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    1600 32Nd St Silver City, NM 88061

    Sponsored
    For Sale
    $4,105,600

    Prime medical facility, high NOI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Silver City, New Mexico's medical district. This property, situated at the corner of Highway 15 and 32nd Street, is a well-established medical clinic/urgent care center serving Silver City and the surrounding communities. Built in 1985, the main building boasts over 25 rooms and 9 bathrooms, providing ample space for various medical uses. The property includes extensive parking with 12 covered spaces, 35 open spaces, and ADA-designated parking. A significant advantage is the 95 kW photovoltaic inter-tie grid solar system installed in 2017, contributing to energy efficiency and cost savings. In addition to the main building, there's a 2,000 square foot auxiliary building currently used as an IT/training/meeting facility, and a separate 1,200 square foot metal storage unit. The property benefits from a triple net lease with the current tenant, expiring December 31, 2033. The tenant is responsible for all taxes, insurance, and non-structural repairs. The net operating income (NOI) for 2024 is projected at $307,920, with a 2.5% annual rent escalation clause, leading to a projected NOI of $384,550 by 2033. This property presents a strong and stable income stream with significant long-term growth potential. Asking price is $4,105,600.

    Property Features for 1600 32Nd St

    General Information

    Property type
    Land

    HighLights

    • Exceptional investment opportunity: established medical clinic/urgent care center in Silver City, NM's medical district.
    • Corner location at Highway 15 and 32nd Street.
    • Main building: 25+ rooms, 9 baths, built 1985.
    • Ample parking: 12 covered, 35 open, ADA spaces.
    • 95 kW solar system (2017), reducing operating costs.
    • Auxiliary building (2,000 SF) and storage unit (1,200 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Colicia M. Meyerowitz, ... Internist Dr. Alison K. ... Doctor Dr. John A. Flores, ... Internist Bell John O ... Internist MUSKULA P. KUMAR, ... Internist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver City
    County
    Grant
    State
    New Mexico
    Longitude
    -108.257228
    Latitude
    32.7942325

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    FAQs

    What type of property is this?
    Land - Prime medical facility, high NOI.
    Where is this land located?
    The property is located at 1600 32Nd St Silver City, NM.
    What is the asking price?
    The asking price for this property is $4,105,600.
    What are key features of this property?
    This property features: Exceptional investment opportunity: established medical clinic/urgent care center in Silver City, NM's medical district.; Corner location at Highway 15 and 32nd Street.; Main building: 25+ rooms, 9 baths, built 1985.
    Request Owner's contact information
    1600 32Nd St Silver City, NM 88061
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    Silver City, NM 88061
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    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
    1600 32Nd St Silver City, NM 88061
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