Flex Space with Fenced
889 North 14th Street, Las Cruces, NM 88005
For Sale
Contact for pricing
A separate enclosed yard provides outdoor space alongside the building.
Property Size4,800 SF
Price / SF$108.13
Days on Market42
Property Features for 889 North 14th Street
General Information
Standard status
Size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Property Use
Building Details
Building Size
Listing Agency:
NAI 1st Valley
Listed By:
Cheryl Reome · License NM 16447QB
(575) 644-9165
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 10 at 6:44AM
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
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Investment Insights
Based on property information with market context.
This Las Cruces flex property combines office and warehouse space in an approximately 4,800 SF building. Interior clear heights range from 16 to 18 feet, and three grade-level roll-up doors provide direct access to the warehouse area. A separate fenced yard adds outdoor space to the property.
The building is located at 889 North 14th Street in Las Cruces, New Mexico.
The building is located at 889 North 14th Street in Las Cruces, New Mexico.
Key Highlights
- Approximately ±4,800 SF of industrial office/warehouse space
- Clear heights range from 16 to 18 feet
- Three grade‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,387
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,740
$647.7K
Cap Rate 7%
$462,671
$462.7K
Cap Rate 9%
$359,856
$359.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$40.3K $8.40/SF
− Vacancy
−$2.2K −$0.46/SF
EGI
$38.1K $7.94/SF
− OpEx
−$5.7K −$1.19/SF
NOI
$32.4K $6.75/SF
Area
Las Cruces, NM
Vacancy
5.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,740
Cap Rate 7%
$462,671
Cap Rate 9%
$359,856
Alternative Uses
Best Use
Warehouse
$462.7K
$404.8K – $539.8K
NOI $32,387 @ 7.0% cap · market cap 6.24%
Second Best
Flex RnD
$450.1K
$393.8K – $525.1K
NOI $31,506 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$840.0K
$735.0K – $980.0K
NOI $58,798 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 88005, NM
26,997
Population
12,039
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
150.9 sq mi
ZIP Area
179
Density / Sq Mi
$51,770
Median Household Income
$28,908
Median Earnings
$899
Median Rent
$207,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A separate enclosed yard provides outdoor space alongside the building.
Where is this flex space located?
The property is located at 889 North 14th Street Las Cruces, NM.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Approximately ±4,800 SF of industrial office/warehouse space; Clear heights range from 16 to 18 feet; Three grade‑level roll‑up doors
