2611 Main StLas Cruces, NM 88001

Property Details for 2611 Main St

Year built

1985

Construction

FRAME

Lot size

0.46 AC

Property size (Sq ft)

3,274 SF

Zone code

GEN-COMMERCL

Property type

Office properties

Property subtype

Other office properties

APN

4-007-133-159-327

APU

4007133159327

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $324,401

  6.5%

  $299,447

  7%

  $278,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $544,794

  Geo Method

  $544,794

• Alternative Use

  Use

  Valuation

  Residential

  $371,314

  Hospitality

  $340,122

  Educational

  $282,978

  Medical

  $292,710

  Retail

  $440,187

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.3357

Longitude

-106.78

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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