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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
2579 Scenic Dr Ste A Alamogordo, NM 88310-8736
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US61-0385302
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
METAL FRAME
Total area
7,250 SF
Lot
1.19 ac (51,880 SF)
APN
01N4057092090340
UPID
US61-0385302
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
Current use
Occupant on record · Public records
-
Andrew Lancaster, MD Physician
-
Shahid Mansoor, MD Physician Medical Clinic
-
Cari Lynn Parker Physician
-
North Scenic Physician Offices Medical Clinic
-
Vanhorn-Padill Dianne MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$525k
Owner & transaction history
Otero County Hospital Assn · 13 yrs held
Otero County Hospital Assn
since 2012
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$870,000
+40.2%
Auto repair, garage
$720,000
+16.7%
Retail stores
$665,000
+7.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alamogordo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alamogordo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$620,000
Current use
RESTAURANT
$870,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$72 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$283,999
Assessed 2023
Previous assessed
$275,727
+3.0% YoY
Assessed land
$26,110
Assessed improvement
$257,889
Land market value
$78,330
Improvement market value
$773,667
Total market value
$851,997
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
REFRIGERATOR
Stories
1
Total area
7,250 SF
Lot
1.19 ac (51,880 SF)
APN
01N4057092090340
UPID
US61-0385302
Jurisdiction
OTERO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$620,000
RESTAURANT
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$520,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Otero County Hospital Assn
Entity
Mailing address
2669 SCENIC DR, ALAMOGORDO, NM 88310-8700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2012
—
Otero County Hospital Assn
City Of Alamogordo
Quit Claim Deed
related
$71,245,000 · New Mexico Hospital Equipment
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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