Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1701 E University Ave Las Cruces, NM

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial land available on University Ave, near I-25.

    Type:LAND
    Lot size:
    4.00 Acres
    Added:
    Jul 22, 2025
    Days on Market:
    283
    Last Refresh:
    Apr 5 at 10:42 pm

    Property Features for 1701 E University Ave

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 1701 E University Ave Contact us

    We can help!

    Listing Contact
    Ben Perich
    Ben Perich

    Listing agent Ben Perich

    Listing office Colliers | Albuquerque

    Listing date Jul 22, 2025

    Source Moodyscre

    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 Colliers | Albuquerque

    Overview

    University Avenue Commercial Land Available

    This commercial land is situated in a well-located shopping center on University Avenue, just west of the I-25 interchange and directly across the street from New Mexico State University. Opportunities are available for Junior Anchor, Shop Space, and Pad Ground Lease and Build to Suit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store Toucan Market Grocery & Convenience Store Coin Cloud Bitcoin ... Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -106.747
    Latitude
    32.2871

    Nearby Similar for Lease

    • $900/Mo

      Las Cruces Commercial Flex Space

      Flex space with storage in secure, gated Las Cruces location.
      1430 E Thorpe Road unit: Mo-1, Las Cruces, NM 88012
      View Details
    • $1,350/Mo

      Las Cruces Retail/Office Space

      Move-in ready retail/office space in a high-traffic location.
      1900 S Telshor Boulevard unit: Suite D, Las Cruces, NM 88011
      View Details
    • $600,000 SF/Yr

      Downtown Las Cruces Mixed-Use Property

      Remodeled mixed-use property in revitalized downtown Las Cruces.
      506 E May Avenue, Las Cruces, NM 88001
      View Details
    • $3,000/Mo

      Las Cruces Quick-Lube Facility

      2-bay quick-lube facility for lease in Las Cruces.
      2001 S Valley Drive, Las Cruces, NM 88005
      View Details
    • $25 SF/Yr

      Prime Retail Location Near NMSU

      High-traffic retail space near convention center and university.
      655 E University Ave, Las Cruces, NM
      View Details
    • $31 SF/Yr

      Sonoma Ranch Office/Retail Center

      New office/medical/retail center in growing Las Cruces area.
      4350 N Sonoma Ranch Blvd, Las Cruces, NM
      View Details
    • Contact for pricing

      Amigo

      Renovated building with covered patio and storage in Las Cruces.
      1560 Picacho Ave, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Telshor Boulevard Retail Space

      34,794 SF retail space with high visibility and access.
      700 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • $18 SF/Yr

      Retail Space with Highway Frontage

      Retail location with high traffic and signage opportunities.
      1965 Bataan Memorial, Las Cruces, NM
      View Details
    • Contact for pricing

      Las Cruces Commercial Property

      Commercial property available for rent in Las Cruces, New Mexico.
      2750 Mall Dr., Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Commercial Pad Sites For Rent

      Commercial pad sites available along Lohman Ave and Interstate 25.
      550 S Telshor Blvd , Las Cruces, NM, 88011
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 6,000 to 12,000 SqFt.
      1600 S Valley Dr, Las Cruces, NM 88005
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available on University Ave, near I-25.
    Where is this commercial land located?
    The property is located at 1701 E University Ave Las Cruces, NM.
    What is the lease rate?
    The lease rate is $6,667 /Mo.
    What are key features of this property?
    This property features: Well‑located shopping center on University Ave.; Directly across the street from New Mexico State University; Junior Anchor opportunities available
    (505) 507-1678 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ben Perich
    Ben Perich
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!