Climate-Controlled Flex
For Sale
Contact for pricing
400 N 17th St, Las Cruces, NM 88005
Warehouse and office configuration includes dock access, fenced yard, and ADA restrooms.
Property Size12,000 SF
Price / SF$65.42
Days on Market610
Property Features for 400 N 17th St
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
1
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Listing Agency:
Steinborn/TCN Commercial Real Estate
(575) 532-2345
Listed By:
Kary Bulsterbaum · License #43302
(575) 639-1208
Source:
Moodyscre
Added: Feb 27, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:06AM
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 Steinborn/TCN Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 12,000-square-foot flex space includes a climate-controlled warehouse with three 12-foot roll-up doors, an in-ground dock, and ADA restrooms. The property also offers a secured fenced yard and an office or small retail setup if desired.
Located at 400 N 17th St in Las Cruces, the property combines warehouse functionality with adaptable office or customer-facing space. The configuration supports a range of commercial operations requiring controlled interior conditions, loading access, and secured outdoor area.
Located at 400 N 17th St in Las Cruces, the property combines warehouse functionality with adaptable office or customer-facing space. The configuration supports a range of commercial operations requiring controlled interior conditions, loading access, and secured outdoor area.
Key Highlights
- 12,000‑square‑foot flex space with climate‑controlled warehouse
- Three 12‑foot roll‑up doors
- In‑ground dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,064
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,280
$1.4M
Cap Rate 7%
$1,015,200
$1.0M
Cap Rate 9%
$789,600
$789.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$6.5K −$0.54/SF
EGI
$101.5K $8.46/SF
− OpEx
−$30.5K −$2.54/SF
NOI
$71.1K $5.92/SF
Area
Las Cruces, NM
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,280
Cap Rate 7%
$1,015,200
Cap Rate 9%
$789,600
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,191 @ 7.0% cap · market cap 13.53%
Second Best
Warehouse
$1.16M
$1.01M – $1.35M
NOI $80,968 @ 7.0% cap · market cap 10.31%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,995 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 88005, NM
26,997
Population
12,039
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
179
Density / Sq Mi
$51,770
Median Household Income
$28,908
Median Earnings
$899
Median Rent
$207,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration includes dock access, fenced yard, and ADA restrooms.
Where is this flex space located?
The property is located at 400 N 17th St Las Cruces, NM.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 12,000‑square‑foot flex space with climate‑controlled warehouse; Three 12‑foot roll‑up doors; In‑ground dock
