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    250 Mills Ave Las Vegas, NM 87701

    For Lease
    $10 SF/Yr

    High-traffic Las Vegas, NM office suites.

    Lot size:
    67,862 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Mills Plaza offers exceptional office space in a prime Las Vegas, New Mexico location. This single-story retail and office center boasts 67,862 square feet of total building space, with multiple suites available for lease. The largest contiguous space measures 8,748 square feet, while smaller units range from approximately 600 to 8,500 square feet, providing flexibility for various business needs. The property enjoys a high-traffic location adjacent to a major intersection, benefiting from excellent visibility and accessibility. Mills Plaza is anchored by established businesses including Big R, AutoZone, Family Dollar, and FEMA, creating a strong tenant mix and a vibrant commercial environment. Recent improvements under new ownership have significantly enhanced the property's appeal, including the installation of new storefront glass, energy-efficient LED parking lot lighting, and upgrades to the HVAC system and roofing. This revitalized center presents a compelling opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving community near Highland University. The property is situated on Hot Springs Blvd./SR65, ensuring easy access for employees and customers alike. Twelve spaces are currently available, offering a diverse selection to suit a range of business sizes and requirements.

    Property Features for 250 Mills Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,862 SF
    Total Rate
    56551.67

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    212
    Size
    2,536 SF
    Rate per SF
    $16
    Space
    238
    Size
    1,310 SF
    Rate per SF
    $16
    Space
    242
    Size
    1,033 SF
    Rate per SF
    $16
    Space
    234
    Size
    1,010 SF
    Rate per SF
    $16
    Space
    240
    Size
    988 SF
    Rate per SF
    $16
    Space
    228
    Size
    763 SF
    Rate per SF
    $16
    Space
    232
    Size
    648 SF
    Rate per SF
    $16
    Space
    226
    Size
    616 SF
    Rate per SF
    $16
    Space
    230
    Size
    572 SF
    Rate per SF
    $16
    Space
    220
    Size
    2,693 SF
    Rate per SF
    $16
    Space
    224
    Size
    1,884 SF
    Rate per SF
    $16
    Space
    244
    Size
    1,808 SF
    Rate per SF
    $16

    HighLights

    • High‑traffic Mills Plaza location in Las Vegas, NM, anchored by national tenants.
    • Prime location near a major intersection and Highland University.
    • Recently renovated with new storefront glass, LED lighting, HVAC, and roof improvements.
    • Multiple suites available, ranging from 600 to 8,500 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mills Plaza Laundromat Laundromat Ultra Health Dispensary ... Cannabis Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.23294029753
    Latitude
    35.600394377295

    Nearby Comparable

    • Contact for pricing
      8,748 SF

      Las Vegas Retail Space Available

      Retail space for lease in a busy Las Vegas shopping center.
      212-250 Mills Ave, Las Vegas, NM 87701
      View Details
    • $12 SF/Yr
      17,500 SF

      Downtown Las Vegas Retail/Flex Space

      Retail/flex property in Downtown Las Vegas, near Highlands University.
      804 Douglas Ave, Las Vegas, NM 87701
      View Details
    • $12 SF/Yr
      929 SF

      Retail Space Near Walmart

      Retail space available across the street from Walmart Supercenter.
      2500 7Th St, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      3,688 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      2510 7Th St, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      1,024 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      2514 7Th St, Las Vegas, NM 87701
      View Details
    • $38 SF/Yr
      2,000 SF

      New Retail Space Near Walmart

      Shell condition retail space in prime location, available June 2025.
      3280-3290 Rinconada Blvd, Aurora, NM
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      8,748 SF

      Las Vegas Retail Space Available

      Retail space for lease in a busy Las Vegas shopping center.
      212-250 Mills Ave, Las Vegas, NM 87701
      View Details
    • $12 SF/Yr
      929 SF

      Retail Space Near Walmart

      Retail space available across the street from Walmart Supercenter.
      2500 7Th St, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      1,024 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      2514 7Th St, Las Vegas, NM 87701
      View Details
    • Contact for pricing
      3,688 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      2510 7Th St, Las Vegas, NM 87701
      View Details
    • $12 SF/Yr
      17,500 SF

      Downtown Las Vegas Retail/Flex Space

      Retail/flex property in Downtown Las Vegas, near Highlands University.
      804 Douglas Ave, Las Vegas, NM 87701
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic Las Vegas, NM office suites.
    Where is this restaurant located?
    The property is located at 250 Mills Ave Las Vegas, NM.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High-traffic Mills Plaza location in Las Vegas, NM, anchored by national tenants.; Prime location near a major intersection and Highland University.; Recently renovated with new storefront glass, LED lighting, HVAC, and roof improvements.
    Request Owner's contact information
    250 Mills Ave Las Vegas, NM 87701
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    Las Vegas, NM 87701
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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
    250 Mills Ave Las Vegas, NM 87701
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