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    & Picacho Cor Of Vly Las Cruces, NM 88005

    For Sale
    Contact for pricing

    Prime 1.04-acre commercial lot in West Las Cruces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.04-acre commercial land parcel presents a unique investment opportunity in a high-traffic area of West Las Cruces, New Mexico. Situated at the northeast corner of Valley Drive and Picacho Avenue, this property benefits from exceptional visibility and accessibility. The lot is zoned for commercial use and boasts city utilities, making it ideal for a variety of development projects. Its strategic location near Mayfield High School and adjacent to a Sonic Restaurant ensures consistent foot and vehicle traffic. Daily traffic counts on Valley Drive and Picacho Avenue are impressive, registering 19,639 and 18,370 vehicles respectively, highlighting the significant potential for business growth. The land is priced competitively at $10 per square foot, representing an attractive return on investment given its prime location and high traffic volume. This property is situated at one of the busiest intersections in West Las Cruces, drawing from a large trade area, making it an excellent choice for businesses seeking high visibility and accessibility. The 88005 zip code further underscores its desirability within the Las Cruces market. Don't miss this chance to acquire a highly sought-after commercial property in Doña Ana County.

    Property Features for & Picacho Cor Of Vly

    General Information

    Property type
    Land
    Lot Size
    45,302 SF

    HighLights

    • High‑traffic location near Mayfield High School.
    • Excellent visibility adjacent to Sonic Drive‑In.
    • High daily traffic counts: 19,639 on Valley Drive and 18,370 on Picacho Avenue.
    • 1.04‑acre commercially zoned lot.
    • City utilities readily available.
    • Situated at a major West Las Cruces intersection with a large trade area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7969227
    Latitude
    32.3129141

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    FAQs

    What type of property is this?
    Land - Prime 1.04-acre commercial lot in West Las Cruces.
    Where is this land located?
    The property is located at & Picacho Cor Of Vly Las Cruces, NM.
    What are key features of this property?
    This property features: High-traffic location near Mayfield High School.; Excellent visibility adjacent to Sonic Drive-In.; High daily traffic counts: 19,639 on Valley Drive and 18,370 on Picacho Avenue.
    (575) 521-1535
    Request Owner's contact information
    & Picacho Cor Of Vly Las Cruces, NM 88005
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    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
    & Picacho Cor Of Vly Las Cruces, NM 88005
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