Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Near Hospital Title is generated by Realmo AI

    150 N Roadrunner Pkwy, Las Cruces, NM

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Medical office near Mountain View and Memorial Medical Campuses.

    Type:OFFICE
    Property size:
    15,789 SF
    Lot size:
    2.24 Acres
    Price / SF:
    $269/SF
    Added:
    Mar 20, 2025
    Days on Market:
    442
    Last Refresh:
    May 20 at 8:43 pm

    Property Features for 150 N Roadrunner Pkwy

    General Information

    Standard status
    Active
    Size
    15,789 SF
    Lot size
    2.24 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Randy McMillan
    Randy McMillan

    Listing agent Randy McMillan License #6572

    Listing office NAI 1st Valley Realty

    Listing date Mar 20, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI 1st Valley Realty

    HighLights

    • Less than a 1/2 mile from Mountain View Medical Campus
    • Property is currently set up as a medical office
    • Ample parking for medical use
    • 2.9 miles from Memorial Medical Campus
    • Traffic count: 7,583 VPD
    • Construction – Structural steel & stucco

    Overview

    This property is currently configured as a medical office. It is located less than half a mile from Mountain View Medical Campus and 2.9 miles from Memorial Medical Campus. The building features structural steel and stucco construction. Ample parking is available, suitable for medical use. The property benefits from a traffic count of 7,583 vehicles per day. The property size is 15,789 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert Schwartz, MD Physician Memorial Bone + Joint ... Medical Clinic Omar Jan, PA-C, ... Physician Eric Sandoval, MD Physician Fernando Ravessoud, MD Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Jornada Veterinary Clinic - A Thrive Pet Healthcare Partner — 2399 Saturn Cir, Las Cruces, NM 88012

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.734
    Latitude
    32.3243

    Nearby Similar for Sale

    • $1,950,000
      4,140 SF

      Las Cruces Gas Station C-Store

      Unbranded gas station and convenience store in growing area.
      5701 N Jornada Road, Las Cruces, NM 88012
      View Details
    • $450,000
      5,028 SF

      Las Cruces Commercial Space

      High-visibility commercial space suitable for retail, office, or service use.
      6185 Bataan Memorial W, Las Cruces, NM 88012
      View Details
    • $1,950,000
      4,140 SF

      High-Traffic Gas Station & C-Store

      Turnkey gas station and convenience store in booming Las Cruces.
      5701 N Jornada Road, Las Cruces, NM 88012
      View Details
    • $1,350,000
      1,656 SF

      Las Cruces Four-Plex Investment

      Four luxury units near Sonoma Ranch Golf Course.
      1263 Mission Nuevo Drive, Las Cruces, NM 88011
      View Details
    • $800,000

      Las Cruces Multifamily Investment Property

      Five income-producing units on 2.71 acres in Las Cruces.
      311 Hurt Road, Las Cruces, NM 88007
      View Details
    • $120,000

      Las Cruces Commercial Opportunity

      Commercial property near downtown Las Cruces, ideal for retail or office.
      2165 Chiquita Street, Las Cruces, NM 88001
      View Details
    • $275,000

      Turnkey Residential Income Triplex

      Three-unit, turnkey property with mini-split refrigerated air and designated parking for each unit.
      439 N Alameda Boulevard, Las Cruces, NM 88005
      View Details
    • $115,000

      Land in Las Cruces, NM

      Land for sale in Las Cruces, New Mexico.
      1311 Vista Del Cerro, Las Cruces, NM 88007
      View Details
    • $1,150,000

      Las Cruces Industrial Opportunity

      Industrial property with two buildings and ample storage space.
      375 N Compress Road, Las Cruces, NM 88005
      View Details
    • $239,750
      840 SF

      Well-Maintained Duplex in Las Cruces

      Las Cruces duplex with carport and storage, live-in potential.
      1255 W Ethel Avenue, Las Cruces, NM 88005
      View Details
    • $199,000

      Pecan Orchard Land For Sale

      2.24-acre pecan orchard with mature trees and irrigation well.
      530 Carver Road, Las Cruces, NM 88005
      View Details
    • $935,000
      5,000 SF

      Versatile Showroom/Office with Industrial Component

      Remodeled showroom/office with significant shop and storage space.
      909 W Amador Ave, Las Cruces, NM 88005
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office near Mountain View and Memorial Medical Campuses.
    Where is this medical office space located?
    The property is located at 150 N Roadrunner Pkwy Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Less than a 1/2 mile from Mountain View Medical Campus; Property is currently set up as a medical office; Ample parking for medical use
    (575) 640-7213 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy McMillan
    Randy McMillan
    Real Estate License ID: 6572
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    150 N Roadrunner Pkwy, Las Cruces, NM
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!