Office Building with Private
For Sale
$339,000
770 Spruce Avenue, Las Cruces, NM 88001
COMMERCIAL - Las Cruces, NM
Property Size1,344 SF
Lot Size0.27 Acres
Price / SF$252.23
Days on Market48
Property Features for 770 Spruce Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Subdivision
Coxs Second Subdivision
Directions
TRAVEL SOUTH ON SOLANO DR TURN LEFT ON SPRUCE PROPERTY ON THE LEFT
Standard status
Active
APN
4-007-134-378-385
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
SUBD: COX'S SECOND SUBDIVISION (BK 4 PG 31) 130 LOT: PT 7-10 INCL & VAC ALY BLOCK:C SUBD: SPRUCE AVENUE DEDICATION (BK 18 PG 585-590- 9626728) S: 7 T: 23S R:2E SPRUCE ST
Legal Description
SUBD: COX'S SECOND SUBDIVISION (BK 4 PG 31) 130 LOT: PT 7-10 INCL & VAC ALY BLOCK:C SUBD: SPRUCE AVENUE DEDICATION (BK 18 PG 585-590- 9626728) S: 7 T: 23S R:2E SPRUCE ST
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Carpet, Tile - Ceramic
Building materials
Frame
Listing Agency:
Cripple Creek Realty, LLC
(575) 343-5980
Listed By:
Schabrina Schnyder Montoya · License #51162
(575) 740-2251
Added: Jun 13
Changed: Jul 20
Last Checked: Jul 30 at 4:06PM
MLS# 2601902
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 well-maintained office building totals 1,344 sq ft and is currently configured with three private offices, a reception area, and a kitchen area. The property also includes a relaxing back patio, adding an outdoor component to the interior layout. A dedicated parking lot supports convenient access for clients and staff.
The building is located at 770 Spruce Avenue in Las Cruces, NM, near Solano Drive and Lohman Avenue, providing accessibility and visibility in an established commercial area.
The space has operated as an Edward Jones office in recent years and was previously a beauty salon. That history supports a flexible interior layout suitable for a range of professional, retail, salon, wellness, or service-oriented uses, subject to applicable approvals.
The building is located at 770 Spruce Avenue in Las Cruces, NM, near Solano Drive and Lohman Avenue, providing accessibility and visibility in an established commercial area.
The space has operated as an Edward Jones office in recent years and was previously a beauty salon. That history supports a flexible interior layout suitable for a range of professional, retail, salon, wellness, or service-oriented uses, subject to applicable approvals.
Key Highlights
- 1,344 SF commercial building in Las Cruces, previously operated as an Edward Jones office
- Functional layout includes three private offices, reception area, kitchen area, and a back patio
- Frame construction with carpet and ceramic tile flooring
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 | $18.5k | $13.80 |
| − Vacancy | −$2.7k | −$2.00 |
| EGI | $15.9k | $11.80 |
| − OpEx | −$4.0k | −$2.95 |
| NOI | $11.9k | $8.85 |
1,344 SF · lease $13.80/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$169.9K
$148.7K – $198.2K
NOI $11,893 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.2K
$205.8K – $274.4K
NOI $16,463 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained 1,344 sq ft building with three private offices, reception space, kitchen area, and back patio.
Where is this office building located?
The property is located at 770 Spruce Avenue Las Cruces, NM.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1,344 SF commercial building in Las Cruces, previously operated as an Edward Jones office; Functional layout includes three private offices, reception area, kitchen area, and a back patio; Frame construction with carpet and ceramic tile flooring
