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221 New Mexico 165
Placitas, NM 87043
Asking Price
$1.20M
Asset Type
Commercial Land
Class
Class B
What's Special
221 New Mexico 165, Placitas, NM 87043 <ul><li>Rare commercial development opportunity located within the only established commercial corridor in the Village of Placitas.</li><li>Neighboring commercial center 100% full, zero vacancy in the area.</li><li>Prime location directly adjacent to the area's primary shopping center, providing strong visibility and consistent local traffic.</li><li>Flat, graded, and development-ready parcel, significantly reducing upfront site preparation costs and accelerating project timelines.</li><li>
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.45%
Monthly Payment
$5,931.998
Annual Cash Flow
$8,816.026
