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Las Cruces Office Building For Sale

4605 Research Park Circle, Las Cruces, NM

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For Sale

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Office building with long-term tenants in Arrowhead Research Park.

Type:OFFICE

Property size:

15,589 SF

Lot size:

1.00 Acre

Price / SF:

$153/SF

HighLights

Two State of New Mexico tenants with long‑term leases.
Favorable ground lease terms expiring 7/25/2047, with three (3) additional five‑year extension options.
Located within NMSU’s Arrowhead Research Park with direct visual exposure and easy access to Interstate 25 and 10.
Access to NMSU resources and strategic partners.
Opportunities for business to partner with NMSU in pursuit of grants and contracts.
Access to the Arrowhead Technology Incubator and the National Security Technology Incubator.

We can help!

Listing Contact

John Ransom CCIM, SIOR

Learn more

For Sale

Contact for pricing

Office building with long-term tenants in Arrowhead Research Park.

Type:OFFICE

Property size:

15,589 SF

Lot size:

1.00 Acre

Price / SF:

$153/SF

Added:: Mar 26, 2025
Days on Market:: 447
Last Refresh:: May 20 at 8:50 pm

Property Features for 4605 Research Park Circle

General Information

Standard status: Active
Size: 15,589 SF
Lot size: 1.00 Acre
Property subtype: OFFICE

We can help!

Listing Contact

John Ransom CCIM, SIOR

Listing agent John Ransom CCIM, SIOR

Listing office Colliers | Albuquerque

Listing date Mar 26, 2025

Source Moodyscre

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 Colliers | Albuquerque

HighLights

Two State of New Mexico tenants with long‑term leases.
Favorable ground lease terms expiring 7/25/2047, with three (3) additional five‑year extension options.
Located within NMSU’s Arrowhead Research Park with direct visual exposure and easy access to Interstate 25 and 10.
Access to NMSU resources and strategic partners.
Opportunities for business to partner with NMSU in pursuit of grants and contracts.
Access to the Arrowhead Technology Incubator and the National Security Technology Incubator.

Overview

This office building is located within New Mexico State University’s 257-acre Arrowhead Research Park, offering direct visual exposure and easy access to Interstate 25 and 10. The property features two State of New Mexico tenants with long-term leases. It has favorable ground lease terms with an initial term expiring on July 25, 2047, and three additional five-year options to extend. The site provides access to NMSU resources and strategic partners, creating opportunities for businesses to partner with NMSU in pursuit of grants and contracts. It also offers access to the Arrowhead Technology Incubator and the National Security Technology Incubator, along with an on-site world-class telecommunication network. The property contains 15,589 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$215.1k	$13.80
− Vacancy	−$31.2k	−$2.00
EGI	$183.9k	$11.80
− OpEx	−$46.0k	−$2.95
NOI	$138.0k	$8.85

15,589 SF · lease $13.80/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,951 @ 7.0% cap · market cap 5.75%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.73M

$2.39M – $3.18M (±1% cap)

NOI $190,959 @ 7.0% cap · market cap 7.96%

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

Location Intelligence

Current Use by Public Records

Spaceport America Corporate ... Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Las Cruces
County: Dona Ana
State: New Mexico
Longitude: -106.743
Latitude: 32.2704

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For sale
Office buildings
NM
Las Cruces
4605 Research Park Circle

What type of property is this?

Office building - Office building with long-term tenants in Arrowhead Research Park.

Where is this office building located?

The property is located at 4605 Research Park Circle Las Cruces, NM.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Two State of New Mexico tenants with long‑term leases.; Favorable ground lease terms expiring 7/25/2047, with three (3) additional five‑year extension options.; Located within NMSU’s Arrowhead Research Park with direct visual exposure and easy access to Interstate 25 and 10.

4605 Research Park Circle, Las Cruces, NM

Office building with long-term tenants in Arrowhead Research Park.

Property Features for 4605 Research Park Circle

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

High-Traffic Gas Station & C-Store

Unbranded Gas Station and C-Store

Office Building with Back Patio

Luxury Brand-New Fourplex

Las Cruces Four-Plex Investment

Las Cruces Multifamily Investment Property

Las Cruces Commercial Opportunity

Land in Las Cruces, NM

Las Cruces Industrial Opportunity

Well-Maintained Duplex in Las Cruces

Pecan Orchard Land For Sale

Flex and Storage Property with Garage

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