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    300 Walnut St Las Cruces, NM 88001

    Sponsored
    For Sale
    $1,380,852

    6.34 Acres, M-2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 6.34-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Las Cruces, New Mexico. Located at 300 S Walnut St, this property boasts an enviable M-2 zoning designation, unlocking a wide array of development possibilities. Its strategic location near major retail establishments ensures high visibility and accessibility, benefiting from significant traffic flow at a busy intersection. The surrounding area demonstrates strong demographics, with a population exceeding 117,000 within a 5-mile radius and an average household income of $60,716, creating a robust potential customer base. This property is ideal for developers seeking to construct a build-to-suit project or investors looking for a high-return venture. The asking price for this prime commercial land is $1,380,852. Situated in Doña Ana County, with a zip code of 88001, this 6.34-acre lot offers unparalleled potential for growth and profitability in a dynamic and expanding market. The property's location provides easy access and maximum visibility, making it an exceptional opportunity for businesses seeking a prominent presence in Las Cruces. Don't miss this chance to acquire a piece of prime commercial real estate in a rapidly growing area. Detailed information and site plans are available upon request.

    Property Features for 300 Walnut St

    General Information

    Property type
    Land
    Lot Size
    276,170 SF

    HighLights

    • $1,380,852 asking price.
    • 6.34‑acre commercial land parcel.
    • M‑2 zoning.
    • Located at 300 S Walnut St, Las Cruces, NM 88001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Lizard, LLC Landscaper Happy Haul Dumpster ... Dumpster Rental Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    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
    -106.757
    Latitude
    32.3134

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    FAQs

    What type of property is this?
    Land - 6.34 Acres, M-2 Zoning, Prime Location
    Where is this land located?
    The property is located at 300 Walnut St Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,380,852.
    What are key features of this property?
    This property features: $1,380,852 asking price.; 6.34-acre commercial land parcel.; M-2 zoning.
    (575) 523-6000
    Request Owner's contact information
    300 Walnut St Las Cruces, NM 88001
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    Las Cruces, NM 88001
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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
    300 Walnut St Las Cruces, NM 88001
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