Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3400 Picacho Ave Mesilla, NM 88005

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3400 Picacho Ave Mesilla, NM 88005

    View on Map
    • Land
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3400 Picacho Ave

    Lot size
    0.50 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in the vibrant West Las Cruces area. Located at 3400 W Picacho Ave., Las Cruces, NM 88005, this property encompasses a flexible lot size ranging from one-half acre to four acres. The land is zoned C2/C2C, providing a wide array of potential commercial development options. The asking price is competitive, ranging from $3.50 to $4.00 per square foot, reflecting the land's prime location and development potential. The property's convenient access to major roadways and its proximity to established businesses make it an ideal site for a variety of commercial ventures. With its versatile zoning and attractive price point, this property represents a compelling investment opportunity for discerning buyers seeking to establish a presence in a thriving New Mexico market. The parcel includes APN numbers 4-004-135-376-152 and 4-004-135-365-129. This is a rare chance to acquire a significant land holding in a rapidly growing area of Las Cruces. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mesilla
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.841
    Latitude
    32.2275

    Comparable in this City

    • Value Estimation by Request
      1.89 Acres

      401 Valley Dr

      Land • 1.89 Acres
      401 Valley Dr, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request
      42.13 Acres

      711 Alamosa Ave

      Land • 42.13 Acres
      711 Alamosa Ave, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request
      2.44 Acres

      Carver Rd

      Land • 2.44 Acres
      0 Carver Rd, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request
      0.54 Acres

      Hickory Loop

      Land • 0.54 Acres
      0 Hickory Loop, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request
      3.05 Acres

      300-310 Foster Rd

      Land • 7,367 SF
      300-310 Foster Rd, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request

      1400 Valley Dr

      Land
      1400 Valley Dr, Las Cruces, NM 88005
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      1.04 acres of land available for sale.
      & Picacho NE Cor Of Vly, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Vacant Lots with Interstate Access

      Two vacant lots with easy access to Interstate 10.
      Calle De Alegra And Main St, Las Cruces, NM 88005
      View Details
    • $100,000
      Pending

      Land Parcel in Fairacres Area

      1.1-acre parcel zoned D-1 in the Mesilla Valley.
      273 N Fairacres Rd, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land Available in Las Cruces

      Land for sale at 295 W Boutz Rd, Las Cruces.
      295 W Boutz Rd, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land For Sale

      0.748 acre land available.
      1520 S Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land Parcels Available

      Land parcels for sale near business park, hotels, and restaurants.
      Hickory Loop, Las Cruces, NM 88005
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Parcel For Lease

      1.8199 acre land parcel for lease or build-to-suit.
      1290 Avenida De Mesilla, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Las Cruces Industrial Land Parcel

      Industrial land parcel for lease in Las Cruces, NM.
      341 Southgate Ct, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Retail Space in Strip Center

      Retail space in Starbucks-anchored strip center on Walmart outparcel.
      1500 S Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      8,250 SF

      Industrial Warehouse Space Available

      8,250 SF warehouse on a corner lot for lease.
      421 N Mesilla St, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Warehouse Space for Lease

      Retail and warehouse space with great visibility and storage.
      384 S Melendres St, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      7,300 SF

      Retail Space in Las Cruces

      Available retail space with high visibility and accessibility.
      310 E Idaho Ave, Las Cruces, NM 88005
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3400 Picacho Ave
    Mesilla, NM 88005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!