Las Cruces Retail
For Sale
Contact for pricing
980 N Telshor Blvd, Las Cruces, NM
Retail property available for sale in Las Cruces, New Mexico.
Property Size20,557 SF
Lot Size1.44 Acres
Price / SF$189.72
Days on Market471
Property Features for 980 N Telshor Blvd
General Information
Standard status
Active
Size
20,557 SF
Lot size
1.44 Acres
Property subtype
RETAIL
Listing Agency:
Pinnacle Investment Properties
(575) 532-1290
Listed By:
Alan Chastine · License #16855
(575) 496-3122
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Oct 7
Last Checked: Oct 20 at 8:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Investment Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property, located in Las Cruces, New Mexico, offers 20,557 square feet of space. The property is suitable for retail and other retail purposes.
Key Highlights
- Retail property
- Available for sale
- Located in Las Cruces, New Mexico
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,808
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,336,160
$3.3M
Cap Rate 7%
$2,382,971
$2.4M
Cap Rate 9%
$1,853,422
$1.9M
Market Conditions
NOI Build-Up for 20,557 SF
Gross rent
$259.0K $12.60/SF
− Vacancy
−$20.7K −$1.01/SF
EGI
$238.3K $11.59/SF
− OpEx
−$71.5K −$3.48/SF
NOI
$166.8K $8.11/SF
Area
Las Cruces, NM
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,336,160
Cap Rate 7%
$2,382,971
Cap Rate 9%
$1,853,422
Alternative Uses
Best Use
Retail
$2.38M
$2.09M – $2.78M
NOI $166,808 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $251,815 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in Las Cruces, New Mexico.
Where is this retail property located?
The property is located at 980 N Telshor Blvd Las Cruces, NM.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Retail property; Available for sale; Located in Las Cruces, New Mexico
