300-310 Foster Rd Las Cruces, NM 88005
This exceptional commercial property, located at 300-310 Foster Road in Las Cruces, New Mexico, presents a compelling investment opportunity. Encompassing 7,367 square feet on a 3.05-acre lot, this office building, constructed in 1980 and renovated in 1990, is ideally situated in a vibrant area offering a blend of business and leisure amenities. Its central location provides easy access to major transportation routes and is in close proximity to New Mexico State University, ensuring access to a skilled workforce. The property is zoned C-2 and features a convenient drive-through, ample parking, and is in excellent condition, making it well-suited for a variety of uses, including a financial institution or professional office space. The surrounding area boasts diverse dining, cultural attractions, and unique shopping experiences, creating a thriving environment for businesses. The asking price for this strategically positioned property is $1,650,000. This presents a strong investment opportunity in the dynamic Las Cruces market, offering potential for significant growth and return. The property's combination of attractive features, strategic location, and existing infrastructure makes it an ideal choice for discerning investors seeking a high-value asset in a rapidly growing area. The property's excellent condition and existing drive-through further enhance its appeal and potential for immediate occupancy. This is a rare opportunity to acquire a well-maintained, centrally located commercial property in a desirable New Mexico market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.