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Property profile & analytics

1500 Valley Dr Las Cruces, NM 88005

  • Retail space
  • 5,040 SF
  • 1.26 lot acres
Value Estimation
$395,000
Last Sale
Aug 05, 2022
Location Intelligence
Property ID
US61-0068411
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Starbucks / Coffee Shop / Breakfast Restaurant
  • Smoke Shop and Vape / Tobacco Shop
  • Cricket Wireless Authorized Retailer / Cell Phone Store
  • Magic Nails / Nail Salon

Property Details for 1500 Valley Dr

Year built
2006
Construction
FRAME
Lot size
1.26 lot acres
Property size
5,040 SF
Zone code
GEN-COMMERCL
Property type
Retail space
APN
4-007-136-032-376
APU
4007136032376

Description

This exceptional 5,000 square foot retail center in Las Cruces, New Mexico, presents a fantastic leasing opportunity. Located at 1500 S Valley Dr, 88005, this single-story Class B property sits on 1.2 acres of land at a high-traffic corner intersection of Valley Drive and Rigsby. The center enjoys a prime location as a shadow anchor to a Walmart Supercenter, ensuring high visibility and consistent foot traffic. Currently, the center houses a Starbucks, Cricket Wireless, a nail salon, and a smoke shop, creating a diverse and established tenant mix. An automated car wash is slated for construction directly across the street, further enhancing the area's appeal and traffic flow. The available space, totaling 1,250 square feet, was previously occupied by a hair salon and is being offered with existing eight-station salon equipment in place. This presents a unique opportunity for a salon business, with no franchise requirements. The property's strategic location, strong tenant mix, and existing salon equipment make this an ideal investment for a variety of retail businesses seeking a thriving location in Las Cruces. The property is classified as Retail and Special Purpose.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Las Cruces
County
Dona Ana
State
New Mexico
Longitude
-106.785
Latitude
32.2908
CBSA code
29740
CBSA name
LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,564
$73,081
$207,361
$280,442
-
$219,244
$622,083
$841,327
More about this property
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