Single-Story Office
For Sale
$675,000
Pending
2411 Cabezon Blvd SE Ste A, Rio Rancho, NM 87124
C-1-zoned workspace with private offices, a conference room, and dedicated parking.
Property Size2,551 SF
Days on Market261
Property Features for 2411 Cabezon Blvd SE Ste A
General Information
Standard status
Pending
Size
2,551 SF
Total Parking Spaces
5
Property subtype
Office
Zoning
C-1
Additional Details
Asking Price
$675,000
Building Details
Stories
1
Listing Agency:
Sycamore Associates,LLC
Listed By:
Gregory Leach
(505) 345-5075
Source:
Carnm.resimplifi
Added: Jan 29
Changed: Oct 12
Last Checked: Oct 16 at 5:48AM
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 Sycamore Associates,LLC
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Investment Insights
Based on property information with market context.
Suite A is a 2,551± SF single-story office condominium at 2411 Cabezon Blvd SE in Rio Rancho. The interior includes seven private offices, a conference room, an open bullpen and breakroom area, storage, and 2 restrooms. Abundant natural light and a circular floor plan support orderly movement between work areas and client-facing spaces.
The property includes five dedicated parking spaces and sits approximately ¾ mile from Presbyterian Rust Medical Center. Its C-1 zoning and existing office configuration support professional and medical-oriented office use. The suite is currently occupied.
The property includes five dedicated parking spaces and sits approximately ¾ mile from Presbyterian Rust Medical Center. Its C-1 zoning and existing office configuration support professional and medical-oriented office use. The suite is currently occupied.
Key Highlights
- 2,551± SF single‑story office condominium
- Seven private offices plus a conference room
- Open bullpen/breakroom, storage, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,549
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,980
$671.0K
Cap Rate 7%
$479,271
$479.3K
Cap Rate 9%
$372,767
$372.8K
Market Conditions
NOI Build-Up for 2,551 SF
Gross rent
$53.6K $21.00/SF
− Vacancy
−$8.8K −$3.47/SF
EGI
$44.7K $17.54/SF
− OpEx
−$11.2K −$4.38/SF
NOI
$33.5K $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 Rate 5%
$670,980
Cap Rate 7%
$479,271
Cap Rate 9%
$372,767
Alternative Uses
Best Use
Office B
$479.3K
$419.4K – $559.2K
NOI $33,549 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$631.8K
$552.9K – $737.1K
NOI $44,228 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - C-1-zoned workspace with private offices, a conference room, and dedicated parking.
Where is this office units located?
The property is located at 2411 Cabezon Blvd SE Ste A Rio Rancho, NM.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,551± SF single‑story office condominium; Seven private offices plus a conference room; Open bullpen/breakroom, storage, and 2 restrooms
