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    4174 Us-64 Kirtland Kirtland, NM 87417

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    4174 Us-64 Kirtland Kirtland, NM 87417

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    • Warehouses
    • 24,765 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4174 Us-64 Kirtland

    Property size
    24,765 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 24,765-square-foot industrial distribution center is ideally situated in Kirtland, New Mexico, at 4174 US-64, zip code 87417. The property offers a strategic location for businesses needing access to four states: New Mexico, Utah, Colorado, and Arizona. The warehouse boasts a functional layout optimized for efficient operations and maximum storage, featuring 17' to 20' clear ceiling heights. Seven loading docks, including a truck well, ensure smooth and efficient loading and unloading. The building is fully equipped with a modern sprinkler system and is climate-controlled, offering heating and cooling for year-round comfort and operational efficiency. Additional features include a large paved lot with ample ingress and egress, and three-phase high-amperage power. The property is currently vacant and available for immediate occupancy. Its proximity to major highways facilitates seamless supply chain management. The asking price for this exceptional industrial property is $1,195,000. This represents a unique opportunity to acquire a well-equipped, strategically located distribution center in a rapidly growing region. The property's location provides easy access to key distribution channels, including major highways, making it an ideal choice for businesses seeking to optimize their logistics and distribution operations. Driving times to major cities include approximately six hours to both Phoenix and Salt Lake City, seven hours to Denver, and three hours to Albuquerque.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kirtland
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.362
    Latitude
    36.7449

    Comparable in this City

    • Value Estimation by Request
      10,332 SF

      76 Rd 6500

      DISTRIBUTION WAREHOUSE • 10,332 SF
      76 Rd 6500, Kirtland, NM 87417-9402
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    • Value Estimation by Request
      9,375 SF

      4080 Us 64

      DISTRIBUTION WAREHOUSE • 9,375 SF
      4080 Us 64, Kirtland, NM 87417-9093
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    • Value Estimation by Request
      4,445 SF

      4290 Us 64a

      MINI-WAREHOUSE, STORAGE • 4,445 SF
      4290 Us 64a, Kirtland, NM 87417-9420
      View Details
    • Value Estimation by Request
      5,879 SF

      4290 Us 64a

      MINI-WAREHOUSE, STORAGE • 5,879 SF
      4290 Us 64a, Kirtland, NM 87417-9420
      View Details
    • Value Estimation by Request
      17,225 SF

      99 Rd 6100

      MINI-WAREHOUSE, STORAGE • 17,225 SF
      99 Rd 6100, Kirtland, NM 87417
      View Details
    • Value Estimation by Request
      4,712 SF

      4207 Us 64

      MINI-WAREHOUSE, STORAGE • 4,712 SF
      4207 Us 64, Kirtland, NM 87417
      View Details

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    Kirtland, NM 87417
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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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