Property summary
This exceptional retail property, located at 804 S Main St in Belen, New Mexico, presents a compelling investment opportunity. The 4,820 square foot building sits on a half-acre lot and is currently leased to a successful cannabis retailer under a six-year lease commencing June 1st, 2023. The lease agreement includes a favorable structure with a monthly rent of $6,000, escalating annually by 3%, resulting in a projected monthly rent just under $7,000 by the lease's conclusion in 2028. This… translates to a price per square foot of $145. The property's operational expenses are minimal, with the owner solely responsible for property taxes and insurance, estimated at approximately $450 per month. Strategically positioned on Main Street in the heart of Belen, this property benefits from high visibility and proximity to a vibrant mix of restaurants, retail establishments, hospitality businesses, and residential areas. Its convenient location, minutes from I-25, ensures excellent accessibility and strong potential for continued growth and profitability. The single-story building offers a solid foundation for a long-term investment strategy, providing a stable income stream and significant appreciation potential. This is a rare opportunity to acquire a high-performing retail property in a thriving New Mexico market. The property's history includes a previous use as a high-income producing convenience store and gas station.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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