Commercial Real Estate Market in Alamogordo, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
63 active listings and 805 off-market properties in Alamogordo, NM. Commercial property asks $12/SF to buy and $9.51/SF/Yr to lease.
Market Trends
Alamogordo, NM spans 621.3 square miles in Otero County, New Mexico. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Alamogordo, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Alamogordo, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Alamogordo, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Alamogordo, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.7%
- Industrial 30.5%
- Commercial 15.8%
Largest Zones share of zoned land by district
Single Family Dwelling
Industrial
Business
Manufactured Housing
Light Industrial
Alamogordo, NM zones 13,872 acres across 11 districts. Commercial zoning covers 15.8% of zoned land, residential 53.7% and industrial 30.5%. The largest single district is Single Family Dwelling at 41.4%. For commercial buyers the practical constraint is that only 46.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Alamogordo, NM has 36,886 residents in 18,553 households. Density runs 59 people per square mile. Median household income here is $53,833 and median gross rent $877 a month.
36,886
Population
18,553
Households
2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
621.3 sq mi
ZIP Area
59
Density / Sq Mi
$53,833
Median Household Income
$35,443
Median Earnings
$877
Median Rent
$162,689
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Alamogordo?
Commercial property in Alamogordo, NM asks an average of $12 per square foot.
How much does it cost to lease commercial space in Alamogordo?
Asking lease rates in Alamogordo, NM average $9.51 per square foot per year.
What zoning applies to commercial property in Alamogordo?
Alamogordo, NM zones 13,872 acres across 11 districts, of which 15.8% is commercial and 30.5% industrial. The largest single district is Single Family Dwelling at 41.4% of zoned land. Residential zoning covers 53.7% and open space 0%.
Where does Realmo's Alamogordo market data come from?
Realmo compiles Alamogordo, NM figures from 57 active sale listings, 6 active lease listings, 805 tracked off-market properties, the current Alamogordo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 57 active for-sale and 6 active for-lease listings in Alamogordo, NM. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 13,872 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
