1183 Diamond Dr - Freestanding FOR SALE


Los Alamos, NM 87544
$3,950,000 USD
719-641-7858
1183 Diamond Dr, Los Alamos, NM for Sale
$3,950,000 USD
Freestanding - FOR SALE
1/5
null | 6.05% Cap Rate

1183 Diamond Dr
Los Alamos, NM 87544


OVERVIEW

Russ NM, LLC is pleased to present 1183 Diamond Drive, a fully leased office and retail 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 directly across from Los Alamos High School. The center benefits from excellent visibility, dual access points, abundant on-site parking, and a strong mix of government and service-oriented tenants. The Property is 100% leased to four long-term tenants providing stable cash flow and durable occupancy. Approximately 69% of the gross leasable area is occupied by State and County government agencies, creating an exceptionally stable income stream. Investment Highlights • 100% Leased Stabilized Asset • Projected 2026 Net Operating Income: $238,779 • Asking Price: $3,950,000 • Cap Rate: 6.04% • Approximately 12,974 SF situated on 1.098 acres • Approximately 69% Government Tenancy • Exceptional Barrier to Entry – Commercial development opportunities in Los Alamos are extremely limited due to surrounding federal land and Pueblo lands, creating a highly supply-constrained investment market. • 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 $440,000 Invested in Recent Capital Improvements • Embedded Rental Upside as Existing Leases Roll to Market Rates Ownership has invested more than $440,000 in capital improvements over the past three years, including new stucco and exterior paint, replacement of all rooftop HVAC units, new sidewalks, and parking lot improvements, significantly reducing near-term capital expenditure requirements. 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 Los Alamos National Laboratory, one of the nation's premier federal research institutions and the region's primary economic engine. The market benefits from exceptionally high household incomes, outstanding educational attainment, and extremely limited developable land due to surrounding federal and Pueblo land holdings. The community also experiences exceptionally low property-related crime and vandalism compared to larger metropolitan markets, contributing to lower operating risk and reduced maintenance costs for property owners. Current in-place rents average approximately $18 per square foot, compared to approximately $25 per square foot for comparable Los Alamos office and retail space, providing investors with meaningful embedded rental upside as leases renew over 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 economically resilient markets. Seller is offering a 3% commission to qualified cooperating buyer's brokers. For additional information or to request the Offering Memorandum, contact: Russell Ross Managing Member Russ NM, LLC +1-719-641-7858 RussNMLLC@gmail.com

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial

APN/PARCEL ID

R007208

ASK ABOUT THIS PROPERTY

Russell RossRuss NM LLCMore Info
719-641-7858

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Russell RossRuss NM LLCMore Info
719-641-7858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.