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Property profile & analytics
OFF-MARKET Estimated value $1,985,000
Office buildings

1101 Golf Crse SE Rd Rio Rancho, NM 87124-4731

16,114 SF 0.9 ac lot Built 2010
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US61-1367692
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2010
Total area 16,114 SF
Lot 0.9 ac (39,204 SF)
APN 1-012-068-403-252
UPID US61-1367692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.99M
Owner & transaction history
Muruga LLC · 15 yrs held
Muruga LLC
since 2010
4 recorded transactions
2010
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.4M +24.8%
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