Property summary
This exceptional 10,445-square-foot office building, situated on a spacious 5.56-acre lot in Carlsbad, New Mexico, presents a compelling investment or owner-user opportunity. Originally constructed as a build-to-suit for the U.S. General Services Administration Border Patrol, the property boasts a Class B designation and features a blend of creative and traditional office spaces. The single-tenant building, built in 2004 with a lease expiring July 31, 2024, is constructed of durable Concrete Masonry Unit and Stucco. The asking price is $2,450,000, translating to $234.56 per square foot. The property includes a large, paved, fenced, and gated parking lot, offering significant potential for expansion or further development. The expansive lot provides ample space for future growth. This unique property offers multi-tenant suite options ranging from 250 to 10,455 square feet, making it suitable for a variety of uses. The property's location at 5203 Buena Vista Drive, Carlsbad, NM 88220, offers convenient access to key amenities and infrastructure. The Eddy County location provides a strategic advantage for businesses operating in the region. This is a rare opportunity to acquire a substantial commercial property with significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Sustainability Organization
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Park
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State Government Office
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Federal Government Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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