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Property profile & analytics
FOR SALE
Office buildings
901 N Florida Ave Alamogordo, NM 88310
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0850162
For Sale
1 / 51
Contact for pricing
901 N Florida Ave, Alamogordo, NM 88310
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Property summary
AI-generated overview
This Alamogordo, NM office building presents a compelling investment opportunity. Located at 901 N Florida Ave, this 7,751 square foot Class B building sits on a 0.492-acre lot and is currently 100% occupied by TDS Telecom under a triple-net (NNN) lease with a corporate guarantee. The asking price is $940,575, representing a price per square foot of $121.35 and an 8.00% capitalization rate. The property boasts a strong net operating income (NOI) of $75,246, further enhanced by a built-in 5% annual rental increase. The long-term tenant, TDS Telecom, has occupied the premises for over 15 years and recently renewed their lease for an additional 5 years, providing exceptional stability and predictable cash flow. This standalone office building offers a secure investment with significant upside potential in a desirable location. The property's well-below-replacement cost further strengthens its investment appeal. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property with a proven track record.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,751 SF
Lot
0.52 ac (22,521 SF)
APN
01N4055094294203
UPID
US61-0850162
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TDS Alamogordo Cafe & Coffee Shop
-
TDS Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Alamo-cc LLC
Alamo-cc LLC
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alamogordo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alamogordo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$965,000
Current use
RESTAURANT
$930,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,739
Tax year 2023
Assessed value
$435,106
Assessed 2024
Previous assessed
$435,106
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$125,000
Assessed improvement
$310,106
Land market value
$375,000
Improvement market value
$930,317
Total market value
$1,305,317
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
REFRIGERATOR
Stories
2
Total area
7,751 SF
Lot
0.52 ac (22,521 SF)
APN
01N4055094294203
UPID
US61-0850162
Jurisdiction
OTERO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$965,000
RESTAURANT
Est. value
$930,000
OFFICE BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Alamo-cc LLC
Entity
Mailing address
1117 VIRGINIA ST STE D, BERKELEY, CA 94702-1379
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Alamo-cc LLC
—
Deed Of Trust
related
$460,000 · Benidt B A Living Trust (rt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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