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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

250 Mills Ave Las Vegas, NM 87701

67,862 SF
Property ID
Property summary
AI-generated overview

Mills Plaza offers exceptional office space in a prime Las Vegas, New Mexico location. This single-story retail and office center boasts 67,862 square feet of total building space, with multiple suites available for lease. The largest contiguous space measures 8,748 square feet, while smaller units range from approximately 600 to 8,500 square feet, providing flexibility for various business needs. The property enjoys a high-traffic location adjacent to a major intersection, benefiting from excellent visibility and accessibility. Mills Plaza is anchored by established businesses including Big R, AutoZone, Family Dollar, and FEMA, creating a strong tenant mix and a vibrant commercial environment. Recent improvements under new ownership have significantly enhanced the property's appeal, including the installation of new storefront glass, energy-efficient LED parking lot lighting, and upgrades to the HVAC system and roofing. This revitalized center presents a compelling opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving community near Highland University. The property is situated on Hot Springs Blvd./SR65, ensuring easy access for employees and customers alike. Twelve spaces are currently available, offering a diverse selection to suit a range of business sizes and requirements.

Property profile
Verified
Property type Retail properties & Spaces
Total area 67,862 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
Current use
Occupant on record · Public records
  • Mills Plaza Laundromat (Bike/Boat/Book/etc) Store
  • Ultra Health Dispensary Las Vegas (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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