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    Roadrunner Pkwy Las Cruces, NM 88012

    Sponsored
    For Sale
    $1,045,000

    6-Acre Tract, Prime Location, $1.045M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.07-acre multifamily land parcel presents a unique investment opportunity in Las Cruces, New Mexico. Situated along Roadrunner Parkway, the property boasts direct frontage and convenient access, making it highly visible and easily accessible. The site is ideally positioned within a growth corridor for multifamily and institutional office developments, surrounded by complementary uses such as assisted living facilities, daycares, apartment complexes, and government agencies. Its proximity to the Sonoma Ranch Golf Community adds to its desirability. Nearby amenities include a Walmart Supercenter, public parks, public schools, and convenient access to Highway 70. The highest and best use for this property is projected to be an assisted living facility or an apartment complex, capitalizing on the strong demand for housing in this thriving area. The asking price is $1,045,000. This represents a compelling opportunity for owner/users seeking to develop a significant multifamily project in a prime Las Cruces location within Doña Ana County, zip code 88012. The property's location and surrounding infrastructure make it an attractive investment with significant potential for future growth and return.

    Property Features for 0 Roadrunner Pkwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    264,409 SF

    HighLights

    • Excellent site for multi‑family and assisted living development.
    • Located in a growth corridor for multi‑family and institutional office users.
    • Situated near the Sonoma Ranch Golf Community.
    • Conveniently located near a Walmart Supercenter, public parks, public schools, and Highway 70.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7548247
    Latitude
    32.3555972

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    FAQs

    What type of property is this?
    Multifamily property - 6-Acre Tract, Prime Location, $1.045M
    Where is this multifamily property located?
    The property is located at Roadrunner Pkwy Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,045,000.
    What are key features of this property?
    This property features: Excellent site for multi-family and assisted living development.; Located in a growth corridor for multi-family and institutional office users.; Situated near the Sonoma Ranch Golf Community.
    (575) 521-1535
    Request Owner's contact information
    Roadrunner Pkwy Las Cruces, NM 88012
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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
    Roadrunner Pkwy Las Cruces, NM 88012
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