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    Sec Of I-25 & Hwy 6 Los Lunas, NM 87031

    • Retail properties
    • 713,512 SF
    • 12.39 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Sec Of I-25 & Hwy 6

    Lot size
    12.39 lot acres
    Property size
    713,512 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving Los Lunas, New Mexico market. Located at the southeast corner of I-25 and Highway 6 (Main Street), this site boasts unparalleled visibility and accessibility. The property encompasses 12.386 acres and a substantial 713,512 square feet of space, currently vacant, and zoned C-1. This allows for a wide range of development possibilities, from a large-scale retail development to individual pad sites. The property's strategic location within the heart of Los Lunas' retail hub places it amongst established businesses such as Buffalo Wild Wings, Home Depot, Lowe's, Walgreens, Super Walmart, Discount Tire, Jiffy Lube, Sonic, Wendy's, and Chili's. High traffic counts further enhance its appeal, with Highway 6 averaging 26,400 vehicles per day and I-25 boasting 28,000 vehicles per day. Pricing is flexible, with pad sites available at $14 per square foot and bulk land sales at $6 per square foot. This property offers significant potential for substantial returns in a rapidly growing area. The property is classified as Retail and Land, suitable for a Grocery Store or other Commercial uses. The property is located in Valencia County, New Mexico, zip code 87031.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.783
    Latitude
    34.7634

    Comparable in this City

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      2341 Main St

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      2510 Main St

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      18,100 SF

      Nm-263

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      18.12 Acres

      Sec Main St & Hunning Rnch Loop

      Land • 18.12 Acres
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      8.48 Acres

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      Land • 8.48 Acres
      0 Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
      View Details

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      12.39 Acres

      I-25 & Hwy 6 Retail Opportunity

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      Los Lunas Commercial Pad Site

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      18.12 Acres

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      0.16 Acres

      Los Lunas Retail & Land Opportunity

      High-traffic retail land, prime location.
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      4.06 Acres

      Los Lunas Commercial Land - 4.06 Acres

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    • $6,000,000
      17.85 Acres

      Los Lunas Mixed-Use Development Site

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    Similar Nearby for Lease

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      Los Lunas Retail Land Opportunity

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      0 Seq Main St & Los Lentes Rd, Los Lunas, NM 87031
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      1 SF

      Sunset View Marketplace: Prime Retail Land

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      713,512 SF

      I-25 & Hwy 6 Retail Land

      Prime Los Lunas Retail Tract
      0 Sec Of I-25 & Hwy 6, Los Lunas, NM 87031
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      4,500 SF

      Los Lunas Retail Center Opportunity

      High-traffic retail space, 2 suites available
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    • $18 SF/Yr
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      Los Lunas Retail Space For Lease

      Prime Main Street location, 1,100 sq ft.
      1400 Main St, Los Lunas, NM 87031
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    • Contact for pricing

      Los Lunas Commercial Land Opportunity

      Prime 1.275-acre C-1 zoned lot.
      Lp Sun Ranch Village Rd, Los Lunas, NM 87031
      View Details
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    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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