0 Northrise Dr Near Sonoma Rnch Blvd Las Cruces, NM 88011
This exceptional 5.74-acre parcel in Doña Ana County, New Mexico, presents a unique investment opportunity. Zoned R1, it's approved and permitted for the development of 21 residential lots, offering significant potential for immediate development. The property boasts stunning views of the Organ Mountains, a highly desirable feature for potential homebuyers. Strategically located near Northrise Drive (off Sonoma Ranch Blvd.), this land enjoys convenient access to essential amenities and infrastructure. Its proximity to Sonoma Palms Apartments, Sonoma Elementary School, and Doña Ana Community College ensures a thriving and established surrounding community. Furthermore, its close proximity to Highway 70 provides easy access to major transportation routes, enhancing its appeal and accessibility. The area also shows evidence of nearby commercial development, suggesting a robust and growing local economy. This is a rare chance to acquire a well-situated, fully permitted residential land parcel with mountain views in a rapidly developing area of Las Cruces, NM, zip code 88011. The asking price is $479,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.