900 California St Socorro, NM 87801
This exceptional 3,462 square foot freestanding commercial building presents a lucrative investment opportunity in Socorro, New Mexico. Strategically located on a prominent corner of California Street, identified by the Highway Department as Socorro's busiest intersection, this property boasts high visibility and significant foot traffic. The building sits on a sizable 0.464-acre lot, offering ample space and potential for future expansion or development. Constructed fourteen years ago to meet the specific needs of a long-term tenant, the building is currently leased, generating a stable monthly income of $3,100. The property requires minimal management, making it an attractive option for passive investors. Recent improvements include the installation of two brand-new rooftop cooler units in May 2024, ensuring efficient climate control and reducing ongoing maintenance costs. This turnkey investment offers a compelling blend of location, income generation, and low-maintenance operation, making it an ideal addition to any commercial real estate portfolio. The property's strong lease history and prime location position it for continued success and potential appreciation. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a thriving New Mexico community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.