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    2510 Main St Los Lunas, NM 87031
    Property profile & analytics

    2510 Main St, Los Lunas, NM 87031

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    • Strip malls
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Anytime Fitness / Gym & Fitness Center
    • China Super Buffet / Restaurant
    • Jackson Hewitt Tax Service / Accounting Firm / Tax Preparation
    • Los Lunas Vetco / Veterinary Clinic
    • La Michoacana De Los Lunas / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 2510 Main St

    Property type
    Strip malls
    Property subtype
    Retail properties & Spaces

    Description

    This prime retail property, located at 2510 Main St NE in Los Lunas, New Mexico (zip code 87031), offers two available commercial spaces totaling 11,867 square feet. Situated on a 0.422-acre lot in Valencia County, this strip center benefits from a highly visible location at the bustling intersection of Main Street and Highway 47. The property features a minimum divisible space of 4,500 square feet and a maximum contiguous space of 7,367 square feet. Established in the early 1980s, this center boasts strong co-tenancy with traffic-generating businesses such as Smiths, Walgreens, and PetSmart, ensuring high visibility and foot traffic. This presents a unique opportunity for businesses seeking a well-established location in a thriving community. The property is classified as Retail and Land, with a Commercial subtype. This is an excellent opportunity for businesses seeking a prominent location in a busy retail area. The property's central location and established tenant mix make it an attractive investment for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.703
    Latitude
    34.8066

    Comparable in this City

    • Value Estimation by Request
      12.39 Acres

      6 Sec Of I-25 & Hwy

      Individual retail properties
      6 Sec Of I-25 & Hwy, Los Lunas, NM 87031
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    • Value Estimation by Request
      18,100 SF

      Nm-263

      Land
      0 Nm-263, Los Lunas, NM 87031
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      1.00 Acre

      1802 Main St

      Restaurants
      1802 Main St, Los Lunas, NM 87031
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    • Value Estimation by Request
      18.12 Acres

      Sec Main St & Hunning Rnch Loop

      Land
      0 Sec Main St & Hunning Rnch Loop, Los Lunas, NM 87031
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    • Value Estimation by Request
      8.48 Acres

      Seq Main St & Los Lentes Rd

      Land
      0 Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
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    • Value Estimation by Request
      18.12 Acres

      Sec Main St & Hunning Rnch Loop

      Land
      0 Sec Main St & Hunning Rnch Loop, Los Lunas, NM 87031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,350 SF

      Retail Strip Center For Sale

      Fully leased retail strip center in Los Lunas, New Mexico.
      3459 State Highway 47, Los Lunas, NM 87031
      View Details
    • $650,000
      4.61 Acres

      Los Lunas Multifamily Investment Opportunity

      Well-maintained duplex with commercial zoning and development potential.
      102-104 Nathan Ct, Los Lunas, NM 87031
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    • Contact for pricing
      1.25 Acres

      Land in Los Lunas, NM

      1.25 acre land with mountain and valley views.
      Rio Del Oro, Los Lunas, NM 87031
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    • Contact for pricing
      0.25 Acres

      Land with Unobstructed Views

      Land offering unobstructed views and Southwest landscape.
      2 Block 14, Los Lunas, NM 87031
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    • Contact for pricing
      0.25 Acres

      Land in Los Lunas, NM

      Land with quick access to amenities in Los Lunas.
      2 Rio Del Oro Block 14, Los Lunas, NM 87031
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    • Contact for pricing
      2.79 Acres

      Land in Los Lunas, NM

      Vacant land with easements and great views in Los Lunas.
      27 A&D, Los Lunas, NM 87031
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Land for Lease

      Land available for single tenant retail development.
      Sec Main St & Hunning Rnch Loop, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Retail Land for Lease

      12-acre commercial land available for single tenant retail.
      Sec Of I-25 & Hwy 6, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Los Lunas Retail Center Space

      Retail space available in a busy Los Lunas shopping center.
      2510 Main St NE, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Retail Suites in Los Lunas

      Retail suites available for lease in a vibrant shopping center.
      1400 Main St NW, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Land For Rent

      Land available for single tenant in Los Lunas.
      2301 Main St NE, Los Lunas, NM 87031
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for single tenant lease.
      Nwq I-25 & Nm Hwy 6, Los Lunas, NM 87031
      View Details
    Request Owner's contact information
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    2510 Main St
    Los Lunas, NM 87031
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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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