779 Nm-181 ELEPHANT BTTE, NM 87935
This exceptional Elephant Butte, New Mexico commercial property offers a unique blend of office and shop space, ideal for a variety of businesses. The property boasts a total of 5,955 square feet, strategically divided to maximize functionality. A 1,080 square foot office building, constructed in 2016, features refrigerated air, 200 amp service, three individual office spaces, a full kitchen, and a bathroom. This modern office space provides a comfortable and efficient work environment. In addition to the office building, the property includes substantial shop space. A 3,150 square foot southeast-facing shop sits on a concrete slab and benefits from 220 amp service. A 1,225 square foot northeast-facing shop offers dry storage on a dirt floor. Finally, a smaller 500 square foot shop, located near the office building, provides additional storage with concrete flooring. The entire property is zoned for commercial use and is situated on a single story, across three buildings, at 779 NM-181, Elephant Butte, NM 87935. This versatile property presents a rare opportunity to acquire a well-equipped commercial space in a desirable location. The combination of modern office space and ample shop area makes this an attractive investment for entrepreneurs and businesses seeking a functional and expansive workspace.
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.