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

    708 Main St Belen, NM 87002

    • Commercial real estate
    • 8,320 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0941770
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 708 Main St

    Year built
    2014
    Property size
    8,320 SF
    Property type
    Commercial real estate

    Description

    This exceptional 8,320-square-foot freestanding retail building is located at 708 S Main St, Belen, NM 87002, at the southeast corner of S Main St and Camino Del Llano. Constructed in 2014, the building boasts a prominent location with significant visibility to over 10,000 cars daily. The property features a metal roof, ample parking with multiple night lights, and excellent signage opportunities including both facade and pylon signage facing S Main Street. Access to Camino Del Llano and Buena Vista provides convenient connections to the adjacent residential neighborhood, enhancing customer reach. The building is zoned MX-M and situated in Valencia County. The entire 8,320 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a strong presence in a thriving area. A convenient trash receptacle is located on the northeast corner of the property. Less than one mile from I-25 via Camino Del Llano, this property offers unparalleled accessibility and exposure for any retail business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    106.778212
    Latitude
    34.6545368

    Comparable in this City

    • $14 SF/Yr
      18,235 SF

      Prime Belen Office Space

      Exceptional office suites in a vibrant location.
      620 Reinkin Ave, Belen, NM 87002
      View Details
    • $5,500,000
      1,316 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
      182,081 SF

      Belen, NM Commercial Land Opportunity

      Walmart-anchored pad, 1.52-4.18 acres.
      21 I-25 Byp, Belen, NM 87002
      View Details
    • $14 SF/Yr
      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

    Similar Nearby for Sale

    • $600,000

      Belen Main Street Retail Opportunity

      Prime Belen location, high traffic, redevelopment potential.
      219-223 Main St, Belen, NM 87002
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    • $1,675,000
      15,610 SF

      Retail Strip Mall Investment Opportunity

      Retail strip mall on Belen's Main Street. 100% occupied.
      613 N Main St, Belen, NM 87002
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    • $425,000
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      Belen Retail Center - Main Street

      High-traffic retail investment opportunity.
      503/517 Main St, Belen, NM 87002
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    • $525,000
      4,200 SF

      Belen Retail Space - Prime Location

      High-traffic retail space in booming Belen, NM.
      600 Dalies Ave, Belen, NM 87002
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    • $265,000
      1.80 Acres

      Belen Commercial Opportunity For Sale

      4,596 sqft building on 1.8 acres, high visibility location.
      921 E River Rd, Belen, NM 87002
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    • $649,999
      4,820 SF

      Belen, NM Retail Investment

      High-yield convenience store/dispensary
      804 Main St, Belen, NM 87002
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      18,235 SF

      Prime Belen Office Space

      Exceptional office suites in a vibrant location.
      620 Reinkin Ave, Belen, NM 87002
      View Details
    • $5,500,000
      1,316 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
      182,081 SF

      Belen, NM Commercial Land Opportunity

      Walmart-anchored pad, 1.52-4.18 acres.
      21 I-25 Byp, Belen, NM 87002
      View Details
    • $14 SF/Yr
      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
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    708 Main St
    Belen, NM 87002
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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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