901 Florida AveAlamogordo, NM 88310

Property Details for 901 Florida Ave

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.52 AC

Property size (Sq ft)

7,751 SF

Property type

Office buildings

APN

01N4055094294203

APU

01N4055094294203

Description

This Alamogordo, NM office building presents a compelling investment opportunity. Located at 901 N Florida Ave, this 7,751 square foot Class B building sits on a 0.492-acre lot and is currently 100% occupied by TDS Telecom under a triple-net (NNN) lease with a corporate guarantee. The asking price is $940,575, representing a price per square foot of $121.35 and an 8.00% capitalization rate. The property boasts a strong net operating income (NOI) of $75,246, further enhanced by a built-in 5% annual rental increase. The long-term tenant, TDS Telecom, has occupied the premises for over 15 years and recently renewed their lease for an additional 5 years, providing exceptional stability and predictable cash flow. This standalone office building offers a secure investment with significant upside potential in a desirable location. The property's well-below-replacement cost further strengthens its investment appeal. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $1,140,077

  6.5%

  $1,052,379

  7%

  $977,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $683,645

  Geo Method

  $1,289,766

• Alternative Use

  Use

  Valuation

  Residential

  $1,304,950

  Hospitality

  $1,195,327

  Educational

  $994,498

  Medical

  $1,028,701

  Retail

  $1,546,997

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.8991

Longitude

-105.953

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].