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12042 Nm-14 N 3,584 SF 100% Leased Office Building Cedar Crest, NM 87008 $800,000 ($223.21/SF) 8.55% Cap Rate
Investment Highlights
- Property has 3 structures
- New water storage tank in 2025
- New asphalt parking lot in 2025
Executive Summary
• Property has 3 structures
• New asphalt parking lot in 2025
• New water storage tank in 2025
• Office tenant been in space for over 28 years
• Great community
• Great zoning for retail, office & Industrial spaces
• On-site well
• New asphalt parking lot in 2025
• New water storage tank in 2025
• Office tenant been in space for over 28 years
• Great community
• Great zoning for retail, office & Industrial spaces
• On-site well
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,584 SF
Building Class
C
Year Built
1955
Price
$800,000
Price Per SF
$223.21
Cap Rate
8.55%
NOI
$68,368
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,792 SF
Slab To Slab
10’
Building FAR
0.07
Lot Size
1.23 AC
Parking
26 Spaces (7.25 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1-029-059-287238-4-01-30 | Improvements Assessment | $112,662 |
| Land Assessment | $36,773 | Total Assessment | $149,435 |
Property Taxes
Parcel Number
1-029-059-287238-4-01-30
Land Assessment
$36,773
Improvements Assessment
$112,662
Total Assessment
$149,435
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12042 Nm-14 N
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