4750 Del Rey Blvd Las Cruces, NM 88012
This exceptional 25.7-acre parcel in Las Cruces, New Mexico, presents a compelling investment opportunity. Located at 4750 Del Rey Blvd, 88012, this property boasts a highly desirable location, offering convenient access to both commercial services and established residential subdivisions. The land's strategic position at the corner of Del Rey Blvd and Tucson Avenue (east side of Del Rey) ensures high visibility and accessibility. Its history includes prior approval as a residential subdivision, "Desert Isles," encompassing 69 lots, each approximately one-third of an acre. Further development potential has been explored, including a townhouse subdivision plan proposing approximately 145 lots. This versatile property offers significant flexibility for various development scenarios, making it an attractive prospect for developers seeking a prime location with a proven track record of residential viability. The asking price is $1,275,000. The property is situated in Doña Ana County and is easily accessible for viewing. This raw land presents a unique chance to capitalize on the growing Las Cruces 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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.