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    5906 El Llano Rd Las Cruces, NM 88012

    Sponsored
    For Sale
    $250,000

    3.29 Acres, R2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.29-acre parcel in Doña Ana County, New Mexico, presents a remarkable opportunity for developers and investors alike. Located at 5906 El Llano Rd, Las Cruces, NM 88012 (32.3991627, -106.7002896), this property boasts R2 multifamily zoning, making it perfectly suited for the construction of residential housing. The land offers stunning mountain views and is conveniently situated with easy access to I-25, providing quick commutes to downtown Las Cruces, hospitals, schools, and various retail establishments. All utilities are readily available on-site, simplifying the development process. Priced at $250,000, this represents a significant value proposition given the land's size, zoning, and prime location within a growing community. The property's strategic location and zoning regulations make it an ideal investment for those seeking to capitalize on the increasing demand for housing in the Las Cruces area. This is a rare opportunity to acquire a substantial tract of land with significant development potential. Don't miss out on this chance to secure a valuable asset in a thriving market.

    Property Features for 5906 El Llano Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    143,312 SF

    HighLights

    • $250,000 asking price.
    • 3.29‑acre lot.
    • R2 multi‑family zoning.
    • Located in Las Cruces, NM, at 5906 El Llano Rd, Doña Ana County, zip code 88012.
    • Ideal for housing development or investment.
    • Utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7002896
    Latitude
    32.3991627

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    FAQs

    What type of property is this?
    Multifamily property - 3.29 Acres, R2 Zoning, Prime Location
    Where is this multifamily property located?
    The property is located at 5906 El Llano Rd Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price.; 3.29-acre lot.; R2 multi-family zoning.
    (575) 644-7254
    Request Owner's contact information
    5906 El Llano Rd Las Cruces, NM 88012
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    Realmo Value Estimation

    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.

    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.

    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
    5906 El Llano Rd Las Cruces, NM 88012
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