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    288 N Armory Rd Las Cruces, NM 88007

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    For Sale
    $214,775

    1,700-acre industrial park near Las Cruces International Airport.

    Lot size:
    5.05 Acres

    Property Features for 288 N Armory Rd

    General Information

    Lot size
    5.05 Acres

    Source: Mesilla Valley Economic Development Alliance Agent Brian Garcia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Las Cruces Industrial Park Land

    The Las Cruces Innovation & Industrial Park (LCIIP) encompasses 1,700 acres immediately south of Las Cruces International Airport, located eight miles west of downtown Las Cruces on Interstate 10. The park is suitable for light industry, general manufacturing, and aviation- and technology-based industries. The City of Las Cruces has sold or leased 680 acres, with over 250 acres currently developed. The City of Las Cruces can consider providing land in the LCIIP in exchange for projects that create direct employment in the region under the city’s Local Economic Development Act (LEDA). The park features a dedicated aerospace business park adjacent to the Las Cruces International Airport and proximity to existing technological resources and companies. It is also minutes away from Santa Teresa International Port of Entry into Mexico. Parcels are available with fully developed infrastructure and fiber-optic access. LCIIP is located within Doña Ana County Foreign Trade Zone 197. The park is home to companies like Saputo Cheese, Alaska Structures, Cyracom International, and Artico.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Wholesale Shop Restaurant

    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
    -106.9352557
    Latitude
    32.2748114

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    FAQs

    What type of property is this?
    Industrial land - 1,700-acre industrial park near Las Cruces International Airport.
    Where is this industrial land located?
    The property is located at 288 N Armory Rd Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $214,775.
    What are key features of this property?
    This property features: - Potential for land acquisition via the City's Local Economic Development Act (LEDA) in exchange for job creation.; - Located within Doña Ana County Foreign Trade Zone 197.; - Parcels available with fully developed infrastructure and fiber-optic access.
    (575) 525-2852
    Request Owner's contact information
    288 N Armory Rd Las Cruces, NM 88007
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    Las Cruces, NM 88007
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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
    288 N Armory Rd Las Cruces, NM 88007
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