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    2240 E Lohman Ave Las Cruces, NM 88001

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    For Sale
    $2,812,823

    Fully occupied retail center with diverse tenant mix.

    Property size:
    9,020 SF
    Lot size:
    1.58 Acres

    Property Features for 2240 E Lohman Ave

    General Information

    Size
    9,020 SF
    Lot size
    1.58 Acres

    Source: NAI 1st Valley Realty Agent Jake Redfearn

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

    Overview

    Retail Shopping Center For Sale

    This multi-tenant retail shopping center is 100% occupied by four tenants with staggered lease expiration dates. Current tenants include Top Crop Cannabis Co., Batteries Plus, Elegant Nails, and Sally Beauty. The property benefits from excellent visibility on E Lohman Ave, which sees a daily traffic volume of 13,790 vehicles. The property contains 9,020 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sally Beauty Beauty Supply Store We Fix It ... Mobile Phone Repair Shop Used Truck-Car Process ... Corporate Office Batteries Plus Car Battery Store Top Crop Cannabis ... Cannabis Store

    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.

    Similar Places Nearby

    AAFES EXCHANGE, Solar Smart Living LLC, La Plaza, Arroyo Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.7524295
    Latitude
    32.3123202

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center with diverse tenant mix.
    Where is this shopping center located?
    The property is located at 2240 E Lohman Ave Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $2,812,823.
    What are key features of this property?
    This property features: - 100% occupied multi-tenant retail shopping center.; - Excellent visibility from E Lohman Ave - 13,790 VPD.; - Property is occupied by four tenants with lattering expiration dates.
    (575) 635-5895
    Request Owner's contact information
    2240 E Lohman Ave Las Cruces, NM 88001
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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
    2240 E Lohman Ave Las Cruces, NM 88001
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