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1240 El Paseo Rd Las Cruces, NM 88001

OFF-MARKET Land Google Maps
1 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Las Cruces, New Mexico. Located at 1240 El Paseo Rd, 88001, this property boasts a highly desirable location on a major thoroughfare, El Paseo Road. This key artery connects the vibrant downtown business district with New Mexico State University, ensuring high visibility and substantial traffic exposure. The site benefits from an annual average weekday traffic count of 15,841 (2023 data), providing excellent access and visibility for any commercial development. City utilities are readily available, simplifying the construction process. The property is zoned for commercial use and offers a build-to-suit option, allowing for maximum flexibility in development plans. Its proximity to the central business district (within one mile) and numerous city and federal buildings further enhances its appeal and potential for strong returns. This prime location offers unparalleled access and visibility, making it an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly sought-after commercial land parcel in a thriving New Mexico market.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

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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