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    1215 El Paseo Rd Las Cruces, NM 88001

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    For Lease
    $10 SF/Yr ($4,166 /Mo)

    Retail center anchored by grocery store and junior co-tenants.

    Property size:
    5,000 SF
    Lot size:
    6.40 Acres

    Property Features for 1215 El Paseo Rd

    General Information

    Size
    5,000 SF
    Lot size
    6.40 Acres

    Source: NAI 1st Valley Realty Agent Stephanie Maddox

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

    Overview

    Retail Center with Grocery Anchor

    This retail center is anchored by a grocery store and includes junior co-tenants such as dd’s Discounts, Rent-A-Center, Dollar Tree, and Ross. The property is situated in a high-traffic area, offering excellent visibility. Nearby retailers include Arby’s, Circle K, Wendy’s, Walgreens, and Planet Fitness.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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

    Aluc, Solano Square

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.7718519
    Latitude
    32.2988417

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    FAQs

    What type of property is this?
    Shopping center - Retail center anchored by grocery store and junior co-tenants.
    Where is this shopping center located?
    The property is located at 1215 El Paseo Rd Las Cruces, NM.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Grocery anchored retail center; - High traffic location provides excellent visibility; - Junior co-tenants include dd’s Discounts, Rent-A-Center, Dollar Tree, and Ross
    (575) 639-3504
    Request Owner's contact information
    1215 El Paseo Rd 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
    1215 El Paseo Rd Las Cruces, NM 88001
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