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    1201 Fort Selden Rd Las Cruces, NM 88007

    Sponsored
    For Sale
    $1,254,000

    Prime 36-acre development site, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 36-acre property in Doña Ana County, New Mexico, presents a unique investment opportunity. Located at 1201 Fort Selden Rd, Las Cruces, NM 88007, this mixed-use land boasts a prime location, offering significant development potential. The property comprises two tracts, one featuring a former structure and a reactivatable water well with 3 acre-feet of water rights. Enjoy over 1,200 feet of frontage on Fort Selden Road, providing excellent visibility and accessibility. Additional access is available via Robeldo Vista Road, offering 500 feet of frontage and potential for rear development. The property's strategic location across from the historic Fort Selden & Museum and near a local winery provides exceptional visibility and proximity to established attractions. The property is zoned commercial and has an asking price of $1,254,000. Annual property taxes are approximately $1,500. APN numbers are 3002123301169 and 3002123341228. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a desirable location.

    Property Features for 1201 Fort Selden Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,568,160 SF

    HighLights

    • 36‑acre mixed‑use land in Doña Ana County, NM, with significant development potential.
    • Annual property taxes approximately $1,500.
    • 5‑acre parcel includes a reactivatable water well with 3 acre‑feet of water rights.
    • 1,200 feet of frontage on Fort Selden Road, plus 500 feet of frontage on Robeldo Vista Road.
    • Prime location near a local winery and the historic Fort Selden Museum.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Food Market Storage Facility Bar & Pub Garden Center

    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
    -106.9198295
    Latitude
    32.4828363

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    FAQs

    What type of property is this?
    Multifamily property - Prime 36-acre development site, mixed-use potential.
    Where is this multifamily property located?
    The property is located at 1201 Fort Selden Rd Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $1,254,000.
    What are key features of this property?
    This property features: 36-acre mixed-use land in Doña Ana County, NM, with significant development potential.; Annual property taxes approximately $1,500.; 5-acre parcel includes a reactivatable water well with 3 acre-feet of water rights.
    Request Owner's contact information
    1201 Fort Selden Rd Las Cruces, NM 88007
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    Las Cruces, NM 88007
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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
    1201 Fort Selden Rd Las Cruces, NM 88007
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