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

    2300- Main St Las Cruces, NM 88001

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail/office space available on N Main St.

    Lot size:
    4,863 SF

    Property Features for 2300- Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,863 SF

    Spaces For Lease

    at 2300- Main St, Las Cruces, NM 88001 Contact us

    We can help!

    Listing Contact
    Michael Pace
    Michael Pace

    Listing Agency: MIMCO Commercial Real Estate Managment & Investment Listing Agent: Michael Pace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Madrid Retail Center I & II offers exceptional retail and office space for lease, boasting a prime location on bustling N Main Street. This multi-tenant property features four available units, each ranging in size from 1,200 to 1,263 square feet, providing flexible space suitable for a variety of businesses. The center's strategic placement on N Main Street ensures high visibility and excellent accessibility for customers and employees. This thriving commercial area is surrounded by established businesses including Paco's Tacos, Lowe's Fiesta Foods, and Dollar Tree, creating a vibrant and attractive environment for new tenants. The property is zoned C-3, allowing for a diverse range of commercial uses. The available spaces present a unique opportunity to establish or expand a business in a high-traffic location with strong neighboring businesses. The flexible floor plans allow for customization to meet individual business needs. This is an ideal location for businesses seeking high visibility and convenient access in a well-established commercial area within the United States. Contact the property management for more information and scheduling a viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    United State
    State
    New Mexico
    Longitude
    -106.78262930605
    Latitude
    32.326878057372

    Nearby Similar for Lease

    • $3,000 /Mo
      1,742 SF

      Las Cruces Quick-Lube Facility

      2-bay quick-lube facility for lease in Las Cruces.
      2001 S Valley Dr, Las Cruces, NM 88005
      View Details
    • $1,350 /Mo
      16,117 SF

      Las Cruces Retail/Office Space

      Move-in ready retail/office space in a high-traffic location.
      1900 S Telshor Blvd Unit, Las Cruces, NM 88011
      View Details
    • $900 /Mo
      10,890 SF

      Las Cruces Commercial Flex Space

      Flex space with storage in secure, gated Las Cruces location.
      1430 E Thorpe Rd, Las Cruces, NM 88012
      View Details
    • $600,000
      16,988 SF

      Downtown Las Cruces Mixed-Use Property

      Remodeled mixed-use property in revitalized downtown Las Cruces.
      506 E May Ave, Las Cruces, NM 88001
      View Details
    • Contact for pricing

      Amigo

      Commercial Building corner Of Valley and Picacho Avenue
      1560 Picacho Ave, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      34,794 SF

      Telshor Boulevard Retail Space

      34,794 SF retail space with high visibility and access.
      700 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near I-25

      Retail space in a high-traffic area near I-25.
      1850 Bataan Memorial E, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      6,735 SF

      Former Retail Box Available

      Available retail space in Las Cruces, New Mexico.
      1900 Bataan Memorial, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near I-25

      Retail space in a high-traffic area near I-25.
      2841 N Telshor Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      34,794 SF

      Mesilla Valley Mall Retail Space

      Former Conn’s box available at Mesilla Valley Mall.
      5000 Mesilla Vly, Las Cruces, NM
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Las Cruces

      5,000 SF retail space available for lease.
      2750 Mall Dr, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Warehouse Space for Lease

      Retail and warehouse space with great visibility and storage.
      384 S Melendres St, Las Cruces, NM 88005
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime retail/office space available on N Main St.
    Where is this office property / space located?
    The property is located at 2300- Main St Las Cruces, NM.
    What are key features of this property?
    This property features: Retail and office space available for lease in Madrid Retail Center I & II.; Four suites available, ranging from 1,200 to 1,263 square feet.; Located on N Main St with high visibility and accessibility.
    (915) 893-8888 Call to check price and availability
    Request Owner's contact information
    2300- Main St Las Cruces, NM 88001
    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.
    2300- Main St
    Las Cruces, NM 88001
    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
    2300- Main St Las Cruces, NM 88001
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Pace
    Michael Pace
    Real Estate License ID: 632882
    (915) 893-8888 (915) 777-9552
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!