Commercial Real Estate Market in Mesilla, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3 active listings and 53 off-market properties in Mesilla, NM.
Market Trends
Mesilla, NM spans 0.6 square miles in Dona Ana County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mesilla, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Mesilla, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Mesilla, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Mesilla, NM asks $200/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 92.5%
- Open space 4.9%
- Commercial 2.6%
Largest Zones share of zoned land by district
Rural Farm
Residential And Agricultural
Historical Residential
Single Family Residential
Park
Mesilla, NM zones 3,337 acres across 7 districts. Commercial zoning covers 2.6% of zoned land, residential 92.5% and open space 4.9%. The largest single district is Rural Farm at 73%. For commercial buyers the practical constraint is that only 2.6% of land carries a commercial or industrial designation.
Rural Farm (RF)
This zone is intended for the maintenance of low residential densities, for the preservation of agricultural uses and for the continuance of agriculturally related industries and activities
Market overview
Demographics & Economy
Mesilla, NM has 718 residents in 370 households. Density runs 1,160 people per square mile. Median household income here is $66,300.
718
Population
370
Households
1.9
Avg Household Size
53
Median Age
42%
College-Educated
88%
High-School Grad
0.6 sq mi
ZIP Area
1,160
Density / Sq Mi
$66,300
Median Household Income
$0
Median Earnings
$0
Median Rent
$253,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Mesilla?
Commercial property in Mesilla, NM asks an average of $83 per square foot. Multifamily carries the highest asking price at $200/SF.
What zoning applies to commercial property in Mesilla?
Mesilla, NM zones 3,337 acres across 7 districts, of which 2.6% is commercial and 0% industrial. The largest single district is Rural Farm at 73% of zoned land. This zone is intended for the maintenance of low residential densities, for the preservation of agricultural uses and for the continuance of agriculturally related industries and activities Residential zoning covers 92.5% and open space 4.9%.
Where does Realmo's Mesilla market data come from?
Realmo compiles Mesilla, NM figures from 3 active sale listings, 53 tracked off-market properties, the current Mesilla zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Mesilla, NM. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,337 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
