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1120 Tornillo St Las Cruces, NM 88001

OFF-MARKET Land Google Maps
11,761 SF 0.27 ac lot
Individually Owned 7-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US61-0133589

Property summary

AI-generated overview

This exceptional 0.27-acre lot, located at 1120 N Tornillo St in Las Cruces, New Mexico, presents a unique opportunity for multifamily development. Zoned R2, this vacant parcel offers significant potential for the construction of duplexes, apartments, or even a single-family home. The property boasts a total area of 11,761 square feet and is priced affordably at $75,000, or $6.38 per square foot. Situated in a desirable downtown location, this lot provides convenient access to a wealth of amenities, including hospitals, schools, shopping centers, and recreational parks. All city utilities are readily available, simplifying the development process. Given its size, zoning, and prime location, this property is an exceptional investment opportunity and is expected to sell quickly. Don't miss out on this chance to acquire a rare and valuable piece of land in the heart of Las Cruces. The property is located in Doña Ana County, New Mexico, zip code 88001.

Property profile

Verified
Property type Land
Total area 11,761 SF
Lot 0.27 ac (11,761 SF)
UPID US61-0133589

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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