2611 Main St Las Cruces, NM 88001-1139
This exceptional 3,333 square foot medical office building, located at 2611 N Main St in Las Cruces, New Mexico, presents a compelling investment opportunity. Currently 100% occupied by Memorial Medical Center, a major regional hospital under the LifePoint umbrella, a multi-billion dollar corporation, the lease is a Net-Net (NN) arrangement and expires June 1, 2029, offering a remaining term of 4.5 years. The building boasts a strong net operating income (NOI) of $62,827, translating to a desirable 7.25% capitalization rate and a price per square foot of $260. The asking price is $866,579.31. Situated on a 0.46-acre lot, this property enjoys a highly visible location across the street from both Three Crosses Regional Hospital (a 46-bed general acute care facility) and a significant new 75-acre mixed-use development, the largest infill project in Las Cruces history. This prime location ensures strong tenant demand and future appreciation potential. The property's current tenant and the surrounding development activity make this a stable and promising investment in a rapidly growing area. This is a single-tenant building.
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Fay A. LaFon, M.D. Pediatrician Physician
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Mai Oushy, MD, MPH Pediatrician Physician
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Antoinette Green, DNP Pediatrician Physician
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Memorial Family HealthCare North Main Medical Clinic
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Memorial Physician Practices Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GEN-COMMERCL · Las Cruces, NMLas Cruces. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.