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Property profile & analytics
OFF-MARKET
Warehouses

1430 Thorpe Rd Las Cruces, NM 88012

7,670 SF 11.14 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional 7,670-square-foot industrial property, situated on 11.14 acres in Las Cruces' Dona Ana submarket, presents a rare opportunity. The property, classified as Class C, boasts four buildings totaling 7,670 square feet, with a minimum divisible space of 756 square feet and a maximum contiguous space of 2,021 square feet. Built in 1950 and renovated in 1980, the property features a mix of shop space, office areas, and ample outdoor space, ideal for a variety of uses. The main building includes a front office, a secondary office, a service bay, and an overhead canopy. Additional structures include a smaller body shop and a parts harvesting/automotive shop equipped with a hydraulic lift, storage bay, service bay, office, and restroom. The property is fully fenced and cross-fenced, providing secure, separate yards. The site offers 200 parking spaces and benefits from I-3 Heavy Industrial zoning, allowing for diverse operational possibilities, including but not limited to cannabis cultivation (indoor/outdoor), auto salvage, recycling, body shop operations, automotive services, towing and recovery, indoor/outdoor storage, and heavy equipment parking and service. The property's location near Thorpe Rd and I-25 provides excellent accessibility. The property is currently vacant and immediately available for lease to single or multiple tenants. Minimum leaseable acreage is one acre.

Property profile
Verified
Property type Warehouses
Year built 1950
Total area 7,670 SF
Lot 11.14 ac (485,258 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
  • Heritage Preserve Properties and Development, LLC Construction Company General Contractor
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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