Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Las Cruces Four-Plex Investment Title is generated by Realmo AI

    1263 Mission Nuevo Drive, Las Cruces, NM 88011

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    MULTI_FAMILY - Las Cruces, NM

    Property size:
    1,656 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $815/SF
    Added:
    Apr 8, 2026
    Days on Market:
    37
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 1263 Mission Nuevo Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    12
    Bathrooms
    10
    Rooms
    Bathroom 7, Bedroom 1, Bedroom 10, Bathroom 9, Bathroom 5, Bedroom 2, Bedroom 11, Bathroom 3, Bathroom 1, Bathroom 10, Bedroom 8, Bedroom 5, Bedroom 12, Bathroom 8, Bathroom 6, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 9
    Parking features
    Garage
    Appliances
    Range, Refrigerator, Disposal, Dishwasher
    Standard status
    Active
    APN
    4-010-133-004-392
    Size
    1,656 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    MISSION NUEVO (BK 21 PG 153-154 - 057174) Lot: 7 S: 3 T:23S R: 2E

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Number of units
    4
    Building materials
    Frame, Stucco
    Roof type
    Shingle, Flat

    We can help!

    Listing Contact
    Cecilia A Borunda
    Cecilia A Borunda

    Listing agent Cecilia A Borunda License #52429

    Listing office RE/MAX Classic Realty 2805 Doral Ct., Las Cruces, NM

    Listing date Apr 8, 2026

    MLS# 2601115 Listing URL

    Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four‑plex property offering strong rental income potential.
    • Each unit features 3 bedrooms, 2.5 bathrooms, and a double car garage.
    • Located near the desirable Sonoma Ranch Golf Course.
    • Modern kitchens with stainless steel appliances in each unit.
    • Tile flooring throughout each unit.
    • Convenient location with easy access to schools, shopping, restaurants, local hospitals, and highways.

    Overview

    This four-plex is located at 1263 Mission Nuevo Drive in Las Cruces, NM. Each of the four two-story units features 3 bedrooms, 2.5 bathrooms, a double car garage, yard space, tile flooring throughout, and modern kitchens with stainless steel appliances. The property offers approximately 1,656 sq. ft. of living space per unit. It is located in the Mission Nuevo area with close proximity to golf courses, schools, shopping, restaurants, local hospitals, and easy highway access. The lot size is 0.28 acres. This property is designed to attract quality tenants and strong rental potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -106.734239
    Latitude
    32.333607

    Nearby Similar for Sale

    • $450,000
      5,028 SF

      Las Cruces Commercial Space

      High-visibility commercial space suitable for retail, office, or service use.
      6185 Bataan Memorial W, Las Cruces, NM 88012
      View Details
    • $1,950,000
      4,140 SF

      High-Traffic Gas Station & C-Store

      Turnkey gas station and convenience store in booming Las Cruces.
      5701 N Jornada Road, Las Cruces, NM 88012
      View Details
    • $399,000
      2,227 SF

      High-Traffic Commercial Property, Las Cruces

      Prominent corner lot ideal for retail or office use.
      1590 E Lohman Ave., Las Cruces, NM 88001
      View Details
    • $230,000
      1,012 SF

      Functional Office Condo For Sale

      Well-maintained office condo in high-traffic location, furniture included.
      2990 N Main Street, Las Cruces, NM 88001
      View Details
    • $299,000
      960 SF

      Two Homes on One Lot

      Two standalone homes on one lot in Las Cruces, NM.
      416 Palm Avenue, Las Cruces, NM 88001
      View Details
    • $800,000

      Las Cruces Multifamily Investment Property

      Five income-producing units on 2.71 acres in Las Cruces.
      311 Hurt Road, Las Cruces, NM 88007
      View Details
    • $389,000

      Well-Maintained Fourplex in Las Cruces

      Fourplex with strong rental appeal near schools and shopping.
      1981 Embassy Drive, Las Cruces, NM 88005
      View Details
    • $259,750
      1,680 SF

      Well-Maintained Duplex in Las Cruces

      Las Cruces duplex: live in one unit, rent the other.
      1255 W Ethel Avenue, Las Cruces, NM 88005
      View Details
    • $120,000

      Las Cruces Commercial Opportunity

      Commercial property near downtown Las Cruces, ideal for retail or office.
      2165 Chiquita Street, Las Cruces, NM 88001
      View Details
    • $199,000

      Pecan Orchard Land For Sale

      2.24-acre pecan orchard with mature trees and irrigation well.
      530 Carver Road, Las Cruces, NM 88005
      View Details
    • $115,000

      Land in Las Cruces, NM

      Land for sale in Las Cruces, New Mexico.
      1311 Vista Del Cerro, Las Cruces, NM 88007
      View Details
    • $299,000

      Las Cruces Multi-Unit Investment

      Multi-unit property with income potential in Las Cruces, NM.
      439 N Alameda Boulevard, Las Cruces, NM 88005
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four luxury units near Sonoma Ranch Golf Course.
    Where is this quadplex located?
    The property is located at 1263 Mission Nuevo Drive Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Four‑plex property offering strong rental income potential.; Each unit features **3 bedrooms, 2.5 bathrooms, and a double car garage.**; Located near the desirable Sonoma Ranch Golf Course.
    (575) 639-2156
    We can help!
    Listing Contact
    Cecilia A Borunda
    Cecilia A Borunda
    Real Estate License ID: 52429
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1263 Mission Nuevo Drive, Las Cruces, NM 88011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!