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    Renovated Three-Story Office Building Title is generated by Realmo AI

    277 E Amador Ave, Las Cruces, NM 88001

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    Comprehensively renovated office building with modern interiors and city views.

    Type:Office
    Added:
    Dec 3, 2020
    Days on Market:
    1993
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 277 E Amador Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 277 E Amador Ave Contact us

    Suite 202 $20/Mo

    Size
    745 SF
    Type
    Office
    Contact us

    Suite D $22/Mo

    Size
    743 SF
    Type
    Office
    Located on the first floor
    Contact us

    Suite 304 $23/Mo

    Size
    3,166 SF
    Type
    Office
    • Top-floor premium suite featuring a high-quality build-out, ideal for a flagship...
    show more
    Contact us

    Suite 307 $22/Mo

    Size
    550 SF
    Type
    Office
    Contact us

    Suite F $22/Mo

    Size
    1,399 SF
    Type
    Office
    Located on the first floor
    Contact us

    Suite 201 $22/Mo

    Size
    915 SF
    Type
    Office
    Located on the second floor
    Contact us

    Suite 101 $21/Mo

    Size
    1,778 SF
    Type
    Office
    Contact us

    Suite 275 $20/Mo

    Size
    890 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Preston Williams
    Preston Williams

    Listing agent Preston Williams License #REC-2022-0751

    Listing office NAI 1st Valley

    Listing date Dec 3, 2020

    Source Crexi

    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 NAI 1st Valley

    HighLights

    • Comprehensively renovated three‑story office building under new ownership.
    • Fully upgraded interior lobbies across all three floors with new lighting, modern finishes, and curated lounge furniture.
    • Modernized restrooms and common areas.
    • Over 60 original art installations.
    • Bright, contemporary interiors with a mix of private offices and open work areas.
    • Premium suites with city views.

    Overview

    This is a comprehensively renovated three-story office building under new ownership. The building's interior lobbies across all three floors have been fully upgraded, featuring new lighting, modern finishes, curated lounge furniture, and over 60 original art installations. Restrooms and common areas have been modernized. The property offers bright, contemporary interiors with a mix of private offices, open work areas, and premium suites with city views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WESST Las Cruces ... Business Management Consultant Almanza Abrams, PA Law Firm U.S. Bank - Wealth ... Financial Advisor Pacheco Law Office, ... Law Firm Zia Vista Therapy, ... Crisis Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.7764838
    Latitude
    32.3077402

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    FAQs

    What type of property is this?
    Office building - Comprehensively renovated office building with modern interiors and city views.
    Where is this office building located?
    The property is located at 277 E Amador Ave Las Cruces, NM.
    What are key features of this property?
    This property features: Comprehensively renovated three‑story office building under new ownership.; Fully upgraded interior lobbies across all three floors with new lighting, modern finishes, and curated lounge furniture.; Modernized restrooms and common areas.
    (575) 621-2445 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Preston Williams
    Preston Williams
    Real Estate License ID: REC-2022-0751
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    277 E Amador Ave, Las Cruces, NM 88001
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