Two-Story Retail Building with
For Sale
$1,550,000
523 E Idaho Ave, Las Cruces, NM 88001
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$224.51
Days on Market266
Property Features for 523 E Idaho Ave
General Information
Standard status
Active
Size
6,904 SF
Lot size
1.72 Acres
Property subtype
Retail
Zoning
CR.U
Amenities
Drive-Thru
Building Details
Stories
2
Listing Agency:
NAI 1st Valley Realty
Listed By:
Jessie Carreon · License #53098
(575) 521-1535
Source:
Carnm.resimplifi
Added: Jan 30
Changed: Oct 14
Last Checked: Oct 23 at 3:31AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,022
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,440
$1.1M
Cap Rate 7%
$800,314
$800.3K
Cap Rate 9%
$622,467
$622.5K
Market Conditions
NOI Build-Up for 6,904 SF
Gross rent
$87.0K $12.60/SF
− Vacancy
−$7.0K −$1.01/SF
EGI
$80.0K $11.59/SF
− OpEx
−$24.0K −$3.48/SF
NOI
$56.0K $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%
$1,120,440
Cap Rate 7%
$800,314
Cap Rate 9%
$622,467
Alternative Uses
Best Use
Retail
$800.3K
$700.3K – $933.7K
NOI $56,022 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,571 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,662
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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 $1,550,000.
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
