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    150 Roadrunner Pkwy Las Cruces, NM 88011

    Sponsored
    For Sale
    $4,250,000

    High-Cap Rate Medical Office in Las Cruces, NM

    Property size:
    15,789 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,789 square foot medical office building, located at 150 Roadrunner Pkwy in Las Cruces, New Mexico, presents a compelling investment opportunity. Priced at $4,250,000, the property boasts a strong 7.55% capitalization rate and a net operating income (NOI) of $321,032. The single-tenant, modified lease structure provides stability and predictable cash flow. The building features a single story design constructed of structural steel and stucco, situated on a 2.23-acre lot providing ample parking to accommodate the medical practice's needs. Its prime location offers excellent visibility and accessibility, less than half a mile from the Mountain View Medical Campus and 2.9 miles from Memorial Medical Campus. The high traffic count of 7,583 vehicles per day further enhances its desirability. This turnkey medical office building is ready for immediate occupancy and presents a rare opportunity to acquire a high-performing asset in a growing market. The property's current configuration is ideal for a medical practice, offering a well-established foundation for continued success. The price per square foot is $269.17. The property is located in Doña Ana County, New Mexico, zip code 88011.

    Property Features for 150 Roadrunner Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    15,789 SF
    Lot Size
    97,139 SF

    Building Details

    Stories
    1

    HighLights

    • 15,789 SF medical office building in Las Cruces, NM, priced at $4,250,000.
    • 7.55% capitalization rate and $321,032 NOI.
    • Single‑tenant, modified lease provides stable cash flow.
    • Single‑story, steel and stucco construction on a 2.23‑acre lot with ample parking.
    • Excellent visibility and accessibility near major medical campuses (less than 0.5 miles from Mountain View, 2.9 miles from Memorial).
    • High daily traffic count (7,583 vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert Schwartz, MD Orthopedic Surgeon Memorial Bone + Joint ... Medical Clinic Omar Jan, PA-C, ... Physician Assistant Eric Sandoval, MD Surgeon Fernando Ravessoud, MD Orthopedic Surgeon

    Suggested Use

    Law Firm Restaurant Realty agency 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
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7336459
    Latitude
    32.3242538

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    FAQs

    What type of property is this?
    Medical office - High-Cap Rate Medical Office in Las Cruces, NM
    Where is this medical office located?
    The property is located at 150 Roadrunner Pkwy Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 15,789 SF medical office building in Las Cruces, NM, priced at $4,250,000.; 7.55% capitalization rate and $321,032 NOI.; Single-tenant, modified lease provides stable cash flow.
    Request Owner's contact information
    150 Roadrunner Pkwy Las Cruces, NM 88011
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    Las Cruces, NM 88011
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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
    150 Roadrunner Pkwy Las Cruces, NM 88011
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