Building Details

Tenancy Single

Listing Agency: NAI 1st Valley

Listed By: Randy McMillan · License #NM 6572 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 7:10PM

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Investment Insights

Based on property information with market context.

This newly constructed office building is subject to a 20-year government lease, with 10 years firm. The property includes secured, gated parking for employees and a 4,000 SF ready-to-build pad site.

Located at 2805 Roadrunner Parkway in Las Cruces, the property offers access to and from Hwy 70.

Key Highlights

• 20‑year government lease with 10 years firm
• Newly constructed office building
• Secured gated employee parking

Property Analytics

Property Profile

Current Use

Children Youth & Families ... Department Of Social Services Early Childhood Education ... Child Welfare Organization

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Real Estate Agency Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

317

Businesses Nearby

Explore this area Business Placement

Demographics for 88011, NM

32,885

Population

15,160

Households

2.2

Avg Household Size

43

Median Age

55%

College-Educated

95%

High-School Grad

251.7 sq mi

ZIP Area

131

Density / Sq Mi

$75,139

Median Household Income

$43,093

Median Earnings

$1,053

Median Rent

$315,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Long-term government tenancy includes secured gated employee parking.

Where is this office building located?

The property is located at 2805 Roadrunner Parkway Las Cruces, NM.

What are key features of this property?

This property features: 20‑year government lease with 10 years firm; Newly constructed office building; Secured gated employee parking