Retail Space with Open-Air
For Sale
$4,900,000
5580 E Bataan Memorial, Las Cruces, NM 88011
Commercial Sale, Las Cruces, NM
Property Size30,037 SF
Lot Size18.61 Acres
Price / SF$163.13
Days on Market145
Property Features for 5580 E Bataan Memorial
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Subdivision
Hacienda Acres
Directions
Highway 70 side Rd. Between Mesa Grande exit and Porter Rd. Exit
Standard status
Active
APN
4-011-130-348-090
Lot size
18.61 Acres
Taxes and HOA fees
Tax Description
S: 23 T: 22S R: 2E PT OF NEQTR
Legal Description
S: 23 T: 22S R: 2E PT OF NEQTR
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Evaporative Cooling
Water source
Public
Amenities
farm utilities shelters and canopies
Building Details
Flooring type
Concrete
Building materials
Frame, Steel Siding, Stucco
Roof type
Metal
Listing Agency:
RE/MAX Classic Realty · RE/MAX International
(575) 524-8788
Listed By:
Ernesto Uranga · License #39037
(575) 644-7254
Added: May 23
Changed: Oct 13
Last Checked: Oct 14 at 2:06PM
MLS# 2601671
Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 18.61-acre retail property includes an ongoing owner-operated indoor and outdoor swap meet business. Improvements comprise two site buildings measuring 9,000 SF and 3,280 SF, along with six farm utility shelters and canopies. The property contains 30,037 rentable square feet in total, including 17,757 SF associated with the additional structures and covered areas. Frame, steel siding, and stucco construction, concrete flooring, metal roofing, forced-air natural gas heating, and evaporative cooling are present.
The property fronts Interstate Highway 70 at 5580 E Bataan Memorial in Las Cruces, New Mexico. City gas, city water, electricity, public water, public sewer, and a parking lot are identified among the site features and services.
The property fronts Interstate Highway 70 at 5580 E Bataan Memorial in Las Cruces, New Mexico. City gas, city water, electricity, public water, public sewer, and a parking lot are identified among the site features and services.
Key Highlights
- 18.61‑acre retail property with frontage on Interstate Highway 70
- 30,037 total rentable square feet across site improvements
- Two site buildings measuring 9,000 SF and 3,280 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,732
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,874,640
$4.9M
Cap Rate 7%
$3,481,886
$3.5M
Cap Rate 9%
$2,708,133
$2.7M
Market Conditions
NOI Build-Up for 30,037 SF
Gross rent
$378.5K $12.60/SF
− Vacancy
−$30.3K −$1.01/SF
EGI
$348.2K $11.59/SF
− OpEx
−$104.5K −$3.48/SF
NOI
$243.7K $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%
$4,874,640
Cap Rate 7%
$3,481,886
Cap Rate 9%
$2,708,133
Alternative Uses
Best Use
Retail
$3.48M
$3.05M – $4.06M
NOI $243,732 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.26M
$4.60M – $6.13M
NOI $367,941 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
111
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Owner-operated indoor and outdoor swap meet business with multiple structures, utility shelters, and public services.
Where is this retail space located?
The property is located at 5580 E Bataan Memorial Las Cruces, NM.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 18.61‑acre retail property with frontage on Interstate Highway 70; 30,037 total rentable square feet across site improvements; Two site buildings measuring 9,000 SF and 3,280 SF
