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    2.51 Acres Northrise Dr Las Cruces, NM 88011

    For Sale
    $320,000

    Prime 2.51-acre commercial lot in Las Cruces, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.51-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Las Cruces market. Situated on Northrise Drive in Doña Ana County, zip code 88011, this property boasts a highly desirable location within a thriving commercial area. The lot's strategic placement offers unparalleled access to a robust consumer base, fueled by the presence of major retailers and national chains. Nearby establishments include a newly constructed Walmart Supercenter, further solidifying the area's strong retail presence. Additional nearby businesses include Sam's Club, Walgreens, Wendy's, and Dutch Bros Coffee, indicating a high concentration of consumer traffic and established commercial activity. This prime location within one of Las Cruces' fastest-growing submarkets makes this property ideal for a wide range of commercial developments, offering significant potential for future growth and return on investment. The asking price for this exceptional opportunity is $320,000. The property's coordinates are 32.35766 latitude and -106.75083 longitude. This is a rare chance to acquire a substantial commercial land parcel in a dynamic and expanding market.

    Property Features for 0 2.51 Acres Northrise Dr

    General Information

    Property type
    Land
    Lot Size
    109,336 SF

    HighLights

    • $320,000 asking price.
    • 2.51 acres of commercial land.
    • Located in a rapidly growing Las Cruces submarket.
    • Proximity to a new Walmart Supercenter, Sam's Club, Walgreens, Wendy's, and Dutch Bros.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.75083
    Latitude
    32.35766

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    FAQs

    What type of property is this?
    Land - Prime 2.51-acre commercial lot in Las Cruces, NM.
    Where is this land located?
    The property is located at 2.51 Acres Northrise Dr Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: $320,000 asking price.; 2.51 acres of commercial land.; Located in a rapidly growing Las Cruces submarket.
    (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.

    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
    2.51 Acres Northrise Dr Las Cruces, NM 88011
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