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    Morning Star Dr Las Cruces, NM 88011

    For Sale
    $1,176,555

    7.4 Acres, PUD Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 7.4-acre development site in Las Cruces, New Mexico, presents a unique investment opportunity. Located in Doña Ana County, with the address of Morningstar Dr, zip code 88011, and APN numbers 4-009-132-220-187, 4-009-132-220-239, and 4-009-132-260-267, this property boasts a prime location adjacent to Las Cruces' largest master-planned community and the recently constructed Haciendas at Grace Village, an assisted living and memory care facility. Its proximity to various grade schools and grocery stores enhances its appeal. The property's PUD zoning allows for considerable flexibility in density and use, making it ideal for a variety of development projects. Consideration for a senior care continuum, multifamily residential, or condominium development is strongly suggested given the surrounding infrastructure and demographics. The asking price for this remarkable land parcel is $1,176,555. This presents a compelling opportunity to capitalize on the growing demand for housing and senior care services in a thriving New Mexico community. The property's strategic location and flexible zoning regulations offer significant potential for long-term growth and profitability. This is a rare chance to acquire a substantial tract of land in a highly desirable area, poised for significant development.

    Property Features for 0 Morning Star Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    322,344 SF

    HighLights

    • $1,176,555 asking price for 7.4 acres of land zoned PUD.
    • Adjacent to Las Cruces' largest master‑planned community.
    • Next to the Haciendas at Grace Village assisted living and memory care facility.
    • Close to schools and grocery stores.
    • Suitable for senior care, multifamily, or condominium development.
    • PUD zoning allows flexible density and use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7446673
    Latitude
    32.3495891

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    FAQs

    What type of property is this?
    Multifamily property - 7.4 Acres, PUD Zoning, Prime Location
    Where is this multifamily property located?
    The property is located at Morning Star Dr Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,176,555.
    What are key features of this property?
    This property features: $1,176,555 asking price for 7.4 acres of land zoned PUD.; Adjacent to Las Cruces' largest master-planned community.; Next to the Haciendas at Grace Village assisted living and memory care facility.
    (575) 521-1535
    Request Owner's contact information
    Morning Star Dr Las Cruces, NM 88011
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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
    Morning Star Dr Las Cruces, NM 88011
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