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Property profile & analytics
OFF-MARKET
Land

& Picacho Cor Of Vly Las Cruces, NM 88005

1.04 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.04-acre commercial land parcel presents a unique investment opportunity in a high-traffic area of West Las Cruces, New Mexico. Situated at the northeast corner of Valley Drive and Picacho Avenue, this property benefits from exceptional visibility and accessibility. The lot is zoned for commercial use and boasts city utilities, making it ideal for a variety of development projects. Its strategic location near Mayfield High School and adjacent to a Sonic Restaurant ensures consistent foot and vehicle traffic. Daily traffic counts on Valley Drive and Picacho Avenue are impressive, registering 19,639 and 18,370 vehicles respectively, highlighting the significant potential for business growth. The land is priced competitively at $10 per square foot, representing an attractive return on investment given its prime location and high traffic volume. This property is situated at one of the busiest intersections in West Las Cruces, drawing from a large trade area, making it an excellent choice for businesses seeking high visibility and accessibility. The 88005 zip code further underscores its desirability within the Las Cruces market. Don't miss this chance to acquire a highly sought-after commercial property in Doña Ana County.

Property profile
Verified
Property type Land
Lot 1.04 ac (45,302 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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