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    1655 Valley Dr Las Cruces, NM 88005

    For Sale
    $2,421,000

    NNN Leased Auto Shop, Strong ROI

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 1,430 square foot Take 5 Oil Change in Las Cruces, New Mexico. The property boasts a new 15-year absolute NNN lease with a franchisee tenant, featuring six 5-year renewal options. Rent increases by 10% every five years, ensuring consistent NOI growth and inflation protection. The property, built in 2023, sits on a 0.39-acre lot with seven parking spaces and is zoned C-1: Commercial Low Intensity. The strong location at 1655 S Valley Dr, Las Cruces, NM 88005, benefits from high visibility near Interstate 10 and State Highway 28, averaging over 50,100 vehicles daily. Its proximity to a Walmart Supercenter, Mesilla Valley Mall, and New Mexico State University provides exceptional access to a substantial consumer base. The 5-mile trade area boasts over 104,900 residents and 59,000 employees, with an average household income of $73,701. The property's current NOI is $145,250, resulting in a 6.00% cap rate and an asking price of $2,421,000. This is a truly passive investment opportunity with zero landlord responsibilities, offering significant long-term returns. The property's APN is 4-007-136-092-399.

    Property Features for 1655 Valley Dr

    General Information

    Property type
    Automotive properties
    Lot Size
    16,988 SF

    Building Details

    Year Built
    2023

    HighLights

    • $2,421,000 asking price for a fee‑simple interest (land & building) in a Take 5 Oil Change.
    • Absolute NNN net lease with a 15‑year term and six 5‑year renewal options.
    • Franchisee tenant with a 10% rent increase every 5 years.
    • 6.00% cap rate and $145,250 NOI.
    • 1,430 square foot building on a 0.39‑acre lot with 7 parking spaces, built in 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Take 5 Oil ... Oil Change Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7828636
    Latitude
    32.290427

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    FAQs

    What type of property is this?
    Automotive property - NNN Leased Auto Shop, Strong ROI
    Where is this automotive property located?
    The property is located at 1655 Valley Dr Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $2,421,000.
    What are key features of this property?
    This property features: $2,421,000 asking price for a fee-simple interest (land & building) in a Take 5 Oil Change.; Absolute NNN net lease with a 15-year term and six 5-year renewal options.; Franchisee tenant with a 10% rent increase every 5 years.
    Request Owner's contact information
    1655 Valley Dr Las Cruces, NM 88005
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    Las Cruces, NM 88005
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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
    1655 Valley Dr Las Cruces, NM 88005
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