Stand-Alone Sale-Leaseback Commercial
For Sale
Contact for pricing
2207 Golf Course Rd. SE, Rio Rancho, NM 87124
NNN sale-leaseback asset with stand-alone visibility and access along a primary Rio Rancho corridor.
Property Size3,360 SF
Price / SF$393.88
Days on Market101
Property Features for 2207 Golf Course Rd. SE
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Office
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$92,640
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Absolute Investment Realty LLC
Listed By:
Rita Cordova · License #50862
(505) 346-6006
Source:
Crexi
Added: Jun 12
Changed: Sep 20
Last Checked: Sep 20 at 7:56AM
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 Absolute Investment Realty LLC
Investment Insights
Based on property information with market context.
This offering is an absolute NNN sale-leaseback of a stand-alone commercial building totaling 3,360 square feet. The property is being marketed as an NNN structure, providing investors and operators with a clear, single-asset ownership and tenancy framework through the sale-leaseback arrangement.
Located on Golf Course Road in Rio Rancho, the building benefits from visibility and straightforward access on a main corridor. The surrounding area is described as an active commercial mix of retail, restaurants, and service businesses, with nearby shopping centers and everyday amenities that help support consistent local activity. The property is also positioned in close proximity to Albuquerque, placing it within a broader metro area.
For buyers, this is a stand-alone NNN asset offered through an absolute sale-leaseback process, centered on ownership of a corridor-facing building with on-site access and visibility. For potential operators reviewing the tenancy context, the configuration is suited to businesses that value a discrete, freestanding presence in an area supported by retail and service activity rather than a multi-tenant center.
Located on Golf Course Road in Rio Rancho, the building benefits from visibility and straightforward access on a main corridor. The surrounding area is described as an active commercial mix of retail, restaurants, and service businesses, with nearby shopping centers and everyday amenities that help support consistent local activity. The property is also positioned in close proximity to Albuquerque, placing it within a broader metro area.
For buyers, this is a stand-alone NNN asset offered through an absolute sale-leaseback process, centered on ownership of a corridor-facing building with on-site access and visibility. For potential operators reviewing the tenancy context, the configuration is suited to businesses that value a discrete, freestanding presence in an area supported by retail and service activity rather than a multi-tenant center.
Key Highlights
- Absolute NNN sale‑leaseback commercial asset at 2207 Golf Course Rd SE in Rio Rancho, NM
- Stand‑alone building with visibility and access along Golf Course Road, a main Rio Rancho corridor
- Located in an active commercial area with nearby shopping centers and everyday services
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
$44,188
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
3.34%
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%
$883,760
$883.8K
Cap Rate 7%
$631,257
$631.3K
Cap Rate 9%
$490,978
$491.0K
Market Conditions
NOI Build-Up for 3,360 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
$70.6K $21.00/SF
− Vacancy
−$11.6K −$3.47/SF
EGI
$58.9K $17.54/SF
− OpEx
−$14.7K −$4.38/SF
NOI
$44.2K $13.15/SF
Area
Rio Rancho, NM
Vacancy
16.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$883,760
Cap Rate 7%
$631,257
Cap Rate 9%
$490,978
Alternative Uses
Best Use
Office B
$631.3K
$552.4K – $736.5K
NOI $44,188 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$832.2K
$728.2K – $970.9K
NOI $58,254 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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Business Placement
Demographics for 87124, NM
59,781
Population
23,027
Households
2.6
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
77.9 sq mi
ZIP Area
767
Density / Sq Mi
$82,278
Median Household Income
$43,353
Median Earnings
$1,380
Median Rent
$262,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
NNN property - NNN sale-leaseback asset with stand-alone visibility and access along a primary Rio Rancho corridor.
Where is this nnn property located?
The property is located at 2207 Golf Course Rd. SE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $1,323,429.
What are key features of this property?
This property features: Absolute NNN sale‑leaseback commercial asset at 2207 Golf Course Rd SE in Rio Rancho, NM; Stand‑alone building with visibility and access along Golf Course Road, a main Rio Rancho corridor; Located in an active commercial area with nearby shopping centers and everyday services
