeras, NM 87059-8267
      View Details
    • Value Estimation by Request
      2,142 SF

      756 Nm 333

      OFFICE/RESIDENTIAL (MIXED USE)
      756 Nm 333, Tijeras, NM 87059-7306
      View Details
    • Value Estimation by Request
      1,216 SF

      1306 Nm 333

      OFFICE/RESIDENTIAL (MIXED USE)
      1306 Nm 333, Tijeras, NM 87059-7312
      View Details
    • Value Estimation by Request
      3,962 SF

      20 Vallecitos Rd

      APARTMENT HOUSE (UNDER 5 UNITS)
      20 Vallecitos Rd, Tijeras, NM 87059-7302
      View Details
    • Value Estimation by Request
      0.33 Acres

      460 Nm 333

      VACANT COMMERCIAL LAND
      460 Nm 333, Tijeras, NM 87059
      View Details
    • Value Estimation by Request

      27 Grigsby Ln

      MOBILE COMMERCIAL UNITS
      27 Grigsby Ln, Tijeras, NM 87059
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Land in Tijeras, New Mexico

      One-acre land parcel suitable for residential development in Tijeras.
      190 5 Hls Dr, Tijeras, NM 87059
      View Details
    • $425,000
      19.64 Acres

      Bar Diamond S Rodeo Land

      19.64 acres known as Bar Diamond S Rodeo.
      90 Nm 217, Tijeras, NM 87059
      View Details
    • $1,600,000
      6.13 Acres

      Tijeras Land For Commercial Development

      6.13 Acres with utilities ready for commercial development near I-40.
      11807 Nm-337, Tijeras, NM 87059
      View Details
    • $95,000
      5.00 Acres

      Land in Tijeras, New Mexico

      5-acre lot for dream home in Tijeras, NM.
      31 Camino Del Poniente, Tijeras, NM 87059
      View Details
    • $100,000
      5.01 Acres

      Tijeras Land with Ponderosa Pines

      Five-acre lot suitable for a mountain home in Tijeras, NM.
      10 Young Rd, Tijeras, NM 87059
      View Details
    • $129,000
      Pending

      Land with Utilities and Views

      2.2 acres near Albuquerque with well, septic, power, and views.
      121 Rincon Loop Rd, Tijeras, NM 87059
      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.
    11807 Nm-337
    Tijeras, NM 87059
    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

    Thank You for Inquiry
    11807 Nm-337, Tijeras, NM, 87059
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!