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    901 N Florida Ave Alamogordo, NM 88310

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    For Sale
    $955,346

    Single tenant office building with long-term lease and annual rent increases.

    Property size:
    7,751 SF
    Lot size:
    0.52 Acres

    Property Features for 901 N Florida Ave

    General Information

    Size
    7,751 SF
    Lot size
    0.52 Acres

    Source: Western States Commercial Real Estate Agent Michael Reneau

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

    Overview

    Single Tenant Office Building

    This single-tenant office building is available for purchase and is priced below replacement cost. The current tenant has occupied the space for over 15 years and has recently extended their lease for another 5 years. The tenant is responsible for self-maintaining the building and also pays for building insurance and taxes. The lease includes rare 5% annual increases in the base rent. The property is 7751 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    TDS Alamogordo Internet Cafe TDS Internet Service Provider

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.953445
    Latitude
    32.899414

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    FAQs

    What type of property is this?
    Office building - Single tenant office building with long-term lease and annual rent increases.
    Where is this office building located?
    The property is located at 901 N Florida Ave Alamogordo, NM.
    What is the asking price?
    The asking price for this property is $955,346.
    What are key features of this property?
    This property features: - Single tenant property.; - Long-term tenant (15+ years) recently extended lease for 5 more years.; - Rare 5% annual increases in base rent as an inflation hedge.
    (505) 999-0527
    Request Owner's contact information
    901 N Florida Ave Alamogordo, NM 88310
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    Alamogordo, NM 88310
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    Realmo Value Estimation

    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.

    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.

    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
    901 N Florida Ave Alamogordo, NM 88310
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