Anchored Shopping
For Sale
$6,700,000
1300 El Paseo Rd, Las Cruces, NM 88001
Retail center at a signalized intersection with Planet Fitness and multiple established junior-anchor tenants.
Property Size60,932 SF
Price / SF$109.96
Days on Market442
Property Features for 1300 El Paseo Rd
General Information
Standard status
Active
Size
60,932 SF
Property subtype
Retail
Zoning
C-3
Occupancy
90%
Additional Details
Anchor Co-Tenants
Planet Fitness, The UPS Store, H&R Block, Metro by T-Mobile
Building Details
Tenancy
Multi
Listing Agency:
NAI 1st Valley Realty
Listed By:
Jessie Carreon · License #53098
(575) 521-1535
Source:
Carnm.resimplifi
Added: Jul 31, 2025
Changed: Oct 5
Last Checked: Oct 14 at 7:48PM
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 Realty
Investment Insights
Based on property information with market context.
This 60,932-square-foot shopping center is positioned at the lighted intersection of El Paseo Road and includes an established tenant roster. Planet Fitness serves as the center’s anchor, with The UPS Store, H&R Block, and Metro by T-Mobile identified as junior anchors. The property is zoned C-3 and currently reports 90% occupancy.
Located at 1300 El Paseo Road in Las Cruces, the center fronts El Paseo Road, a major north-south thoroughfare through the city. Its signalized intersection setting and existing mix of fitness, shipping, tax-preparation, and wireless retail users provide a defined commercial presence along the corridor.
Located at 1300 El Paseo Road in Las Cruces, the center fronts El Paseo Road, a major north-south thoroughfare through the city. Its signalized intersection setting and existing mix of fitness, shipping, tax-preparation, and wireless retail users provide a defined commercial presence along the corridor.
Key Highlights
- 60,932‑square‑foot shopping center
- 90% occupancy
- Anchored by Planet Fitness
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$494,427
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,888,540
$9.9M
Cap Rate 7%
$7,063,243
$7.1M
Cap Rate 9%
$5,493,633
$5.5M
Market Conditions
NOI Build-Up for 60,932 SF
Gross rent
$767.7K $12.60/SF
− Vacancy
−$61.4K −$1.01/SF
EGI
$706.3K $11.59/SF
− OpEx
−$211.9K −$3.48/SF
NOI
$494.4K $8.11/SF
Area
Las Cruces, NM
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,888,540
Cap Rate 7%
$7,063,243
Cap Rate 9%
$5,493,633
Alternative Uses
Best Use
Retail
$7.06M
$6.18M – $8.24M
NOI $494,427 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.66M
$9.33M – $12.44M
NOI $746,393 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center at a signalized intersection with Planet Fitness and multiple established junior-anchor tenants.
Where is this shopping center located?
The property is located at 1300 El Paseo Rd Las Cruces, NM.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 60,932‑square‑foot shopping center; 90% occupancy; Anchored by Planet Fitness
