402 Rock Cyn Rd Elephant Butte, NM 87935
This exceptional Elephant Butte commercial property, located at 402 Rock Canyon Road, presents a unique investment opportunity. The property encompasses a total of 9,182 square feet, distributed across two single-story buildings constructed in 1984, situated on a 0.8-acre lot. The property features a blend of office and warehouse space, ideal for a variety of businesses. The main building boasts a sizable office area, upstairs storage, a dedicated supply room, vehicle bays, and a smaller attached office with its own bathroom and exterior access. Adding to its functionality are covered storage units and covered carport spaces located behind the main structure. The warehouse component includes five dock-high doors, facilitating efficient loading and unloading. The net rentable area is 2,500 square feet, with an asking price of $500,000, translating to a price per square foot of $54.45. The property's prominent location on Rock Canyon Road ensures high visibility and easy accessibility, further enhanced by two wide gates allowing for convenient pull-through access. The property's APN is 3020073409482. This versatile property offers a compelling combination of office and warehouse space, making it an attractive option for businesses seeking a functional and strategically located base of operations in Elephant Butte, New Mexico, zip code 87935.
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
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.