Freestanding Retail and Flex
101 East Union Avenue Las Cruces, NM 88001
New
For Sale
Contact for pricing
Single-tenant freestanding retail and flex building suited for retail, office, or industrial use.
Property Size12,000 SF
Lot Size2.20 Acres
Price / SF$300
Days on Market5
Property Features for 101 East Union Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 2.20 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing Agency:
NAI 1st Valley
(575) 521-1535
Listed By:
Jake Redfearn · License #NM 46738
Source:
Crexi
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 2:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI 1st Valley
Investment Insights
Based on property information with market context.
101 Union is a ±12,000 SF freestanding retail and flex building on a ±2.20-acre lot. The property is positioned for single-tenant occupancy and is offered as a versatile space that can support retail, office, or industrial use.
The building sits at a signalized intersection with proximity to Interstate 10 and New Mexico State University, supporting convenient access for day-to-day operations.
As a freestanding asset with flexible space, 101 Union provides an adaptable footprint for users seeking their own dedicated location at 101 East Union Avenue.
The building sits at a signalized intersection with proximity to Interstate 10 and New Mexico State University, supporting convenient access for day-to-day operations.
As a freestanding asset with flexible space, 101 Union provides an adaptable footprint for users seeking their own dedicated location at 101 East Union Avenue.
Key Highlights
- 12,000 SF freestanding retail and flex building
- Single‑tenant property on a 2.20‑acre lot
- Located at a signalized intersection in Las Cruces, NM
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.6k | $13.80 |
| − Vacancy | −$24.0k | −$2.00 |
| EGI | $141.6k | $11.80 |
| − OpEx | −$35.4k | −$2.95 |
| NOI | $106.2k | $8.85 |
12,000 SF · lease $13.80/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,191 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,995 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Whiskey Dicks Las ...
Nightclub
Similar Off Market Nearby
- Fig and Brie Las Cruces — 901 E University Ave Bldg 985, Ste B, Las Cruces, NM 88001
- Mi Ranchito restaurante — 204 W Conway Ave, Las Cruces, NM 88005
FAQs
What type of property is this?
Flex space - Single-tenant freestanding retail and flex building suited for retail, office, or industrial use.
Where is this flex space located?
The property is located at 101 East Union Avenue Las Cruces, NM.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 12,000 SF freestanding retail and flex building; Single‑tenant property on a 2.20‑acre lot; Located at a signalized intersection in Las Cruces, NM
