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Property profile & analytics
OFF-MARKET
Land

4750 Del Rey Blvd Las Cruces, NM 88012

25.7 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 25.7 ac (1,119,492 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
AI Approach AI
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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