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    Santa Teresa Industrial Space Available Title is generated by Realmo AI

    855 Industrial Avenue, Santa Teresa, NM 88008

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    For Lease
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    415,220 sq ft industrial space for lease.

    Type:Industrial
    Property size:
    415,220 SF
    Added:
    Mar 25, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 18 at 9:04 am

    Property Features for 855 Industrial Avenue

    General Information

    Standard status
    Active
    Size
    415,220 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Christian Perez Giese
    Christian Perez Giese

    Listing agent Christian Perez Giese License #5486157

    Listing office CBRE - El Paso/Cd. Juarez

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE - El Paso/Cd. Juarez

    HighLights

    • Proximity to Project Jupiter, the largest data center in the borderplex region
    • Expansive 415,220 sq. ft. of space
    • Abundant dock doors: (68) 9' x 10' with (30) mechanical dock levelers
    • Ample trailer parking with 64 spaces and land available for additional storage
    • High clear height of 36'
    • Reinforced superflat concrete slab: 7" thick (FF60/FL45)

    Overview

    This industrial space offers 415,220 square feet, including a 3,880 square feet office area. The dimensions are 552 feet by 746 feet, with a column spacing of 50 feet by 52 feet and a 60-foot speedway. There are 240 car parking spaces and 64 trailer parking spaces, with additional land available for trailer storage. The truck court depth is 185 feet, and the clear height is 36 feet. The roof is made of 60 mil TPO, and the slab is a 7-inch thick reinforced superflat concrete slab (FF60/FL45). It features 68 dock doors (9' x 10'), with 30 docks equipped with mechanical dock levelers, and 4 drive-in doors (12' x 14'), expandable to 20' x 14'. The property is equipped with ESFR sprinklers, a 1500 KVA transformer for power, and lighting throughout. Security is ensured with full fencing and automatic gates at the north entrances. This development is approximately 1 mile from Project Jupiter. Westpark totals over 2.5M square feet of leased industrial space, with 250 acres of shovel-ready sites available. Westpark Logistics Center is a master-planned industrial park in Santa Teresa, New Mexico, that has been the location of choice for companies operating in the El Paso, Cd. Juárez and Las Cruces metropolitan areas.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Santa Teresa
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.671
    Latitude
    31.8707

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    FAQs

    What type of property is this?
    Distribution center - 415,220 sq ft industrial space for lease.
    Where is this distribution center located?
    The property is located at 855 Industrial Avenue Santa Teresa, NM.
    What are key features of this property?
    This property features: Proximity to Project Jupiter, the largest data center in the borderplex region; Expansive 415,220 sq. ft. of space; Abundant dock doors: (68) 9' x 10' with (30) mechanical dock levelers
    (915) 313-8801
    We can help!
    Listing Contact
    Christian Perez Giese
    Christian Perez Giese
    Real Estate License ID: 5486157
    Learn More
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    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
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