Street-Facing Office
For Sale
$300,000
1990 E Lohman Ave, Las Cruces, NM 88001
Office condominium with a dedicated entrance oriented toward a high-traffic corridor.
Property Size1,544 SF
Price / SF$194.30
Days on Market154
Property Features for 1990 E Lohman Ave
General Information
Standard status
Active
Size
1,544 SF
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
STEINBORN / TCN Commercial Real Estate
Listed By:
Jacob Garland · License #44202
(575) 532-2345
Source:
Carnm.resimplifi
Added: May 15
Changed: Oct 1
Last Checked: Oct 14 at 7:47PM
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.
This office condominium contains 1,544 square feet within a building constructed in 1988. The unit has a newer HVAC system and a dedicated entrance facing E Lohman Ave, providing direct street orientation for occupants and visitors.
The property is in Las Cruces and sits along a high-traffic corridor. Its street-facing entrance and position within the development provide a distinct point of exposure for an office user, with the physical setup also supporting prominent signage placement.
The property is in Las Cruces and sits along a high-traffic corridor. Its street-facing entrance and position within the development provide a distinct point of exposure for an office user, with the physical setup also supporting prominent signage placement.
Key Highlights
- 1,544‑square‑foot office condominium
- Dedicated entrance facing E Lohman Ave
- Located along a high‑traffic corridor in Las Cruces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,663
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,260
$273.3K
Cap Rate 7%
$195,186
$195.2K
Cap Rate 9%
$151,811
$151.8K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$21.3K $13.80/SF
− Vacancy
−$3.1K −$2.00/SF
EGI
$18.2K $11.80/SF
− OpEx
−$4.6K −$2.95/SF
NOI
$13.7K $8.85/SF
Area
Las Cruces, NM
Vacancy
14.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,260
Cap Rate 7%
$195,186
Cap Rate 9%
$151,811
Alternative Uses
Best Use
Office B
$195.2K
$170.8K – $227.7K
NOI $13,663 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.2K
$236.4K – $315.2K
NOI $18,913 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,039
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium with a dedicated entrance oriented toward a high-traffic corridor.
Where is this office units located?
The property is located at 1990 E Lohman Ave Las Cruces, NM.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,544‑square‑foot office condominium; Dedicated entrance facing E Lohman Ave; Located along a high‑traffic corridor in Las Cruces
