Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1229 Oregon Ave Alamogordo, NM 88310-5858
    Back to Search
    Property profile & analytics

    1229 Oregon Ave, Alamogordo, NM 88310-5858

    View on Map
    • Office buildings
    • 4,402 SF
    • 0.87 lot acres
    Off-Market
    Last Sale Jun 4, 2020
    Property ID
    US61-0424794
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Darnold Plumbing / Plumbing Service / Building Supply
    • Lane Plumbing Co Inc / Plumbing Service / General Contractor

    Property Details for 1229 Oregon Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Property type
    Office buildings
    APN
    01N4056094220045
    APU
    01N4056094220045

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 15, 2021 — Doporto Properties LLC — Deed · related $500k · First American Bank
    Jun 4, 2020 — Doporto Properties LLC Mark A Doporto Quit Claim Deed · related —
    Nov 3, 2017 — A Mark Dm2 Quit Claim Deed · related —
    Jan 24, 2014 — Dm2 Lc — Trustees Deed · related $150k · First American Bk
    — — Dm2 Lc — Deed Of Trust · related $60k · Alamo National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alamogordo
    County
    Otero
    State
    New Mexico
    Longitude
    -105.945
    Latitude
    32.9032
    CBSA code
    10460
    CBSA name
    ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,829
    $41,636
    $44,118
    $85,754
    -
    $124,909
    $132,354
    $257,263

    Comparable in this City

    • Value Estimation by Request
      4,488 SF

      1015 Oregon Ave

      OFFICE BUILDING
      1015 Oregon Ave, Alamogordo, NM 88310-5856
      View Details
    • Value Estimation by Request
      6,300 SF

      1000 Zuni Dr

      OFFICE BUILDING
      1000 Zuni Dr, Alamogordo, NM 88310-9043
      View Details
    • Value Estimation by Request
      2,000 SF

      1004 10th St

      OFFICE BUILDING
      1004 10th St, Alamogordo, NM 88310-6426
      View Details
    • Value Estimation by Request
      2,494 SF

      1106 10th St

      OFFICE BUILDING
      1106 10th St, Alamogordo, NM 88310-6414
      View Details
    • Value Estimation by Request
      360 SF

      301 1st St

      OFFICE BUILDING
      301 1st St, Alamogordo, NM 88310-6503
      View Details
    • Value Estimation by Request
      2,730 SF

      2501 Collins Ave

      OFFICE BUILDING
      2501 Collins Ave, Alamogordo, NM 88310-7401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,751 SF

      Adaptable Two-Story Commercial Building

      Versatile building suitable for office, education, medical, or service uses.
      901 N Florida Ave, Alamogordo, NM 88310
      View Details
    • $940,575
      7,751 SF

      Alamogordo Office Investment

      High-yield, single-tenant office building.
      901 Florida Ave, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      6,000 SF

      Versatile Commercial Building on Walker

      6000 sq ft commercial building on 1.13 acres.
      2109 S Walker Ave, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Commercial Building in Alamogordo

      Commercial building suitable for restaurant, office, or retail use.
      00 Lavelle Rd, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      3,612 SF

      Income-Producing Commercial Asset For Sale

      Stabilized commercial asset with long-term tenant in place.
      1640 N White Sands Blvd, Alamogordo, NM 88310
      View Details
    • $1,150,000

      Alamogordo Motel Investment

      28-Room Motel, Prime Location
      508 White Sands Blvd, Alamogordo, NM 88310
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Planet Fitness Anchored Retail Space

      Retail space in Planet Fitness anchored shopping center for rent.
      1807 E 10Th St, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Retail Center on Main Street

      Well-established retail center with excellent visibility and ample parking.
      1701 E 10Th St, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      9,156 SF

      Restaurant Space in High-Traffic Area

      Restaurant space available near hotels and national retailers.
      1010 S White Sands Blvd, Alamogordo, NM 88310
      View Details
    • Contact for pricing
      8,320 SF

      Alamogordo Commercial Property for Rent

      Commercial property available for rent in Alamogordo, New Mexico.
      1300 Highway 70 West, Alamogordo, NM 88310
      View Details
    • Contact for pricing

      Planet Fitness Anchored Retail Space

      Retail space in Planet Fitness anchored shopping center for lease.
      1030 Adams Ave, Alamogordo, NM 88310
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1229 Oregon Ave
    Alamogordo, NM 88310-5858
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1229 Oregon Ave, Alamogordo, NM, 88310
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!