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    779 Nm 181 Elephant Butte, NM 87935

    New
    For Lease
    $3,500 /Mo ($0.96 SF/Yr)

    COMMERCIAL - Elephant Butte, NM

    Lot size:
    1.00 Acre
    Days on Market:
    5
    Last Refresh:
    Dec 13 at 2:06 am

    Property Features for 779 Nm 181

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    3021075254404
    Parking
    20
    Fencing
    Fenced
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)
    Water source
    Well

    Building Details

    Floors in Building
    1
    Building materials
    MetalFrame

    exp realty, llc (505) 328-4892 [email protected]

    Listing agent Selling The Sandias (505) 271-8200

    Listing date Dec 9, 2025

    Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elephant Butte Commercial Property Rental

    This commercial property in Elephant Butte, New Mexico, offers approximately 5,906 square feet across four buildings on a one-acre lot. The property is fenced and includes a well that is 167 feet deep and a septic system installed to code in 2017 but not permitted. The office space features porcelain tile flooring throughout, a full kitchen, an ADA-compliant bathroom with plumbing for a shower, two private offices, a conference room, washer and dryer hookups, and canister lighting. The shop area has an 8-foot clear height on both sides and a 9'9'' clear height in the center, making it suitable for automotive, woodworking, hobbies, or construction trades. Additional structures include a 1,225 square foot shed with an 11-foot center height and electrical wiring, and a 500 square foot shed divided into two sections. Power is supplied by Sierra Electric at approximately $200 per month. A 500-gallon propane tank, when full, lasts approximately one year at a cost of $1,600.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Elephant Butte
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.239419
    Latitude
    33.175412

    FAQs

    What type of property is this?
    Flex space - Versatile commercial property in Elephant Butte, suitable for various businesses.
    Where is this flex space located?
    The property is located at 779 Nm 181 Elephant Butte, NM.
    What is the lease rate?
    The lease rate is $0.96 SF/Yr.
    What are key features of this property?
    This property features: - Large +/-5,906 SF property with 4 buildings suitable for various uses.; - One acre fenced lot with well and septic system.; - Versatile shop space ideal for automotive, woodworking, or construction trades.
    (505) 271-8200
    Request Owner's contact information
    779 Nm 181 Elephant Butte, NM 87935
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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
    779 Nm 181 Elephant Butte, NM 87935
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