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    506 E May Ave Las Cruces, NM 88001

    For Lease
    $600,000

    COMMERCIAL - Las Cruces, NM

    Lot size:
    0.39 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 506 E May Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    4-007-135-371-223
    Lot size
    0.39 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Evaporative Cooling
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    6
    Flooring type
    Tile - Ceramic, Carpet
    Building materials
    Stucco
    Roof type
    Flat, Tar/Gravel

    Berkshire Hathaway HomeServices New Mexico Properties (575) 541-9221 [email protected]

    Listing agent Terriane M Everhart (575) 639-1138

    Listing date Nov 19, 2025

    Copyright © 2025 Multiple Listing & Information Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Las Cruces Mixed-Use Property

    This mixed-use property is located in downtown Las Cruces, New Mexico. The property features one 3-bedroom rental unit and five 1-bedroom, 1-bath apartments. It is situated steps from the heart of downtown Las Cruces, surrounded by restaurants, breweries, and boutiques, with year-round foot traffic. The property is in a revitalized corridor. The location offers potential for value-add improvements, short-term rental options, or re-imagined urban living spaces. The lot size is 0.39 acres. Purchase is subject to existing leases on all 6 units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.773731
    Latitude
    32.309587

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    FAQs

    What type of property is this?
    Apartment building - Remodeled mixed-use property in revitalized downtown Las Cruces.
    Where is this apartment building located?
    The property is located at 506 E May Ave Las Cruces, NM.
    What are key features of this property?
    This property features: - Prime downtown Las Cruces location with high foot traffic, near restaurants, breweries, and boutiques.; - Newly remodeled mixed-use property with strong income potential.; - Six rental units: one 3-bedroom and five 1-bedroom apartments.
    (575) 639-1138
    Request Owner's contact information
    506 E May Ave Las Cruces, NM 88001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 E May Ave Las Cruces, NM 88001
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