Single-Story Office
For Sale
$675,000
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
Price / SF$264.60
Days on Market214
Property Features for 2411 Cabezon Blvd SE Ste A
General Information
Standard status
Active
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
(505) 345-5075
Listed By:
Gregory Leach
(505) 345-5075
Source:
Carnm.resimplifi
Added: Jan 29
Changed: Aug 31
Last Checked: Aug 31 at 1:22PM
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
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 = 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
$33,549
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
4.97%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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?
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
