150 Roadrunner Pkwy Las Cruces, NM 88011
- Office Properties & Spaces
- 15,789 SF
- 2.23 lot acres
Current Use by Public Records
- Robert Schwartz, MD / Orthopedic Surgeon / Doctor
- Memorial Bone + Joint Center / Medical Clinic
- Omar Jan, PA-C, CAQ-OS / Orthopedic Surgeon / Physician Assistant
- Eric Sandoval, MD / Doctor / Surgeon
- Fernando Ravessoud, MD / Orthopedic Surgeon / Doctor
Property Details for 150 Roadrunner Pkwy
- Year built
- 2002
- Construction
- FRAME
- Lot size
- 2.23 lot acres
- Property size
- 15,789 SF
- Zone code
- HVY-MANUFACT
- Property type
- Office Properties & Spaces
- APN
- 4-010-134-020-204
- APU
- 4010134020204
Description
This exceptional 15,789 square foot medical office building, located at 150 Roadrunner Pkwy in Las Cruces, New Mexico, presents a compelling investment opportunity. Priced at $4,250,000, the property boasts a strong 7.55% capitalization rate and a net operating income (NOI) of $321,032. The single-tenant, modified lease structure provides stability and predictable cash flow. The building features a single story design constructed of structural steel and stucco, situated on a 2.23-acre lot providing ample parking to accommodate the medical practice's needs. Its prime location offers excellent visibility and accessibility, less than half a mile from the Mountain View Medical Campus and 2.9 miles from Memorial Medical Campus. The high traffic count of 7,583 vehicles per day further enhances its desirability. This turnkey medical office building is ready for immediate occupancy and presents a rare opportunity to acquire a high-performing asset in a growing market. The property's current configuration is ideal for a medical practice, offering a well-established foundation for continued success. The price per square foot is $269.17. The property is located in Doña Ana County, New Mexico, zip code 88011.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $685,000
- 6.5%
- $660,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $585,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $590,000
- Retail
- $615,000
- Mixed-Use
- $595,000
- Hospitality
- $620,000
- Educational
- $580,000
- Residential Income
- $610,000
- Energy
- $675,000
- Income-Based Land
- $605,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.734
- Latitude
- 32.3241
- CBSA code
- 29740
- CBSA name
- LAS CRUCES, NM METROPOLITAN STATISTICAL AREA
