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    4605 Research Park Cir Las Cruces, NM 88001

    Sponsored
    For Sale
    $2,400,000

    15,589 SF Office Building, 8.16% Cap Rate

    Property size:
    15,589 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 15,589-square-foot traditional office building, located at 4605 Research Park Cir in Las Cruces, New Mexico, presents a compelling investment opportunity. Priced at $2,400,000, it boasts a strong 8.16% capitalization rate and a Net Operating Income (NOI) of $195,930. Situated on a 1.421-acre lot within New Mexico State University's 257-acre Arrowhead Research Park, the property benefits from high visibility and convenient access to Interstates 25 and 10. The building is currently occupied by two New Mexico State tenants under long-term leases, with the initial term expiring July 25, 2047, and three additional five-year renewal options. Favorable ground lease terms further enhance the investment potential. This location offers unique advantages, including proximity to NMSU resources and strategic partners, fostering opportunities for collaboration on grants and contracts. Tenants also benefit from access to the Arrowhead Technology Incubator and the National Security Technology Incubator, along with a state-of-the-art on-site telecommunication network. The price per square foot is $153.95. This property represents a rare chance to acquire a well-located, income-producing asset with significant long-term growth potential in a thriving research and development environment.

    Property Features for 4605 Research Park Cir

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,589 SF
    Lot Size
    61,899 SF

    HighLights

    • 15,589 SF traditional office building on a 1.42‑acre lot in Las Cruces, NM.
    • $2,400,000 asking price, 8.16% cap rate, $195,930 NOI.
    • Located in Arrowhead Research Park, near I‑25 & I‑10, with high visibility.
    • Two NMSU tenants under long‑term leases (initial term to 2047, plus options).
    • $153.95/SF price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spaceport America Corporate ... Aerospace Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7429852
    Latitude
    32.2704593

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    FAQs

    What type of property is this?
    Office Property / Space - 15,589 SF Office Building, 8.16% Cap Rate
    Where is this office property / space located?
    The property is located at 4605 Research Park Cir Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 15,589 SF traditional office building on a 1.42-acre lot in Las Cruces, NM.; $2,400,000 asking price, 8.16% cap rate, $195,930 NOI.; Located in Arrowhead Research Park, near I-25 & I-10, with high visibility.
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    4605 Research Park Cir Las Cruces, NM 88001
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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
    4605 Research Park Cir Las Cruces, NM 88001
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