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    181 Industrial Ave La Mesa, NM 88044

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    181 Industrial Ave La Mesa, NM 88044

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    Property Details for 181 Industrial Ave

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 20-acre industrial land parcel presents a unique opportunity for development in the thriving Santa Teresa, New Mexico market. Located at 181 Industrial Ave, this single-tenant property offers significant potential for various industrial uses. The expansive lot size provides ample space for construction of a large-scale facility or multiple smaller buildings, catering to a wide range of industrial needs. Situated in Doña Ana County, the property benefits from convenient access to major transportation routes, facilitating efficient logistics and distribution. The address is 181 Industrial Ave, Santa Teresa, NM 88044, offering a strategic location within a rapidly growing industrial sector. The property is classified as industrial land and is currently designated for single-tenant occupancy. With its substantial acreage and prime location, this property is ideal for businesses seeking to establish a significant presence in the region. The property's size and location make it an attractive investment for developers and businesses alike, offering the potential for substantial returns. The absence of existing buildings allows for complete customization to meet specific operational requirements. This presents a blank canvas for creating a state-of-the-art industrial facility tailored to the needs of a discerning tenant. The property's location in Santa Teresa provides access to a skilled workforce and a supportive business environment. This is a rare opportunity to acquire a large, strategically located industrial land parcel in a dynamic and expanding market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.771
    Latitude
    32.0828

    Comparable in this City

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      400.25 Acres

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    • Value Estimation by Request
      215,256 SF

      465 Industrial Ave

      Distribution properties • 215,256 SF
      465 Industrial Ave, Santa Teresa, NM 88044
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    • Value Estimation by Request
      1,669 SF

      220 Florida St

      INDUSTRIAL (GENERAL) • 1,669 SF
      220 Florida St, La Mesa, NM 88044
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    • Value Estimation
      $895,000
      9,878 SF

      110 Onnies Acres Rd, Unit 3

      INDUSTRIAL (GENERAL) • 9,878 SF
      110 Onnies Acres Rd, La Mesa, NM 88044
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    • Value Estimation by Request
      2,709 SF

      111 Chopes St

      INDUSTRIAL (GENERAL) • 2,709 SF
      111 Chopes St, La Mesa, NM 88044-9384
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    • Value Estimation by Request
      1,328 SF

      18617 Hwy 28

      INDUSTRIAL (GENERAL) • 1,328 SF
      18617 Hwy 28, La Mesa, NM 88044-9339
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    Similar Nearby for Sale

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      400 SF

      400 Acre Farm Land Available

      400 acre farm land with utilities available for sale.
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      Two mobile homes on 0.89 acres with pecan trees.
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    Similar Nearby for Lease

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      Land For Rent

      Single tenant land available for rent, 15 acres.
      181 Industrial Ave, Santa Teresa, NM 88044
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      Modern Industrial Facility Near Border

      Class A industrial building with expansion potential near U.S.-Mexico border.
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      20 SF

      Industrial Land Near Santa Teresa

      20 acres of industrial land adjacent to Santa Teresa Port.
      201 Industrial Ave, Santa Teresa, NM 88044
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    La Mesa, NM 88044
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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