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    15 Acres On Northrise Las Cruces, NM 88011

    For Sale
    Contact for pricing

    Prime Commercial Land, Two Parcels Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional offering presents two prime commercial land parcels in Las Cruces, New Mexico. Lot 1 encompasses approximately 5 acres with 100 feet of frontage on Northrise Drive, boasting C3 zoning. Lot 2 offers approximately 15 acres, also accessible from Northrise Drive, and zoned R4. The properties are situated on a major thoroughfare, adjacent to the signalized intersection of Rinconada Boulevard and Northrise Drive, approximately half a mile from Highway 70, a location with approximately 10,000 vehicles per day. Lot 1 benefits from excellent visibility from Highway 70. This strategic location places the land within a Dona Ana County Opportunity Zone, offering potential investment advantages. The area is thriving, with nearby amenities including Walmart, Walgreens, Verizon, Doña Ana Community College (DACC), Memorial Urgent Care, The Village at Northrise Assisted Living, and the Sonoma Creek residential community. This presents a unique opportunity to capitalize on the growth and development within this dynamic area. The parcels offer significant potential for a variety of commercial uses, given their size, zoning, and prime location. Serious inquiries are encouraged.

    Property Features for 15 Acres On Northrise

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.75043450642
    Latitude
    32.360007359527

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Two Parcels Available
    Where is this land located?
    The property is located at 15 Acres On Northrise Las Cruces, NM.
    (575) 521-1535
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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.

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    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.

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    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
    15 Acres On Northrise Las Cruces, NM 88011
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