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Property profile & analytics
OFF-MARKET
Commercial real estate

611 Canal St Carlsbad, NM 88220

Property ID
US61-0397753
Property summary
AI-generated overview

This exceptional commercial property at 611 N Canal Street in Carlsbad, New Mexico, offers a unique blend of office space and expansive land. The single-tenant building boasts 5,100 square feet of well-appointed interior, ideal for a variety of businesses. The layout includes a welcoming reception area, ten private offices providing ample individual workspaces, two large conference rooms perfect for meetings and presentations, three restrooms for convenience, and a functional kitchen area. High visibility from North Canal Street is ensured, enhanced by the availability of a monument sign. Parking is exceptionally generous, encompassing two lots, each measuring 50 feet by 150 feet, providing abundant space for employees and clients. The property sits on a substantial 28,000 square foot lot (APN: 4157127251063), offering significant potential for future expansion or development. The monthly rent is $6,000. Tenant responsibilities include pro-rated property taxes, phone/internet, electricity, and liability insurance (naming the landlord as an additional insured). Landlord covers city water/sewer/garbage and building property insurance. This centrally located property presents a compelling opportunity for businesses seeking a prominent and functional space in Carlsbad.

Property profile
Verified
Property type Commercial real estate
UPID US61-0397753
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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