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Property profile

1535 Sumner Ave Fort Sumner, NM 88119

OFF-MARKET
Office Spaces
Property ID
US61-1019191
2,674 SF 0.39 ac lot Built 2016
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,674 square foot, single-tenant office building located at 1535 Sumner Ave, Fort Sumner, New Mexico, 88119. The property, situated on a 0.39-acre lot (APN 115301502208600), boasts a prime location at the southeast corner of Highway 60 and 17th Street. Built in 2016 and extensively renovated in 2023, this well-maintained building offers a strong 9.00% cap rate and a substantial net operating income (NOI) of $68,124. The asking price is $756,938, translating to $283.07 per square foot. Currently 100% occupied by the USDA under a lease extending through 2033, this property provides exceptional stability and predictable cash flow. The building is a one-story structure with C-1 zoning, making it suitable for a variety of uses. Its location on a major arterial road ensures high visibility and accessibility. Further enhancing its value, the property is HUB Zone certified. This is a rare chance to acquire a secure, high-return investment in a stable, single-tenant office building with a long-term lease in place. The property's recent renovations ensure modern amenities and functionality, minimizing future capital expenditures. This investment offers a compelling combination of strong income, secure tenancy, and a desirable location.

Property profile

Verified
Property type Office Spaces
Year built 2016
Total area 2,674 SF
Lot 0.39 ac (16,988 SF)
UPID US61-1019191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1535 Sumner Ave Fort Sumner, NM 88119
Fort Sumner metro
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Value estimations

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Owner & transaction history

Comparables

5 recent transactions · within 1.5 mi
Comparable in this city
5 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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