Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Space Near Santa Teresa Port Title is generated by Realmo AI

    655 Industrial Avenue, Santa Teresa, NM 88008

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    145,350 sq ft industrial space near Santa Teresa port.

    Type:Industrial
    Property size:
    145,350 SF
    Added:
    Nov 22, 2025
    Days on Market:
    187
    Last Refresh:
    May 20 at 12:58 am

    Property Features for 655 Industrial Avenue

    General Information

    Standard status
    Active
    Size
    145,350 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jacob Quinn
    Jacob Quinn

    Listing agent Jacob Quinn

    Listing office CBRE, Inc. - El Paso

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE, Inc. - El Paso

    HighLights

    • Large FTZ Area: 105,136 sq. ft. provides significant space for Foreign Trade Zone operations.
    • Substantial Cross Dock Area: 37,791 sq. ft. facilitates efficient loading and unloading.
    • Total Area: 145,350 sq. ft. offers ample space for various business needs.
    • Proximity to Santa Teresa International Port of Entry: ±6 Miles allows for convenient international trade access.
    • Convenient Access to I‑10: ±10 Miles provides easy transportation routes.
    • Office Area: 2,425 sq. ft. provides dedicated administrative space.

    Overview

    This industrial property offers a total area of 145,350 square feet, including a 2,425-square-foot office area and a 37,791-square-foot cross-dock area. A designated Foreign Trade Zone (FTZ) area encompasses 105,136 square feet. The property is located approximately 6 miles from the Santa Teresa International Port of Entry and about 10 miles from Interstate 10.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Santa Teresa
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.671
    Latitude
    31.8707

    Nearby Similar for Lease

    • Contact for pricing
      35,396 SF

      Industrial Space Near Santa Teresa Port

      35,396 SF industrial space near Santa Teresa Port of Entry.
      301 Avenida Ascencion, Santa Teresa, NM, 88008
      View Details
    • Contact for pricing
      35,396 SF

      Santa Teresa Warehouse Space Available

      35,396 SF warehouse space for lease in Santa Teresa.
      301 Avenida Ascencion, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      96,000 SF

      Santa Teresa Warehouse Space Available

      96,000 sq ft warehouse/industrial space for lease.
      2800 Airport Road, Santa Teresa, NM, 88008
      View Details
    • Contact for pricing
      3,717 SF

      Retail Space in Santa Teresa

      Retail property available for lease in Santa Teresa, NM.
      1265 Country Club Rd, Santa Teresa, NM
      View Details
    • Contact for pricing
      145,350 SF

      Santa Teresa Industrial Facility Available

      145,350 SF industrial space with cross-dock and FTZ areas.
      Industrial Ave & Strauss Rd, Santa Teresa, NM
      View Details
    • Contact for pricing
      36,000 SF

      Warehouse Near Santa Teresa Port

      36,000 SF warehouse near Santa Teresa Port of Entry.
      Santa Teresa, NM, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Santa Teresa Tech Center

      Office and commercial spaces available for rent in Santa Teresa.
      1190 Country Club Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Santa Teresa Tech Center

      Office spaces available for rent in Santa Teresa Tech Center.
      1270 Country Club Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Santa Teresa Tech Center

      Office and commercial space available for rent in Santa Teresa.
      1268 Country Club Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Santa Teresa Tech Center

      Office spaces available for rent in Santa Teresa, NM.
      5250 McNutt Rd, Santa Teresa, NM 88008
      View Details

    FAQs

    What type of property is this?
    Distribution center - 145,350 sq ft industrial space near Santa Teresa port.
    Where is this distribution center located?
    The property is located at 655 Industrial Avenue Santa Teresa, NM.
    What are key features of this property?
    This property features: Large FTZ Area: 105,136 sq. ft. provides significant space for Foreign Trade Zone operations.; Substantial Cross Dock Area: 37,791 sq. ft. facilitates efficient loading and unloading.; Total Area: 145,350 sq. ft. offers ample space for various business needs.
    (915) 313-8815
    We can help!
    Listing Contact
    Jacob Quinn
    Jacob Quinn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    655 Industrial Avenue, Santa Teresa, NM, 88008
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!