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Property profile & analytics
OFF-MARKET
Turn key restaurants

1103 Solano Dr Las Cruces, NM 88001-3851

720 SF 0.2 ac lot Built 1968
Entity Owned 5-yr Hold Free & Clear
Property ID
US61-0348326
Property summary
AI-generated overview

This single-story, 2,263 square foot commercial space is located at 1103 N Solano Dr in Las Cruces, New Mexico, 88001. The property is zoned C-2 and features a traditional office layout suitable for multiple tenants. The building is situated at a high-traffic intersection of N. Solano Dr. and Spruce Ave., boasting over 28,000 vehicles passing daily, ensuring excellent visibility for any business. This presents a unique opportunity for businesses seeking a strong local presence in a vibrant area. The space is currently vacant and ready for immediate occupancy. The property type is listed as Retail and Office, offering versatility for a range of commercial uses. Interested parties are encouraged to inquire about lease terms and conditions. The property's convenient location in the heart of Las Cruces provides easy access to local amenities and a strong customer base. This is an exceptional opportunity to secure a well-positioned commercial space in a thriving New Mexico market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Total area 720 SF
Lot 0.2 ac (8,640 SF)
Zoning code GEN-COMMERCL
APN 4-008-135-188-522
UPID US61-0348326
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
  • Leasing Services Property Management Property Management Company
  • A Rawson Self Storage Storage Facility
  • Jan California's Taco Shop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Cove II LLC · 5 yrs held
Cove II LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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