1183 Diamond Dr 12,974 SF 100% Leased Retail Building Los Alamos, NM 87544 $3,950,000 ($304.46/SF) 6.05% Cap Rate

1183 Diamond Drive | Los Alamos, NM 87544
Investment Opportunity | Fully Leased Office & Retail Center
Russ NM, LLC is pleased to present 1183 Diamond Drive, a fully leased neighborhood office and retail strip center located in the highly supply-constrained market of Los Alamos, New Mexico.
The Property is strategically positioned along Diamond Drive, directly adjacent to the University of New Mexico Los Alamos campus and across the street from Los Alamos High School. The center benefits from excellent visibility, dual access points, abundant parking, and a strong mix of government and service-oriented tenants.
The Property is currently 100% occupied by four stabilized tenants providing durable cash flow and long-term occupancy. Approximately 69% of the gross leasable area is leased by government users, including the New Mexico Environment Department and Los Alamos County.
Investment Highlights
• 100% Leased Stabilized Asset
• Projected 2026 NOI: $238,779
• Asking Price: $3,950,000
• Cap Rate: 6.04%
• Approximately 12,974 SF on 1.098 Acres
• ~69% Government Tenancy
• Attractive Modern Storefronts with Extensive Natural Lighting
• Dual Access Points with Full Turning Access
• Abundant On-Site Parking
• Monument Signage Along Diamond Drive
• Convenient Indoor Walk-Up ATM
• Over $350,000 in Recent Capital Improvements
• Opportunity to Reset Rents to Market Levels Over Time
• Seller is Offering a 3% Commission to Qualified Buyer’s Brokers
Recent capital improvements completed between 2024 and 2025 include new stucco exterior systems, exterior paint, sidewalk improvements, RTU upgrades, and parking lot improvements, significantly reducing near-term capital expenditure needs.
The tenant mix includes:
• New Mexico Environment Department
• County of Los Alamos
• Gracie Barra Brazilian Jiu-Jitsu Academy
• Enterprise Bank & Trust ATM Lobby
Los Alamos is one of the most economically stable and affluent communities in the United States, driven by the long-term presence of Los Alamos National Laboratory. The market benefits from exceptionally high household incomes, strong educational attainment, and extremely limited developable land due to surrounding federal and reservation land holdings.
The area also experiences minimal vandalism and property-related crime compared to larger metropolitan markets, contributing to lower operating risk and maintenance costs.
Current in-place rents remain below comparable market rental levels, providing investors with a clear mark-to-market opportunity as leases roll over during the next three to five years.
This offering represents a rare opportunity to acquire a stabilized, low-risk investment property in one of the Southwest’s most supply-constrained and institutionally supported markets.
For additional information or to request the Offering Memorandum, contact:
Russell Ross
Managing Member
Russ NM, LLC
+1-719-641-7858
RussNMLLC@gmail.com