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123 N 1st St 2,500 SF Office Building Grants, NM 87020 $347,475 CAD ($138.99 CAD/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
Tenant pays all utilities, insurance, and basic maintenance for normal wear and tear. Landlord pays for major mechanical systems, electrical wiring, plumbing, roof, exterior walls and structural foundations.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$30,022
|
$10.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,022
|
$10.20
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,170
|
$1.42
|
| Net Operating Income |
$25,852
|
$8.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $30,022 |
| Annual Per SF | $10.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $30,022 |
| Annual Per SF | $10.20 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,170 |
| Annual Per SF | $1.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $25,852 |
| Annual Per SF | $8.78 |
Property Facts
Sale Type
Investment
Property Type
Building Size
2,500 SF
Building Class
C
Year Built
1970
Price
$347,475 CAD
Price Per SF
$138.99 CAD
Cap Rate
7.20%
NOI
$25,018 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.29
Lot Size
0.20 AC
Opportunity Zone
Yes
Parking
12 Spaces (4.8 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R16474 | Improvements Assessment | $65,947 CAD |
| Land Assessment | $4,934 CAD | Total Assessment | $70,881 CAD |
Property Taxes
Parcel Number
R16474
Land Assessment
$4,934 CAD
Improvements Assessment
$65,947 CAD
Total Assessment
$70,881 CAD
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123 N 1st St
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