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Property profile & analytics
OFF-MARKET
Commercial real estate

817 Main St Belen, NM 87002

5.8 ac lot
Property ID
US61-0036411
Property summary
AI-generated overview

This exceptional 5.8-acre property presents a unique investment opportunity in Belen, New Mexico. Strategically located on N. Main Street and Don Felipe Road, this land boasts high visibility and accessibility. N. Main Street, a key north-south thoroughfare, sees robust traffic, averaging 18,070 vehicles daily, according to MRCOG data. The property's location offers convenient access to both Interstate 25 and the Walmart Supercenter, situated approximately 2.3 miles to the north. The site benefits from dual zoning: C-1 commercial zoning along N. Main Street and residential zoning along Don Felipe Road, allowing for diverse development possibilities. This versatile land parcel is ideally positioned to capitalize on Belen's current residential growth and emerging commercial development, evidenced by recent additions like a new Starbucks. Don Felipe Road provides an alternative route to major thoroughfares and is characterized by a mix of small farms and ranches. The asking price for this prime location is $758,000. This presents a compelling opportunity for developers seeking to build upon Belen's expanding infrastructure and growing community.

Property profile
Verified
Property type Commercial real estate
Lot 5.8 ac (252,648 SF)
UPID US61-0036411
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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