Property profile

0 2.51 Acres Northrise Dr Las Cruces, NM 88011

OFF-MARKET
Land
2.51 ac lot
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Property summary

AI-generated overview

This exceptional 2.51-acre commercial land parcel presents a remarkable investment opportunity in the rapidly expanding Las Cruces market. Situated on Northrise Drive in Doña Ana County, zip code 88011, this property boasts a highly desirable location within a thriving commercial area. The lot's strategic placement offers unparalleled access to a robust consumer base, fueled by the presence of major retailers and national chains. Nearby establishments include a newly constructed Walmart Supercenter, further solidifying the area's strong retail presence. Additional nearby businesses include Sam's Club, Walgreens, Wendy's, and Dutch Bros Coffee, indicating a high concentration of consumer traffic and established commercial activity. This prime location within one of Las Cruces' fastest-growing submarkets makes this property ideal for a wide range of commercial developments, offering significant potential for future growth and return on investment. The asking price for this exceptional opportunity is $320,000. The property's coordinates are 32.35766 latitude and -106.75083 longitude. This is a rare chance to acquire a substantial commercial land parcel in a dynamic and expanding market.

Property profile

Verified
Property type Land
Lot 2.51 ac (109,336 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2.51 Acres Northrise Dr Las Cruces, NM 88011
Las Cruces metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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