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    1630- Hickory Loop Las Cruces, NM 88005

    For Sale
    Contact for pricing

    63,800 SF Office Space, Multi-Tenant, NNN Lease

    Property size:
    63,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity encompasses a three-building, 63,800-square-foot office portfolio situated within the thriving Mesilla Valley Business Park in Las Cruces, New Mexico. The property features a mix of traditional office space and flex space, currently boasting an 81% occupancy rate across six tenants. The buildings are single-story structures, zoned C-2, offering significant potential for future growth and expansion. The portfolio sits on approximately 8.42 acres of fully developed commercial land, providing ample space for additional development or expansion of existing structures. The strategic location directly off Avenida de Mesilla, with high visibility from Interstate 10, ensures excellent accessibility and exposure. The property benefits from its proximity to major national hotel and restaurant chains, creating a vibrant and convenient environment for tenants and employees. The land parcels are also available for separate sale. This portfolio presents a compelling investment opportunity for those seeking a stable, income-producing asset with significant upside potential in a rapidly growing market. The property is located at 1630-1640 Hickory Loop, Las Cruces, NM 88005, within Doña Ana County.

    Property Features for 1630- Hickory Loop

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    63,800 SF
    Lot Size
    23,522 SF

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • Three‑building, 63,800‑square‑foot office portfolio in Las Cruces, NM's Mesilla Valley Business Park.
    • 81% occupancy with a mix of traditional and flex office space across six tenants.
    • Single‑story buildings on 8.42 acres of C‑2 zoned land, offering expansion potential.
    • High‑visibility location off Avenida de Mesilla, with easy I‑10 access.
    • Land parcels available for separate sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.79201027471
    Latitude
    32.292179497751

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    FAQs

    What type of property is this?
    Office Property / Space - 63,800 SF Office Space, Multi-Tenant, NNN Lease
    Where is this office property / space located?
    The property is located at 1630- Hickory Loop Las Cruces, NM.
    What are key features of this property?
    This property features: Three-building, 63,800-square-foot office portfolio in Las Cruces, NM's Mesilla Valley Business Park.; 81% occupancy with a mix of traditional and flex office space across six tenants.; Single-story buildings on 8.42 acres of C-2 zoned land, offering expansion potential.
    Request Owner's contact information
    1630- Hickory Loop Las Cruces, NM 88005
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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
    1630- Hickory Loop Las Cruces, NM 88005
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