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    4750 Del Rey Blvd Las Cruces, NM 88012

    Sponsored
    For Sale
    $1,275,000

    Prime residential development land, 25.7 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25.7-acre parcel in Las Cruces, New Mexico, presents a compelling investment opportunity. Located at 4750 Del Rey Blvd, 88012, this property boasts a highly desirable location, offering convenient access to both commercial services and established residential subdivisions. The land's strategic position at the corner of Del Rey Blvd and Tucson Avenue (east side of Del Rey) ensures high visibility and accessibility. Its history includes prior approval as a residential subdivision, "Desert Isles," encompassing 69 lots, each approximately one-third of an acre. Further development potential has been explored, including a townhouse subdivision plan proposing approximately 145 lots. This versatile property offers significant flexibility for various development scenarios, making it an attractive prospect for developers seeking a prime location with a proven track record of residential viability. The asking price is $1,275,000. The property is situated in Doña Ana County and is easily accessible for viewing. This raw land presents a unique chance to capitalize on the growing Las Cruces market.

    Property Features for 4750 Del Rey Blvd

    General Information

    Property type
    Land
    Lot Size
    1,119,492 SF

    HighLights

    • $1,275,000 asking price.
    • 25.7‑acre residential land parcel.
    • Located in Las Cruces, NM, at 4750 Del Rey Blvd, 88012.
    • Previously approved for a 69‑lot residential subdivision; potential for a 145‑lot townhouse development.
    • Convenient location near commercial services and residential areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Auto Repair Shop Gym & Fitness Auto Parts Store Skin Care Clinic Kitchen & Bath Food Market Accounting Firm

    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
    -106.7880729
    Latitude
    32.3785799

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    FAQs

    What type of property is this?
    Land - Prime residential development land, 25.7 acres.
    Where is this land located?
    The property is located at 4750 Del Rey Blvd Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: $1,275,000 asking price.; 25.7-acre residential land parcel.; Located in Las Cruces, NM, at 4750 Del Rey Blvd, 88012.
    Request Owner's contact information
    4750 Del Rey Blvd 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
    4750 Del Rey Blvd Las Cruces, NM 88012
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