560 Water St Las Cruces, NM 88001
This exceptional 3,651 square foot office building presents a rare opportunity in the heart of Las Cruces' Central Business District (CBD). Situated on a 0.43-acre lot, this single-tenant property offers a substantial space ideal for a variety of businesses. Built in 1959, the building is classified as Class C and boasts a traditional office layout, perfect for established companies seeking a well-located, functional workspace. The property's zoning designation as CBD ensures access to a vibrant urban environment, with high foot traffic and proximity to amenities. The building's substantial size provides ample room for expansion or customization to meet specific business needs. This is an excellent opportunity to secure a prominent location in a thriving downtown area. The property's address is 560 N Water St., and its Assessor's Parcel Number (APN) is 4-007-135-178-084. This single-tenant occupancy offers a unique opportunity for a business seeking a dedicated and established space in a high-demand location. The building's age provides a unique character, while its size and location offer significant potential for growth and success. The property's central location within the CBD ensures easy access to a wide range of services, businesses, and transportation options. Serious inquiries are encouraged to explore the possibilities of this well-positioned commercial property. The building's traditional office layout provides a classic and functional workspace, ready for immediate occupancy.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.