Mixed-Use Retail and Office
For Sale
$900,000
2000 Calle De Parian, Mesilla, NM 88046
Storefront retail on the lower level with upper-floor offices and an additional unit used for short-term rentals or office space.
Property Size4,622 SF
Price / SF$194.72
Days on Market213
Property Features for 2000 Calle De Parian
General Information
Standard status
Active
Size
4,622 SF
Property subtype
Retail
Zoning
H-C
Additional Details
Office Units
4
Building Details
Year Built
1946
Stories
2
Tenancy
Multi-Tenant
Listing Agency:
STEINBORN / TCN Commercial Real Estate
Listed By:
Kary Bulsterbaum · License #43302
(575) 639-1208
Source:
Carnm.resimplifi
Added: Mar 25
Changed: Oct 2
Last Checked: Oct 20 at 5:11PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered for sale is a mixed-use property with a diversified tenant setup across multiple levels. The lower floor includes two primary retail tenants, while the upper floors provide four office spaces. There is also an existing unit currently offered for VRBO purposes that can be utilized as additional office space.
The building is positioned at a main entry point to Mesilla Plaza and is directly across the street from the La Posta main entrance. Signage opportunities are described as strong, supporting visibility for retail operations.
According to the current figures provided, the gross income potential across all suites approaches $100,000 annually. An adjacent, separately available facility is also mentioned as generating $44,000+ in gross income, with future increases built into the current tenant’s lease, and the existing tenant at this property is noted as willing to renew under a long-term lease arrangement.
The building is positioned at a main entry point to Mesilla Plaza and is directly across the street from the La Posta main entrance. Signage opportunities are described as strong, supporting visibility for retail operations.
According to the current figures provided, the gross income potential across all suites approaches $100,000 annually. An adjacent, separately available facility is also mentioned as generating $44,000+ in gross income, with future increases built into the current tenant’s lease, and the existing tenant at this property is noted as willing to renew under a long-term lease arrangement.
Key Highlights
- 1946‑built property on Mesilla Plaza with retail storefront on the lower level
- Upper floor includes 4 offices, plus an additional unit currently used for VRBO that can serve as office space
- Diversified tenant mix: 2 primary lower floor retail tenants, 4 upper floor offices, and an existing VRBO/office unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,901
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,020
$818.0K
Cap Rate 7%
$584,300
$584.3K
Cap Rate 9%
$454,456
$454.5K
Market Conditions
NOI Build-Up for 4,622 SF
Gross rent
$63.8K $13.80/SF
− Vacancy
−$9.2K −$2.00/SF
EGI
$54.5K $11.80/SF
− OpEx
−$13.6K −$2.95/SF
NOI
$40.9K $8.85/SF
Area
Dona Ana County, 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%
$818,020
Cap Rate 7%
$584,300
Cap Rate 9%
$454,456
Alternative Uses
Best Use
Office B
$584.3K
$511.3K – $681.7K
NOI $40,901 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$535.8K
$468.8K – $625.1K
NOI $37,505 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$808.8K
$707.7K – $943.6K
NOI $56,618 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 88046, NM
718
Population
370
Households
1.9
Avg Household Size
53
Median Age
42%
College-Educated
88%
High-School Grad
0.6 sq mi
ZIP Area
1,197
Density / Sq Mi
$66,300
Median Household Income
$253,000
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
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail on the lower level with upper-floor offices and an additional unit used for short-term rentals or office space.
Where is this storefront property located?
The property is located at 2000 Calle De Parian Mesilla, NM.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1946‑built property on Mesilla Plaza with retail storefront on the lower level; Upper floor includes 4 offices, plus an additional unit currently used for VRBO that can serve as office space; Diversified tenant mix: 2 primary lower floor retail tenants, 4 upper floor offices, and an existing VRBO/office unit
