Commercial Building on South
For Sale
Contact for pricing
3985 S Main St, Las Cruces, NM 88001
Stand-alone building with C-1 zoning and EBID rights.
Property Size3,000 SF
Price / SF$1.17
Days on Market913
Property Features for 3985 S Main St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Zoning
C-1 Neighborhood Commercial Zone
Lease Type
Modified Gross
Listing Agency:
NAI 1st Valley Realty
Listed By:
Jessie Carreon · License #53098
(575) 521-1535
Source:
Carnm.resimplifi
Added: May 1, 2024
Changed: Oct 25
Last Checked: Oct 28 at 4:47AM
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 NAI 1st Valley Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This stand-alone commercial building is located on South Main Street. The property is zoned C-1. The lot includes pecan trees and EBID rights. New residential construction is located nearby. The property size is 3000 square feet.
Key Highlights
- Stand alone building
- Fronts South Main Street
- C‑1 Zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,343
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,860
$486.9K
Cap Rate 7%
$347,757
$347.8K
Cap Rate 9%
$270,478
$270.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$37.8K $12.60/SF
− Vacancy
−$3.0K −$1.01/SF
EGI
$34.8K $11.59/SF
− OpEx
−$10.4K −$3.48/SF
NOI
$24.3K $8.11/SF
Area
Las Cruces, NM
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,860
Cap Rate 7%
$347,757
Cap Rate 9%
$270,478
Alternative Uses
Best Use
Retail
$347.8K
$304.3K – $405.7K
NOI $24,343 @ 7.0% cap · market cap 695.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.0K
$459.4K – $612.5K
NOI $36,749 @ 7.0% cap · market cap 1,049.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Stand-alone building with C-1 zoning and EBID rights.
Where is this storefront property located?
The property is located at 3985 S Main St Las Cruces, NM.
What are key features of this property?
This property features: Stand alone building; Fronts South Main Street; C‑1 Zoning
