Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    723 New York Ave Alamogordo, NM 88310

    For Sale
    $1,295,000

    Single-Tenant, Govt Leased, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully leased, single-tenant medical office building in Alamogordo, New Mexico. Located at 723 N New York Ave, 88310, this property boasts a prime location, conveniently situated just east of Holloman Air Force Base and White Sands Missile Range. The building, which underwent a complete remodel in September 2024, is currently 100% occupied by the New Mexico Corrections Department under a 10-year lease, with occupancy commencing October 2024. This provides immediate and long-term cash flow for the investor. The property's strategic location within Otero County offers excellent visibility and accessibility. The asking price for this turnkey investment is $1,295,000. This represents a rare chance to acquire a stable, high-return investment in a desirable location with a strong, long-term tenant. The property's recent renovation ensures modern, efficient space for the tenant, minimizing future capital expenditures for the owner. This is an ideal opportunity for investors seeking a secure, passive income stream with significant potential for appreciation. The property's proximity to major military installations and the White Sands Missile Range further enhances its long-term value and stability.

    Property Features for 723 New York Ave

    General Information

    Property type
    Medical offices
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.9594375
    Latitude
    32.897537

    Nearby Similar for Sale

    • New
      $347,000
      0.39 Acres

      Alamogordo Retail Property For Sale

      Retail property in Alamogordo, New Mexico, with high traffic.
      1640 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $197,250
      1,090 SF

      In-Bay Automatic Car Wash

      Car wash with potential for increased profitability.
      612 E 11Th St, Alamogordo, NM 88310
      View Details
    • $662,500
      5,000 SF

      Adaptable Building in Alamogordo, NM

      5,000 SF building on 0.70-acre lot in Alamogordo, NM.
      1800 E 1St St, Alamogordo, NM 88310
      View Details
    • $955,346
      7,751 SF

      Single Tenant Office Building

      Single tenant office building with long-term lease and annual rent increases.
      901 N Florida Ave, Alamogordo, NM 88310
      View Details
    • $850,000
      6,138 SF

      Retail Building with Cultivation Facility

      Freestanding retail building with cannabis dispensary and cultivation facility.
      2010-2013 Pecan Dr, Alamogordo, NM 88310
      View Details
    • $450,000
      0.62 Acres

      Alamogordo Commercial Building - $450k

      Prime Alamogordo location, restaurant equipment included.
      00 Lavelle Rd, Alamogordo, NM 88310
      View Details

    FAQs

    What type of property is this?
    Medical office - Single-Tenant, Govt Leased, High ROI
    Where is this medical office located?
    The property is located at 723 New York Ave Alamogordo, NM.
    What is the asking price?
    The asking price for this property is $1,295,000.
    Request Owner's contact information
    723 New York Ave Alamogordo, NM 88310
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    723 New York Ave
    Alamogordo, NM 88310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    723 New York Ave Alamogordo, NM 88310
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.