817 Main St Belen, NM 87002
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.