Free-Standing Retail
For Sale
Contact for pricing
420 E Foster Rd, Las Cruces, NM 88005
Recently updated interior includes a barber-oriented layout, reception area, customer waiting space, and on-site parking.
Property Size1,120 SF
Price / SF$214.29
Days on Market55
Property Features for 420 E Foster Rd
General Information
Standard status
Active
Size
1,120 SF
Property subtype
RETAIL
Amenities
Multiple barber stations
Reception and customer waiting area
On-site parking
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Steinborn/TCN Commercial Real Estate
(575) 532-2345
Listed By:
Kary Bulsterbaum · License #43302
(575) 639-1208
Source:
Moodyscre
Added: Aug 21
Changed: Oct 4
Last Checked: Oct 12 at 10:10PM
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.
Located at 420 E Foster Rd in Las Cruces, this 1,120-square-foot retail property is a free-standing commercial building with a recently remodeled interior. The layout is configured for barber shop operations, with multiple barber stations, a reception area, and designated customer waiting space.
The property includes on-site parking and convenient customer access. Its independent building format provides a standalone retail setting rather than a multi-tenant shopping center configuration. Existing improvements support continued barber-oriented use, while the updated interior and customer-facing layout provide a functional foundation for operation.
The property includes on-site parking and convenient customer access. Its independent building format provides a standalone retail setting rather than a multi-tenant shopping center configuration. Existing improvements support continued barber-oriented use, while the updated interior and customer-facing layout provide a functional foundation for operation.
Key Highlights
- 1,120‑square‑foot free‑standing retail building
- Recently remodeled interior
- Barber shop layout with multiple stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,088
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,760
$181.8K
Cap Rate 7%
$129,829
$129.8K
Cap Rate 9%
$100,978
$101.0K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$14.1K $12.60/SF
− Vacancy
−$1.1K −$1.01/SF
EGI
$13.0K $11.59/SF
− OpEx
−$3.9K −$3.48/SF
NOI
$9.1K $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%
$181,760
Cap Rate 7%
$129,829
Cap Rate 9%
$100,978
Alternative Uses
Best Use
Retail
$129.8K
$113.6K – $151.5K
NOI $9,088 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$196.0K
$171.5K – $228.7K
NOI $13,720 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 88005, NM
26,997
Population
12,039
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
179
Density / Sq Mi
$51,770
Median Household Income
$28,908
Median Earnings
$899
Median Rent
$207,100
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Recently updated interior includes a barber-oriented layout, reception area, customer waiting space, and on-site parking.
Where is this retail space located?
The property is located at 420 E Foster Rd Las Cruces, NM.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,120‑square‑foot free‑standing retail building; Recently remodeled interior; Barber shop layout with multiple stations
