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Property profile & analytics
OFF-MARKET
Commercial real estate

0 Roadrunner Pkwy Las Cruces, NM 88012

6.07 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.07-acre multifamily land parcel presents a unique investment opportunity in Las Cruces, New Mexico. Situated along Roadrunner Parkway, the property boasts direct frontage and convenient access, making it highly visible and easily accessible. The site is ideally positioned within a growth corridor for multifamily and institutional office developments, surrounded by complementary uses such as assisted living facilities, daycares, apartment complexes, and government agencies. Its proximity to the Sonoma Ranch Golf Community adds to its desirability. Nearby amenities include a Walmart Supercenter, public parks, public schools, and convenient access to Highway 70. The highest and best use for this property is projected to be an assisted living facility or an apartment complex, capitalizing on the strong demand for housing in this thriving area. The asking price is $1,045,000. This represents a compelling opportunity for owner/users seeking to develop a significant multifamily project in a prime Las Cruces location within Doña Ana County, zip code 88012. The property's location and surrounding infrastructure make it an attractive investment with significant potential for future growth and return.

Property profile
Verified
Property type Commercial real estate
Lot 6.07 ac (264,409 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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