Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    195 N Mesquite St Las Cruces, NM 88001

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey restaurant opportunity with real estate and equipment included.

    Type:Business for Sale, Retail
    Property size:
    1,971 SF
    Added:
    May 24, 2024
    Days on Market:
    698
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 195 N Mesquite St

    General Information

    Standard status
    Active
    Size
    1,971 SF
    Property subtype
    Business for Sale, Retail

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Jacob Garland

    Listing agent Jacob Garland License #NM 44202

    Listing office Steinborn Commercial Real Estate

    Listing date May 24, 2024

    Source Crexi

    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 Steinborn Commercial Real Estate

    Overview

    Established Restaurant Business For Sale

    La Nueva Casita Café is now for sale, including the business, equipment, and real estate. The property is a restaurant, voted #1 best restaurant in Las Cruces on TripAdvisor, Google, and Yelp. It was also voted 2nd best menudo in the world by TasteAtlas. The building has a size of 1971 square feet. The owners will consider owner financing with a large down payment. Outside sheds are negotiable, and the Alto-Shaam electric oven does not convey. Call for financials and more details. Do not disturb employees; please call to schedule a showing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Nueva Casita ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.7740535
    Latitude
    32.3112402

    Nearby Similar for Sale

    • $450,000

      Las Cruces Commercial Space

      High-visibility commercial space suitable for retail, office, or service use.
      6185 Bataan Memorial W, Las Cruces, NM 88012
      View Details
    • $1,950,000

      High-Traffic Gas Station & C-Store

      Turnkey gas station and convenience store in booming Las Cruces.
      5701 N Jornada Road, Las Cruces, NM 88012
      View Details
    • $399,000

      High-Traffic Commercial Property, Las Cruces

      Prominent corner lot ideal for retail or office use.
      1590 E Lohman Ave., Las Cruces, NM 88001
      View Details
    • $800,000

      Las Cruces Multifamily Investment Property

      Five income-producing units on 2.71 acres in Las Cruces.
      311 Hurt Road, Las Cruces, NM 88007
      View Details
    • $389,000

      Well-Maintained Fourplex in Las Cruces

      Fourplex with strong rental appeal near schools and shopping.
      1981 Embassy Drive unit: A, B, C, D, Las Cruces, NM 88005
      View Details
    • $299,000

      Las Cruces Multifamily Investment Opportunity

      Two container units on .29-acre lot, excellent condition, turnkey investment.
      416 Palm Avenue, Las Cruces, NM 88001
      View Details
    • $120,000

      Las Cruces Commercial Opportunity

      Commercial property near downtown Las Cruces, ideal for retail or office.
      2165 Chiquita Street, Las Cruces, NM 88001
      View Details
    • $1,350,000

      Las Cruces Four-Plex Investment

      Four luxury units near Sonoma Ranch Golf Course.
      1263 Mission Nuevo Drive, Las Cruces, NM 88011
      View Details
    • $199,500

      Las Cruces Horse Property

      Nearly 6-acre horse property with mountain views near city.
      10121 Horace Lane, Las Cruces, NM 88011
      View Details
    • $115,000

      Land in Las Cruces, NM

      Land for sale in Las Cruces, New Mexico.
      1311 Vista Del Cerro, Las Cruces, NM 88007
      View Details
    • $299,000

      Las Cruces Multi-Unit Investment

      Multi-unit property with income potential in Las Cruces, NM.
      439 N Alameda Boulevard, Las Cruces, NM 88005
      View Details
    • $1,150,000

      Las Cruces Industrial Opportunity

      Industrial property with two buildings and ample storage space.
      375 N Compress Road, Las Cruces, NM 88005
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant opportunity with real estate and equipment included.
    Where is this conventional restaurant located?
    The property is located at 195 N Mesquite St Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Includes business, equipment, and real estate.; Voted #1 best restaurant in Las Cruces on TripAdvisor, Google, and Yelp.; Owner financing is an option with a large down payment.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jacob Garland
    Real Estate License ID: NM 44202
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!