Building Details

Year built 1996

Listing Agency: Town & Country Real Estate, Inc. j***@3lefties.com Show Phone

Listed By: Brian Essex · License #REC-2024-0356 Show Phone

Added: Oct 22 Last Checked: Oct 25 at 6:06PM

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MLS# 26001927

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Investment Insights

Based on property information with market context.

This 1,824-square-foot office building in Roy is occupied under a lease to the municipal courts. The property was built in 1996 and sits on a 0.17-acre parcel at 355 Chicosa St. The stated capitalization rate is 12.3%.

Key Highlights

• 1,824‑square‑foot office building
• Leased to the municipal courts
• 12.3% capitalization rate

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Restaurant Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Explore this area Business Placement

Demographics for 87743, NM

312

Population

280

Households

1.1

Avg Household Size

60

Median Age

29%

College-Educated

87%

High-School Grad

572.9 sq mi

ZIP Area

1

Density / Sq Mi

$40,966

Median Household Income

$51,875

Median Earnings

$1,039

Median Rent

$55,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Office building - An existing lease to the municipal courts provides an established tenancy.

Where is this office building located?

The property is located at 355 Chicosa St Roy, NM.

What is the asking price?

The asking price for this property is $95,000.

What are key features of this property?

This property features: 1,824‑square‑foot office building; Leased to the municipal courts; 12.3% capitalization rate