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    3917 Rd Los Alamos, NM 87544

    For Sale
    $920,000

    Prime Medical Office, High ROI

    Property size:
    3,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3,100 square foot medical office condominium presents a compelling investment opportunity in Los Alamos, New Mexico. Located within the Los Alamos Medical Center, the sole hospital in Los Alamos County and a major healthcare provider for Northern New Mexico, this single-unit, ground-floor building boasts 100% occupancy with a current gross lease in place. The property features a stabilized investment profile, with a 7.36% cap rate and a Net Operating Income (NOI) of $67,725. The asking price is $920,000, translating to $296.77 per square foot. The current lease is a single-tenant gross lease with three options, expiring April 29, 2024, and a remaining term of zero years. The property sits on a ground lease with approximately five years remaining, including a fifteen-year renewal option. Abundant free parking is available for both employees and visitors. The property's zoning is GC. High medical office demand in Los Alamos, with 90% occupancy rates in the area, further enhances this investment's potential. The strategic location adjacent to the award-winning Los Alamos Medical Center ensures strong tenant demand and long-term stability. This presents a rare opportunity to acquire a fully leased, high-performing medical office asset in a thriving healthcare market. Potential exists for additional investment opportunities in adjacent condos.

    Property Features for 3917 Rd

    General Information

    Property type
    Medical offices
    Square Feet
    3,100 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 3,100 SF medical office condo in Los Alamos, NM, located within Los Alamos Medical Center.
    • 100% occupied with a gross lease, offering a 7.36% cap rate and $67,725 NOI.
    • Asking price: $920,000 ($296.77/SF).
    • Ground‑floor unit with abundant free parking; GC zoning.
    • Ground lease with approximately five years remaining, plus a fifteen‑year renewal option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Los Alamos
    County
    Los Alamos
    State
    New Mexico
    Longitude
    -106.3195083
    Latitude
    35.8815922

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High ROI
    Where is this medical office located?
    The property is located at 3917 Rd Los Alamos, NM.
    What is the asking price?
    The asking price for this property is $920,000.
    What are key features of this property?
    This property features: 3,100 SF medical office condo in Los Alamos, NM, located within Los Alamos Medical Center.; 100% occupied with a gross lease, offering a 7.36% cap rate and $67,725 NOI.; Asking price: $920,000 ($296.77/SF).
    Request Owner's contact information
    3917 Rd Los Alamos, NM 87544
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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
    3917 Rd Los Alamos, NM 87544
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