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    3995 Pegasus Rd Las Cruces, NM

    For Sale
    $1,300,000

    Ideal location for various commercial concepts near Sonoma Ranch.

    Lot size:
    2.98 Acres

    Property Features for 3995 Pegasus Rd

    General Information

    Lot size
    2.98 Acres

    Source: Steinborn/TCN Commercial Real Estate Agent Kary Bulsterbaum

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

    Overview

    Commercial Land Near Walmart

    This property is located at the intersection of Rinconada and Sonoma Ranch Blvd, near the Rinconada Walmart. It is centrally located within the Sonoma Ranch and Morningstar Housing district, providing access to a demographic base. The lot is suitable for retail opportunities, neighborhood office space, storage facilities, and housing. Within a 5-minute radius, the area has a population with 51% holding a bachelor's degree or higher and a median household income exceeding $70,000. The location provides access to over 2300 employees and a daytime population of 8000. Approximately 21% of households have incomes between $100,000 and $150,000, with an average household income of $96,000. Homeownership is at 70%, with a population consisting mostly of couples with limited household sizes. The population is slightly older and approaching retirement, with 83% employed in white-collar jobs.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -106.7529514
    Latitude
    32.3001619

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    FAQs

    What type of property is this?
    Commercial land - Ideal location for various commercial concepts near Sonoma Ranch.
    Where is this commercial land located?
    The property is located at 3995 Pegasus Rd Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Anchored by a Smart Walmart, providing built-in customer traffic.; - Located at a significant intersection (Rinconada & Sonoma Ranch Blvd) offering **high visibility**.; - Central location within the affluent Sonoma Ranch and Morningstar housing district.
    (575) 639-1208
    Request Owner's contact information
    3995 Pegasus Rd Las Cruces, NM
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    Las Cruces, NM
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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
    3995 Pegasus Rd Las Cruces, NM
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