1101 Golf Crse SE Rd, Rio Rancho, NM 87124-4731
- Office buildings
- 16,114 SF
- 0.90 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1101 Golf Crse SE Rd
- Year built
- 2010
- Lot size
- 0.90 lot acres
- Property type
- Office buildings
- APN
- 1-012-068-403-252
- APU
- 1012068403252
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 13, 2010 | — | Muruga LLC | — | Deed Of Trust · related | $1M · Enchantment Land Certified Dev |
| Jul 24, 2009 | — | Muruga LLC | — | Trustees Deed · related | $1.3M · Zions First National Bank |
| — | — | Muruga LLC | — | Deed Of Trust · related | $1.3M · Zions First National Bank |
| — | — | Muruga LLC | — | Deed Of Trust · related | $1.1M · Bank Of Las Vegas |
Description
This exceptional Class A medical office building, located at 1101 Golf Course Rd SE in Rio Rancho, New Mexico, presents a compelling investment or owner-user opportunity. The 15,689-square-foot, two-story building sits on a 0.9-acre lot and boasts six suites, four of which are currently leased, generating $154,800 in annual rental income. Built in 2010, the property features 48 parking spaces, a sizable monument sign, and attractive landscaping. The building is equipped with modern amenities including a three-phase power system, fire sprinklers, and an elevator, all built to medical-grade standards. Its prime location offers excellent visibility, situated less than a mile from the high-traffic intersection of Golf Course and Southern Roads (26,174 vehicles per day), with direct frontage on Golf Course Road (12,317 vehicles per day). The NC (Neighborhood Commercial) zoning allows for a variety of uses, including medical complexes, retail shops, and banks. The property offers a unique value-add opportunity through leasing the remaining vacant suite or owner-occupancy. The seller is open to owner financing with a $1,300,000 down payment. The property's APN is R041071. This is a rare opportunity to acquire a high-quality, income-producing medical office building in a desirable location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,780,000
Market price range: $1.01M - $2.76M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,895,000 Current use
- RESTAURANT
- $2,365,000 Change: +25% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.678
- Latitude
- 35.2388
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
