Two-Story Retail Building with
523 E Idaho Ave Las Cruces, NM 88001
523 E Idaho Ave, Las Cruces, NM, 88001
Contact for pricing
For Sale
Contact for pricing
Two-story standalone building with a drive-thru, on-site kitchen, and ample parking on C-2 commercial land.
Property Size6,904 SF
Lot Size1.72 Acres
Price / SF$238.99
Days on Market157
Property Features for 523 E Idaho Ave
General Information
- Standard status
- Active
- Size
- 6,904 SF
- Lot size
- 1.72 Acres
- Property subtype
- Office, Retail
Listing agency
NAI 1st Valley
(575) 521-1535
Listed by
Jessie Carreon · License #NM 53098
Source
Crexi
Added: Feb 16 Updated: Jul 23 at 2:58AM Checked: Jul 23 at 2:58AM
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
Investment Insights
Based on property information with market context.
This two-story standalone commercial building includes a drive-thru and an on-site kitchen, with flexible-use potential to support a variety of retail and service concepts. The property is set up with ample parking for customer access.
The site is offered for sale and includes approximately 1.72 acres of land. There is additional land on site for potential expansion, and the property is zoned C-2 (Commercial).
With its two-level layout and dedicated drive-thru component, the building is well suited for operators seeking a standalone facility designed for easy vehicle-based access.
The site is offered for sale and includes approximately 1.72 acres of land. There is additional land on site for potential expansion, and the property is zoned C-2 (Commercial).
With its two-level layout and dedicated drive-thru component, the building is well suited for operators seeking a standalone facility designed for easy vehicle-based access.
Key Highlights
- Two‑story standalone building with drive‑thru on C‑2 commercial zoning
- On‑site kitchen included
- Ample parking for vehicles and visitors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.3k | $13.80 |
| − Vacancy | −$13.8k | −$2.00 |
| EGI | $81.5k | $11.80 |
| − OpEx | −$20.4k | −$2.95 |
| NOI | $61.1k | $8.85 |
6,904 SF · lease $13.80/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$872.8K
$763.7K – $1.02M
NOI $61,095 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$800.3K
$700.3K – $933.7K
NOI $56,022 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,571 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fourtwenty Collections Las ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story standalone building with a drive-thru, on-site kitchen, and ample parking on C-2 commercial land.
Where is this retail space located?
The property is located at 523 E Idaho Ave Las Cruces, NM.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑story standalone building with drive‑thru on C‑2 commercial zoning; On‑site kitchen included; Ample parking for vehicles and visitors
