2600 American Rd Rio Rancho, NM 87048
The Summit Building, a Class B office property located at 2600 American Rd SE in Corrales, New Mexico, presents a compelling investment opportunity. This three-story building, constructed in 1997, offers 28,624 to 29,019 square feet of executive office space, priced at $199.87 per square foot. The asking price for the entire property is $5,800,000. Situated on a 1.61-acre lot zoned A-1, the building features ample parking with a ratio of 4.5 spaces per 1,000 square feet. The property consists of one building and currently operates as a multi-tenant occupancy. The total land area encompasses 70,132 square feet. While rail service is not available, the building's strategic location in Rio Rancho, New Mexico, 87048, offers excellent access to major transportation routes and amenities. This property is ideal for investors seeking a well-maintained, established office building in a growing market. The building's size and configuration provide flexibility for a variety of uses within the permitted zoning. Detailed financial information and property reports are available upon request.
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
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Property description
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Risks
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