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123 N 1st St 2,500 SF Office Building Grants, NM 87020 $250,000 ($100/SF) 7.20% Cap Rate
Investment Highlights
- Currently income-producing with established tenant
- Vault and considerable storage.
- 5 private offices + large flexible common/work area
Executive Summary
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$21,600
|
$7.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$21,600
|
$7.34
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,000
|
$1.02
|
| Net Operating Income |
$18,600
|
$6.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $7.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $7.34 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.02 |
| Net Operating Income | |
|---|---|
| Annual | $18,600 |
| Annual Per SF | $6.32 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Allstate is a publicly held insurance company founded in 1931 as part of Sears, Roebuck and Co., and it later became an independent business. The company began with auto insurance and has since expanded into a broad protection platform that includes auto, home, renters, motorcycle, boat, landlord, condo, life, business, retirement and investment, roadside assistance, identity protection, and phone protection products. Allstate's current strategy centers on growing property-liability market share while broadening protection offerings, and the company operates reportable segments that include Allstate Protection, Run-off Property-Liability, Protection Services, and Corporate. The business also maintains insurance operations in Canada, giving the brand a presence beyond its core United States market.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Property Taxes
| Parcel Number | R16474 | Improvements Assessment | $47,447 |
| Land Assessment | $3,550 | Total Assessment | $50,997 |
Property Taxes
Contact the Sale Advisor
123 N 1st St