Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3395 Rinconada Blvd Las Cruces, NM 88012

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7.5 acre commercial land parcel in Wal-Mart anchored development.

    Lot size:
    0.88 Acres

    Property Features for 3395 Rinconada Blvd

    General Information

    Lot size
    0.88 Acres

    We can help!

    Listing Contact
    Jake Redfearn
    Jake Redfearn
    Source: Moodyscre

    Listing Agency: NAI 1st Valley Realty Listing Agent: Jake Redfearn

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

    Learn more

    Overview

    Highway 70 Development Land

    This 7.5 ± acre parcel is part of a Wal-Mart anchored development located along Highway 70 in Las Cruces, NM. The property presents an opportunity to acquire a larger tract for development in this trade area. It is located in the fastest growing retail and residential trade area in Las Cruces. The property is in close proximity to major retailers such as Wal-Mart Super Center, Walgreen’s, Verizon, Mister Car Wash, Dutch Bros, Taco Bell, Panda Express and more. It features excellent visibility from Highway 70 with access points planned along Rinconada and Northrise.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    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
    -106.7491379
    Latitude
    32.3631781

    Nearby Similar for Lease

    • $3,000 /Mo
      1,742 SF

      Las Cruces Quick-Lube Facility

      2-bay quick-lube facility for lease in Las Cruces.
      2001 S Valley Dr, Las Cruces, NM 88005
      View Details
    • $900 /Mo
      10,890 SF

      Las Cruces Commercial Flex Space

      Flex space with storage in secure, gated Las Cruces location.
      1430 E Thorpe Rd, Las Cruces, NM 88012
      View Details
    • $600,000
      16,988 SF

      Downtown Las Cruces Mixed-Use Property

      Remodeled mixed-use property in revitalized downtown Las Cruces.
      506 E May Ave, Las Cruces, NM 88001
      View Details
    • $1,350 /Mo
      16,117 SF

      Las Cruces Retail/Office Space

      Move-in ready retail/office space in a high-traffic location.
      1900 S Telshor Blvd Unit, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Amigo

      Commercial Building corner Of Valley and Picacho Avenue
      1560 Picacho Ave, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Telshor Boulevard Retail Space

      34,794 SF retail space with high visibility and access.
      700 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      9,000 SF

      Prime Retail Location Near NMSU

      High-traffic retail space near convention center and university.
      655 E University Ave, Las Cruces, NM 88001
      View Details
    • Contact for pricing

      Las Cruces Retail Space Available

      Retail spaces available for lease in Las Cruces, NM.
      2100 N Main St, Las Cruces, NM 88001
      View Details
    • Contact for pricing

      Retail Space in Las Cruces

      Retail space available for lease in Las Cruces, NM.
      1455 Hickory Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Retail Space in Las Cruces

      Retail space available for lease in Las Cruces, NM.
      2300 N Main St, Las Cruces, NM 88001
      View Details
    • Contact for pricing
      12,688 SF

      Sonoma Ranch Office/Retail Center

      New office/medical/retail center in growing Las Cruces area.
      4350 N Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Lohman Avenue

      Retail space available in a high-traffic shopping center.
      3835 E Lohman Ave, Las Cruces, NM 88011
      View Details

    FAQs

    What type of property is this?
    Land - 7.5 acre commercial land parcel in Wal-Mart anchored development.
    Where is this land located?
    The property is located at 3395 Rinconada Blvd Las Cruces, NM.
    What are key features of this property?
    This property features: - Located in the fastest growing retail and residential trade area in Las Cruces; - Part of a Wal-Mart anchored development along Highway 70; - One of the few opportunities to acquire a larger tract for development in this trade area
    (575) 521-1535 Call to check price and availability
    Request Owner's contact information
    3395 Rinconada Blvd Las Cruces, NM 88012
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3395 Rinconada Blvd
    Las Cruces, NM 88012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3395 Rinconada Blvd Las Cruces, NM 88012
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Redfearn
    Jake Redfearn
    Real Estate License ID: 46738
    (575) 521-1535 (575) 635-5895 (949) 396-1075
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!