Leased Medical Office
New
For Sale
Contact for pricing
1275 Anthony Drive, Anthony, NM 88021
Fully occupied suite with an NNN lease and additional land for potential clinic expansion.
Property Size3,000 SF
Price / SF$211.67
Days on Market7
Property Features for 1275 Anthony Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Listing Agency:
REP Commercial Real Estate
Listed By:
Sergio Tinajero · License #NM 19736
(915) 422-2242
Source:
Crexi
Added: Aug 28
Changed: Sep 2
Last Checked: Sep 2 at 2:12PM
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 REP Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office condominium includes a 3,000 Sq. Ft. suite at 1275 Anthony Drive, Suite E234, in Anthony, New Mexico. The premises are leased to KidsKare Family Dental, an operator with 8 locations throughout Southern New Mexico. The current lease is structured as NNN and carries a 5-year term that commenced in July 2026.
The property is situated approximately one mile north of the Texas–New Mexico state line. The sale also includes an additional portion of land sufficient for a 1,000 to 1,500 ± Sq. Ft. suite, providing space for expansion of the existing clinic or construction of an additional suite.
The property is situated approximately one mile north of the Texas–New Mexico state line. The sale also includes an additional portion of land sufficient for a 1,000 to 1,500 ± Sq. Ft. suite, providing space for expansion of the existing clinic or construction of an additional suite.
Key Highlights
- 3,000 Sq. Ft. medical office suite at 1275 Anthony Drive, Suite E234
- Leased to KidsKare Family Dental, which has 8 locations throughout Southern New Mexico
- 5‑year lease term commenced in July 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,646
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,920
$592.9K
Cap Rate 7%
$423,514
$423.5K
Cap Rate 9%
$329,400
$329.4K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.0K $18.00/SF
− Vacancy
−$4.6K −$1.53/SF
EGI
$49.4K $16.47/SF
− OpEx
−$19.8K −$6.59/SF
NOI
$29.6K $9.88/SF
Area
Dona Ana County, NM
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,920
Cap Rate 7%
$423,514
Cap Rate 9%
$329,400
Alternative Uses
Best Use
Healthcare Medical
$423.5K
$370.6K – $494.1K
NOI $29,646 @ 7.0% cap · market cap 4.67%
Second Best
Office B
$379.3K
$331.9K – $442.5K
NOI $26,548 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$525.0K
$459.4K – $612.5K
NOI $36,749 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 88021, NM
16,431
Population
5,742
Households
2.9
Avg Household Size
34
Median Age
16%
College-Educated
66%
High-School Grad
457.6 sq mi
ZIP Area
36
Density / Sq Mi
$49,345
Median Household Income
$28,793
Median Earnings
$605
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied suite with an NNN lease and additional land for potential clinic expansion.
Where is this medical office space located?
The property is located at 1275 Anthony Drive Anthony, NM.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 3,000 Sq. Ft. medical office suite at 1275 Anthony Drive, Suite E234; Leased to KidsKare Family Dental, which has 8 locations throughout Southern New Mexico; 5‑year lease term commenced in July 2026
