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    505 Venture Dr Las Cruces, NM 88007

    • Warehouses
    • 45,030 SF
    • 15.00 lot acres
    For Sale
    View listing
    $3,900,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0244123
    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

    • Liberty Engineered Wire Products / Steel Fabricator

    Property Details for 505 Venture Dr

    Year built
    2009
    Lot size
    15.00 lot acres
    Property size
    45,030 SF
    Zone code
    REMOTE-MESA
    Property type
    Warehouses
    APN
    3-002-138-494-398
    APU
    3002138494398

    Description

    This exceptional multi-tenant industrial property, located at 505 Venture Dr, Las Cruces, NM 88007, offers 40,050 square feet of versatile space ideal for manufacturing, warehousing, or distribution operations. The building features a substantial 26-foot clear ceiling height, providing ample room for high-volume storage and operations. Access is facilitated by four drive-in doors, strategically positioned on both the north and south sides of the warehouse, along with nine total grade-level doors for efficient loading and unloading. The property boasts a robust electrical service of 800-amp, 3-phase-4-wire, 480-volt, supported by a 2500 KVA transformer, ensuring reliable power for demanding industrial applications. The office area is equipped with HVAC for comfortable working conditions. Situated in Doña Ana County, this property presents a significant opportunity for businesses seeking a well-equipped and strategically located industrial space in a thriving New Mexico market. The property is zoned for industrial use and is ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, multi-tenant industrial building in a prime location. Contact us today to schedule a showing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $760,000
      6.5%
      $695,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $725,000
      Retail
      $670,000
      Mixed-Use
      $675,000
      Hospitality
      $735,000
      Educational
      $775,000
      Residential Income
      $685,000
      Energy
      $625,000
      Income-Based Land
      $750,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.921
    Latitude
    32.2603
    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
    $19,689
    $100,000
    $477,349
    $577,349
    -
    $300,000
    $1,432,048
    $1,732,048

    Comparable in this City

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      8861 Trigg Loop, Las Cruces, NM 88007
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      4581 Picacho Ave, Unit 1-4

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    • Value Estimation
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    • Value Estimation
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    • Value Estimation
      $410,000
      11,250 SF

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      WAREHOUSE, STORAGE • 11,250 SF
      732 Palms, Las Cruces, NM 88007-8146
      View Details

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    Las Cruces, NM 88007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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