Mixed-Use Property with Retail
For Sale
$550,000
1695 N Main St, Las Cruces, NM 88001
NH-2.U.MX zoning supports a combined retail, work-area, and residential configuration.
Property Size1,960 SF
Price / SF$280.61
Days on Market95
Property Features for 1695 N Main St
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Commercial
Zoning
NH-2.U.MX
Listing Agency:
Makeityourplace
Listed By:
Bruce Crichton · License #20475
(575) 644-5607
Source:
Searchlascruceshomesforsale
Added: Jul 10
Changed: Oct 1
Last Checked: Oct 11 at 6:26AM
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 Makeityourplace
Investment Insights
Based on property information with market context.
Located at 1695 N Main Street in Las Cruces, this mixed-use property contains 1,960 square feet arranged for multiple functions. The interior is divided among a retail store, a work area, and residential space, creating a flexible combination of commercial and residential components.
The property is zoned NH-2.U.MX, which allows mixed commercial, retail, and residential uses. Business items associated with the operation are available separately from the real estate.
The property is zoned NH-2.U.MX, which allows mixed commercial, retail, and residential uses. Business items associated with the operation are available separately from the real estate.
Key Highlights
- 1960 SQ.FT. mixed‑use property at 1695 N Main Street
- Interior includes a retail store, work area, and residential space
- NH‑2.U.MX zoning allows mixed commercial, retail, and residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,390
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,800
$347.8K
Cap Rate 7%
$248,429
$248.4K
Cap Rate 9%
$193,222
$193.2K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$30.6K $15.60/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$27.8K $14.20/SF
− OpEx
−$10.4K −$5.32/SF
NOI
$17.4K $8.87/SF
Area
Las Cruces, NM
Vacancy
9.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,800
Cap Rate 7%
$248,429
Cap Rate 9%
$193,222
Alternative Uses
Best Use
Mixed Use
$248.4K
$217.4K – $289.8K
NOI $17,390 @ 7.0% cap · market cap 3.16%
Second Best
Retail
$227.2K
$198.8K – $265.1K
NOI $15,904 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$343.0K
$300.1K – $400.2K
NOI $24,009 @ 7.0% cap · market cap 4.37%
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
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - NH-2.U.MX zoning supports a combined retail, work-area, and residential configuration.
Where is this mixed-use property located?
The property is located at 1695 N Main St Las Cruces, NM.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1960 SQ.FT. mixed‑use property at 1695 N Main Street; Interior includes a retail store, work area, and residential space; NH‑2.U.MX zoning allows mixed commercial, retail, and residential uses
