Two-Unit Office
For Sale
$889,000
800 Pile St, Clovis, NM 88101
Downtown office property with a long-term government lease, renovated systems, and a separate historic building for repositioning.
Property Size11,989 SF
Price / SF$74.15
Days on Market193
Property Features for 800 Pile St
General Information
Standard status
Active
Size
11,989 SF
Taxes and HOA fees
Annual Taxes
$3,528
Listing Agency:
Exp Realty, LLC
(575) 749-3574
Listed By:
Anna Soto · License #52391
(575) 749-3574
Source:
Exprealty
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 9:27AM
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 Exp Realty, LLC
Investment Insights
Based on property information with market context.
This two-unit office property includes a leased professional office component and a separate historic brick building requiring renovation. The occupied unit serves as the Public Defenders Office under a lease running through 2037, with an extension option through 2042 and 3% annual increases. The lessor handles utilities, insurance, and taxes. Improvements include three replacement HVAC units and fresh exterior paint. The office layout features a secure public entrance, waiting area, multiple reception areas, private offices, records and storage rooms, public and employee restrooms, a board room, meeting room, and a kitchen/breakroom with appliances.
The second building dates to the 1930s and includes hardwood floors, high ceilings, fireplaces, and an open layout. It is located near the courthouse in downtown Clovis and includes 17 off-street parking spaces; the occupied unit includes an additional 27 spaces. The property supports an approximately 8% cap rate with one unit occupied, while the vacant building provides a renovation and lease-up component.
The second building dates to the 1930s and includes hardwood floors, high ceilings, fireplaces, and an open layout. It is located near the courthouse in downtown Clovis and includes 17 off-street parking spaces; the occupied unit includes an additional 27 spaces. The property supports an approximately 8% cap rate with one unit occupied, while the vacant building provides a renovation and lease-up component.
Key Highlights
- Public Defenders Office lease runs through 2037 with an option extending to 2042
- Lease includes 3% annual increases; lessor responsible for utilities, insurance, and taxes
- Approximately 8% cap rate with one unit occupied
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 88101, NM
45,651
Population
19,798
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
82%
High-School Grad
539.3 sq mi
ZIP Area
85
Density / Sq Mi
$55,349
Median Household Income
$35,816
Median Earnings
$991
Median Rent
$162,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Downtown office property with a long-term government lease, renovated systems, and a separate historic building for repositioning.
Where is this office building located?
The property is located at 800 Pile St Clovis, NM.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Public Defenders Office lease runs through 2037 with an option extending to 2042; Lease includes 3% annual increases; lessor responsible for utilities, insurance, and taxes; Approximately 8% cap rate with one unit occupied
