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    12340 State Park Rd Radium Springs, NM 88054

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    12340 State Park Rd Radium Springs, NM 88054

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    • Warehouses
    • 3,400 SF
    • 1.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 12340 State Park Rd

    Lot size
    1.21 lot acres
    Property size
    3,400 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional commercial property, located at 12340 State Park Road in Radium Springs, New Mexico, presents a unique investment opportunity. Priced at $165,000, this 3,400 square foot industrial space sits on a 1.21-acre lot (APN 3002122326512) and offers a compelling blend of warehouse and office space. The property includes two buildings: a main warehouse featuring an enclosed pole barn with concrete floors and a convenient roll-up door, ideal for storage or manufacturing; and a separate welding shop, complete with upstairs storage providing ample space for inventory or equipment. Two office spaces are also included, providing a comfortable and functional area for administrative tasks. The property boasts six parking spaces, ensuring convenient access for employees and clients. Situated near Leasburg State Park in Doña Ana County (zip code 88054), this location offers both a strategic business address and proximity to recreational areas. This single-tenancy property is perfect for a variety of businesses seeking a well-equipped and versatile space in a thriving area of New Mexico. The asking price per square foot is $52.94. This is a rare opportunity to acquire a functional and well-located industrial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Radium Springs
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.9
    Latitude
    32.4939

    Comparable in this City

    • Value Estimation
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      106,912 SF

      2100 County Rd D-061

      INDUSTRIAL (GENERAL) • 106,912 SF
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    • Value Estimation by Request
      3,000 SF

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      RESTAURANT • 3,000 SF
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    • Value Estimation by Request
      600 SF

      1144 Ft Selden Rd

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
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    • Value Estimation by Request
      1.48 Acres

      45 Underwood Blvd

      Land • 1.48 Acres
      45 Underwood Blvd, Radium Springs, NM 88054
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    • Value Estimation by Request
      1,500 SF

      12695 State Park Rd

      OFFICE BUILDING • 1,500 SF
      12695 State Park Rd, Radium Springs, NM 88054
      View Details
    • Value Estimation by Request
      3,962 SF

      13060 Hwy 185

      RESTAURANT • 3,962 SF
      13060 Hwy 185, Radium Springs, NM 88054
      View Details
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    Radium Springs, NM 88054
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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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    12340 State Park Rd, Radium Springs, NM, 88054

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