Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2650 Mall Dr Las Cruces, NM 88011

    Sponsored
    For Sale
    $616,780

    1.4 Acres Near Mesilla Valley Mall

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 1.418-acre vacant land parcel presents a compelling investment opportunity in a prime Las Cruces location. Situated at 2650 Mall Dr, in Doña Ana County, New Mexico (zip code 88011), this property enjoys unparalleled visibility and accessibility. Its strategic placement directly adjacent to Buffalo Wild Wings and across from the bustling Mesilla Valley Mall ensures high traffic volume and significant exposure. Currently zoned O-2, the land offers considerable development potential, catering to a wide range of commercial ventures. The property's size and location make it ideal for businesses seeking a high-profile presence in a rapidly growing area. With its convenient access to major roadways and proximity to a thriving retail center, this parcel represents a rare chance to capitalize on the area's robust economic activity and strong growth prospects. The latitude and longitude coordinates are 32.306818, -106.742281, respectively. The asking price for this exceptional property is $616,780. This is a remarkable opportunity to acquire a strategically located parcel in a dynamic market. Further information is available upon request.

    Property Features for 2650 Mall Dr

    General Information

    Property type
    Land
    Lot Size
    61,768 SF

    We can help!

    Listing Contact
    Jacob Garland
    Jacob Garland

    Learn more

    Property Insight Report

    HighLights

    • $616,780 asking price.
    • 1.418‑acre land parcel.
    • O‑2 zoning.
    • Located across from Mesilla Valley Mall, adjacent to Buffalo Wild Wings in Las Cruces, NM.
    • Excellent growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -106.742281
    Latitude
    32.306818

    Nearby Similar for Sale

    • $375,000
      Pending

      Southwestern Adobe Home with Casita

      Charming Southwestern adobe home and casita on 1.99 acres.
      11200 Windflyer Ln, Las Cruces, NM 88007
      View Details
    • $234,000
      Pending

      Las Cruces Triplex Investment Opportunity

      Triplex near NMSU with development potential and income generation.
      1140 S Mesquite St, Las Cruces, NM 88001
      View Details
    • $330,000
      0.16 Acres

      Solar-Powered Duplex Near Downtown

      Duplex near downtown Las Cruces, great investment or multi-generational living.
      420 El Molino Blvd, Las Cruces, NM 88005
      View Details
    • $1,040,000
      5,170 SF

      Las Cruces Retail/Office Property

      Retail and office space available for purchase in Las Cruces.
      199 W Willoughby Ave, Las Cruces, NM 88001
      View Details
    • New
      $210,000
      1,789 SF

      Commercial Office Building with Apartment

      Commercial office with studio apartment on a busy street.
      1000 E Lohman Ave, Las Cruces, NM 88001
      View Details
    • $425,000
      0.14 Acres

      High-Traffic Commercial Property, Las Cruces

      Prominent corner lot with high visibility and income potential.
      1590 E Lohman Ave, Las Cruces, NM 88001
      View Details
    • $450,000
      0.19 Acres

      Remodeled Duplex in Las Cruces

      Completely remodeled duplex, ideal for investors or owner-occupants.
      1212 Brownlee Ave, Las Cruces, NM 88005
      View Details
    • New
      $339,000
      0.18 Acres

      Historic Adobe Home, Mixed-Use Potential

      Charming adobe home in historic district, ideal for mixed-use.
      606 N Mesquite St, Las Cruces, NM 88001
      View Details
    • $129,000
      0.16 Acres

      Las Cruces Land Opportunity

      0.16-acre lot with mobile home in Las Cruces, NM.
      250 Broadview Ct, Las Cruces, NM 88005
      View Details
    • New
      $478,350
      0.47 Acres

      Well-Maintained 7-Unit Complex

      Impeccably maintained 7-unit complex near downtown Las Cruces.
      1040 N Mesilla St, Las Cruces, NM 88005
      View Details
    • $230,000
      0.17 Acres

      Las Cruces Triplex Investment

      Triplex with three 1-bedroom units and detached garage.
      1145 N Main St, Las Cruces, NM 88005
      View Details
    • $179,900
      1.22 Acres

      Mesilla Park Acreage with Mobile Homes

      1.22 acre property with two mobile homes in Mesilla Park.
      1367 Missionary Rdg Rd, Mesilla Park, NM 88047
      View Details

    FAQs

    What type of property is this?
    Land - 1.4 Acres Near Mesilla Valley Mall
    Where is this land located?
    The property is located at 2650 Mall Dr Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $616,780.
    What are key features of this property?
    This property features: $616,780 asking price.; 1.418-acre land parcel.; O-2 zoning.
    (575) 202-0429
    Request Owner's contact information
    2650 Mall Dr Las Cruces, NM 88011
    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.
    2650 Mall Dr
    Las Cruces, NM 88011
    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
    2650 Mall Dr Las Cruces, NM 88011
    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!
    Listing Contact
    Jacob Garland
    Jacob Garland
    Real Estate License ID: NM 44202
    (575) 202-0429
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.