Deacon Property Services
Listed by EPIC REAL ESTATE, Deacon Property Services
$499,000
512 US-85
Details
Property Type Retail
Sub Type Storefront
Square Footage 6,472
Units 2
Cap Rate 12.00%
NOI $60,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $77
Year Built 1980
Buildings 1
Acreage 0.728
Zoning C-2: General Commercial
Investment Type Net Lease
Ground Lease No
Retail | 12.00% CAP | 6,472 SqFt
Marketing description
Prime Commercial Location - High-visibility retail site in Socorro, NM. This 6,472 sq. ft. freestanding building is currently 100% leased with two NNN leases in place bringing $60,000 in annual NOI. Both spaces are currently leased but a new tenant can negotiate and fill in either spaces within the year. Additional land is available for potential expansion, offering a development opportunity. The property is positioned near Highway 85 and zoned C-2: General Commercial. Negotiable for New Owner-Occupant.
Investment highlights
- Prime Commercial Location - High-visibility retail site in Socorro, NM
- 6,472 Sq. Ft. Freestanding Building
- Development Opportunity - Additional land for potential expansion
Listing Contacts
Deacon Property Services
Listed by EPIC REAL ESTATE, Deacon Property Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
12.02%
Cap Rate
12.02%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial
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View all 150 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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