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Property profile & analytics
OFF-MARKET
Office Spaces

2611 Main St Las Cruces, NM 88001-1139

3,274 SF 0.46 ac lot Built 1985
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US61-0244331
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1985
Construction FRAME
Total area 3,274 SF
Lot 0.46 ac (20,038 SF)
Zoning code GEN-COMMERCL
APN 4-007-133-159-327
UPID US61-0244331
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
  • Fay A. LaFon, M.D. Pediatrician Physician
  • Mai Oushy, MD, MPH Pediatrician Physician
  • Antoinette Green, DNP Pediatrician Physician
  • Memorial Family HealthCare North Main Medical Clinic
  • Memorial Physician Practices Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Plaza San Marcos LLC · 1 yrs held
Plaza San Marcos LLC
since 2024
4 recorded transactions
2024
Price N/A
2019
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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