Las Cruces Retail
For Sale
Contact for pricing
1100 N Main St, Las Cruces, NM 88001
Retail property in a high-traffic Las Cruces location.
Property Size6,566 SF
Price / SF$190.37
Days on Market603
Property Features for 1100 N Main St
General Information
Standard status
Active
Size
6,566 SF
Property subtype
Retail
Listing Agency:
NAI 1st Valley
(575) 521-1535
Listed By:
Jessie Carreon · License #NM 53098
Source:
Crexi
Added: Dec 4, 2024
Changed: Jul 6
Last Checked: Jul 29 at 5:00PM
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.
Located in Las Cruces, the property at 1100 S Main Street offers a central location with accessibility. Situated on a commercial corridor, the property is surrounded by retail shops, dining establishments, and local businesses. The location provides connectivity to major highways and public amenities. The building has two tenants and is located on N Main St, a high visibility street with a traffic volume of 14,527 vehicles per day. The property has easy access to HWY 70 and is zoned C-2. The property size is 6,566 square feet.
Key Highlights
- Prime location in the heart of Las Cruces on N Main St with 14,527 VPD.
- Excellent accessibility and strong connectivity to major highways and public amenities.
- Located on a bustling commercial corridor surrounded by retail shops, dining establishments, and local businesses.
Financial Insights For Retail
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 | $82.7k | $12.60 |
| − Vacancy | −$6.6k | −$1.01 |
| EGI | $76.1k | $11.59 |
| − OpEx | −$22.8k | −$3.48 |
| NOI | $53.3k | $8.11 |
6,566 SF · lease $12.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$761.1K
$666.0K – $888.0K
NOI $53,279 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,431 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 88001, NM
36,831
Population
16,985
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
83%
High-School Grad
11.1 sq mi
ZIP Area
3,318
Density / Sq Mi
$32,978
Median Household Income
$23,195
Median Earnings
$797
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property in a high-traffic Las Cruces location.
Where is this retail space located?
The property is located at 1100 N Main St Las Cruces, NM.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location in the heart of Las Cruces on N Main St with 14,527 VPD.; Excellent accessibility and strong connectivity to major highways and public amenities.; Located on a bustling commercial corridor surrounded by retail shops, dining establishments, and local businesses.
