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Grande Blvd Investment 3 Office Condos Offered at $1,285,000 in Rio Rancho, NM
INVESTMENT HIGHLIGHTS
- Fully leased portfolio with long-term tenants in place
- Surrounded by high-income neighborhoods and expanding medical infrastructure
- Strong demographics with average household income over $110K
- Located in Rio Rancho, New Mexico’s fastest-growing city
- Positioned near major roads with easy access to Albuquerque
- Zoned SU with stable operating income and 5.66% CAP rate
EXECUTIVE SUMMARY
This rare opportunity features three fully leased professional office condominiums located in the thriving Rio Rancho submarket, one of New Mexico’s fastest-growing cities. Positioned along Grande Blvd. SE, the properties benefit from strong visibility and proximity to major thoroughfares including NM-528 and Southern Blvd., offering seamless access to Albuquerque and Santa Fe.
The portfolio includes Suite 106 (±1,831 SF), Suite B (±1,795 SF), and Suite D (±1,701 SF), totaling ±5,327 SF. Each suite is occupied by stable, long-term tenants with staggered lease expirations extending through 2030. Tenants include Epiphany Dermatology, Lovato Law, and Verdes Cannabis, providing a diversified income stream backed by strong credit profiles.
Rio Rancho’s business-friendly environment, low crime rates, and expanding infrastructure—including Intel’s $3.5B investment and Presbyterian Rust Medical Center’s planned 1.2M SF expansion—make this an ideal location for sustained growth. The area’s high household incomes (average $113K within 3 miles), retail leakage into Albuquerque, and over 1,000 new homes in development further enhance the investment appeal.
This offering presents a turnkey, income-producing asset with minimal management requirements and upside potential in a high-demand trade area. Preference is to sell all three suites together.
The portfolio includes Suite 106 (±1,831 SF), Suite B (±1,795 SF), and Suite D (±1,701 SF), totaling ±5,327 SF. Each suite is occupied by stable, long-term tenants with staggered lease expirations extending through 2030. Tenants include Epiphany Dermatology, Lovato Law, and Verdes Cannabis, providing a diversified income stream backed by strong credit profiles.
Rio Rancho’s business-friendly environment, low crime rates, and expanding infrastructure—including Intel’s $3.5B investment and Presbyterian Rust Medical Center’s planned 1.2M SF expansion—make this an ideal location for sustained growth. The area’s high household incomes (average $113K within 3 miles), retail leakage into Albuquerque, and over 1,000 new homes in development further enhance the investment appeal.
This offering presents a turnkey, income-producing asset with minimal management requirements and upside potential in a high-demand trade area. Preference is to sell all three suites together.
PROPERTY FACTS
| Price | $1,285,000 | Status | Active |
| Price / SF | $241.22 / SF | Number of Properties | 3 |
| Cap Rate | 5.66% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,327 SF |
| Price | $1,285,000 |
| Price / SF | $241.22 / SF |
| Cap Rate | 5.66% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 5,327 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Rio Rancho Executive Plaza
2240 Grande SE, 1st Floor - Unit 106, Rio Rancho, NM 87124 |
Office Condo | 1,831 SF | 2008 | - |
|
Bldg 5
2320 Grande Blvd SE, 1st Floor - Unit B, Rio Rancho, NM 87124 |
Office Condo | 1,795 SF | 2006 | - |
|
Bldg 5
2320 Grande Blvd SE, 1st Floor - Unit D, Rio Rancho, NM 87124 |
Office Condo | 1,701 SF | 2006 | - |
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