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Property profile & analytics
OFF-MARKET
Land

0 Morning Star Dr Las Cruces, NM 88011

7.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.4-acre development site in Las Cruces, New Mexico, presents a unique investment opportunity. Located in Doña Ana County, with the address of Morningstar Dr, zip code 88011, and APN numbers 4-009-132-220-187, 4-009-132-220-239, and 4-009-132-260-267, this property boasts a prime location adjacent to Las Cruces' largest master-planned community and the recently constructed Haciendas at Grace Village, an assisted living and memory care facility. Its proximity to various grade schools and grocery stores enhances its appeal. The property's PUD zoning allows for considerable flexibility in density and use, making it ideal for a variety of development projects. Consideration for a senior care continuum, multifamily residential, or condominium development is strongly suggested given the surrounding infrastructure and demographics. The asking price for this remarkable land parcel is $1,176,555. This presents a compelling opportunity to capitalize on the growing demand for housing and senior care services in a thriving New Mexico community. The property's strategic location and flexible zoning regulations offer significant potential for long-term growth and profitability. This is a rare chance to acquire a substantial tract of land in a highly desirable area, poised for significant development.

Property profile
Verified
Property type Land
Lot 7.4 ac (322,344 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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