Corner Medical Office
For Sale
$165,000
1395 Missouri Ave, Las Cruces, NM 88001
Corner location at Pecos and Missouri with almost 24,000 cars passing daily.
Property Size1,111 SF
Price / SF$148.51
Days on Market368
Property Features for 1395 Missouri Ave
General Information
Standard status
Active
Size
1,111 SF
Property subtype
Office
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Listing Agency:
STEINBORN / TCN Commercial Real Estate
Listed By:
Kary Bulsterbaum · License #43302
(575) 639-1208
Source:
Carnm.resimplifi
Added: Oct 12, 2025
Changed: Oct 7
Last Checked: Oct 12 at 4:37PM
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
Investment Insights
Based on property information with market context.
Located at 1395 Missouri Ave in Las Cruces, this medical office property occupies the corner of Pecos and Missouri. The site has served as a therapy operation for an extended period, providing an established setting for medical office use.
Traffic exposure is supported by nearly 24,000 cars traveling through the corner daily. Within a 5-minute drive, the surrounding area includes more than 39,000 daytime residents, 23,000+ workers, and 16,000+ daytime residents. The property information also identifies potential applications such as legal, financial services, and insurance. Adjacent properties are available separately for sale.
Traffic exposure is supported by nearly 24,000 cars traveling through the corner daily. Within a 5-minute drive, the surrounding area includes more than 39,000 daytime residents, 23,000+ workers, and 16,000+ daytime residents. The property information also identifies potential applications such as legal, financial services, and insurance. Adjacent properties are available separately for sale.
Key Highlights
- Corner at Pecos and Missouri
- Nearly 24,000 cars pass the corner daily
- Long‑term therapy operation location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,979
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,580
$219.6K
Cap Rate 7%
$156,843
$156.8K
Cap Rate 9%
$121,989
$122.0K
Market Conditions
NOI Build-Up for 1,111 SF
Gross rent
$20.0K $18.00/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$18.3K $16.47/SF
− OpEx
−$7.3K −$6.59/SF
NOI
$11.0K $9.88/SF
Area
Las Cruces, NM
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,580
Cap Rate 7%
$156,843
Cap Rate 9%
$121,989
Alternative Uses
Best Use
Healthcare Medical
$156.8K
$137.2K – $183.0K
NOI $10,979 @ 7.0% cap · market cap 6.65%
Second Best
Office B
$140.5K
$122.9K – $163.9K
NOI $9,832 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$194.4K
$170.1K – $226.8K
NOI $13,609 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner location at Pecos and Missouri with almost 24,000 cars passing daily.
Where is this medical office space located?
The property is located at 1395 Missouri Ave Las Cruces, NM.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Corner at Pecos and Missouri; Nearly 24,000 cars pass the corner daily; Long‑term therapy operation location
