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    901 Florida Ave Alamogordo, NM 88310

    For Sale
    $940,575

    High-yield, single-tenant office building.

    Property size:
    7,751 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 901 Florida Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,751 SF
    Class
    B
    Lot Size
    21,432 SF

    HighLights

    • 7,751 SF Class B office building in Alamogordo, NM on a 0.492‑acre lot.
    • 100% occupied by TDS Telecom under a NNN lease with corporate guarantee.
    • Asking price: $940,575 ($121.35/SF), 8.00% cap rate, $75,246 NOI.
    • 5% annual rent increases built into the lease.
    • Long‑term tenant (15+ years) recently renewed for 5 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TDS Alamogordo Internet Cafe TDS Internet Service Provider

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.9532252
    Latitude
    32.8989375

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield, single-tenant office building.
    Where is this office property / space located?
    The property is located at 901 Florida Ave Alamogordo, NM.
    What is the asking price?
    The asking price for this property is $940,575.
    What are key features of this property?
    This property features: 7,751 SF Class B office building in Alamogordo, NM on a 0.492-acre lot.; 100% occupied by TDS Telecom under a NNN lease with corporate guarantee.; Asking price: $940,575 ($121.35/SF), 8.00% cap rate, $75,246 NOI.
    (505) 273-7169
    Request Owner's contact information
    901 Florida Ave Alamogordo, NM 88310
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    Alamogordo, NM 88310
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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
    901 Florida Ave Alamogordo, NM 88310
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