Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    201 S Main St Belen, NM 87002

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201 S Main St Belen, NM 87002

    View on Map
    • Office properties & Spaces
    • 1,786 SF
    • 0.17 lot acres
    For Sale
    $275,000
    View Listing →
    Historic Plaza Office Building For Sale
    $275,000
    1,786 SF

    Historic Plaza Office Building

    Office building in the center of town on Main Street.

    201 S Main St, Belen, NM
    View Listing
    Property ID
    US61-0054469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 201 S Main St

    Lot size
    0.17 lot acres
    Property size
    1,786 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 1,786 square foot office building presents a compelling investment opportunity in the heart of Belen, New Mexico. Situated within the historic F & E Plaza, this property boasts a prime location and a consistent track record of rental income generation. Completely renovated in 2021, the building is in excellent condition and offers immediate cash flow potential. The current lease, in place until November 2024, provides stability and security, with an option to renew, ensuring continued income stream. The 0.17-acre lot provides ample space for parking and potential future expansion. This property has a long and successful history, having generated rental income from the same tenant for over 25 years, demonstrating its enduring appeal and market viability. The building's central location within the vibrant F & E Plaza offers excellent visibility and accessibility, making it an ideal investment for both seasoned and new investors seeking a stable, high-yield commercial property. The recent renovation ensures modern amenities and functionality, minimizing future maintenance costs and maximizing long-term value. This is a rare opportunity to acquire a proven, income-producing asset in a desirable location. The strong tenant history and lease terms provide a solid foundation for continued success. Don't miss this chance to secure a piece of Belen's rich history and thriving commercial landscape.

    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
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.7777
    Latitude
    34.65987

    Comparable in this City

    • Contact for pricing

      Land in Hub City

      Land available for ground lease, build to suit, or sale.
      21 I-25 Byp, Belen, NM 87002
      View Details
    • Contact for pricing
      2,179 SF

      Commercial Corner Lot on Reinken

      2220 sq ft building on a corner lot.
      301 E Reinken Ave, Belen, NM 87002
      View Details
    • $5,500,000
      44,680 SF

      Belen Office Space For Rent

      Centrally located office space with great visibility and ample parking.
      101 S Main St, Belen, NM 87002
      View Details
    • Contact for pricing
      1,786 SF

      Historic Plaza Office Building

      Office building in the center of town on Main Street.
      201 S Main St, Belen, NM 87002
      View Details
    • Contact for pricing
      44,560 SF

      Multi-Tenant Bank Building For Sale

      Four-story, 44,680 SF multi-tenant bank building with income potential.
      101 S Main St, Belen, NM 87002
      View Details
    • Contact for pricing
      3,000 SF

      Office Building Near Reinken Ave

      Office building formerly used by KARS Radio near Reinken Ave.
      208 N 2Nd St, Belen, NM 87002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Hub City

      Land available for ground lease, build to suit, or sale.
      21 I-25 Byp, Belen, NM 87002
      View Details
    • Contact for pricing
      2,179 SF

      Commercial Corner Lot on Reinken

      2220 sq ft building on a corner lot.
      301 E Reinken Ave, Belen, NM 87002
      View Details
    • $5,500,000
      44,680 SF

      Belen Office Space For Rent

      Centrally located office space with great visibility and ample parking.
      101 S Main St, Belen, NM 87002
      View Details
    • Contact for pricing
      44,560 SF

      Multi-Tenant Bank Building For Sale

      Four-story, 44,680 SF multi-tenant bank building with income potential.
      101 S Main St, Belen, NM 87002
      View Details
    • Contact for pricing
      3,000 SF

      Office Building Near Reinken Ave

      Office building formerly used by KARS Radio near Reinken Ave.
      208 N 2Nd St, Belen, NM 87002
      View Details
    • Contact for pricing
      1,786 SF

      Historic Plaza Office Building

      Office building in the center of town on Main Street.
      201 S Main St, Belen, NM 87002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,388 SF

      Belen Office Space For Rent

      Office space available with flexible build-outs and ample parking.
      620 W Reinken Ave, Belen, NM 87002
      View Details
    • $1,681 /Mo
      179,467 SF

      Retail Space and Pad Sites

      Retail spaces and pad sites available for lease in Belen.
      162 Caldwell Ave, Belen, NM 87002
      View Details
    • Contact for pricing

      Retail Land Near I-25 Bypass

      Land available for ground lease, build to suit, or sale.
      21 I-25 Byp, Belen, NM 87002
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 S Main St
    Belen, NM 87002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!