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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments

1245 Van Patten Ave Las Cruces, NM 88005

0.24 ac lot
Property ID
US61-0177029
Property summary
AI-generated overview

This exceptional 0.24-acre lot, located at 1245 Van Patten Ave in Las Cruces, New Mexico, presents a compelling investment opportunity for builders and investors alike. Zoned R2, this property offers significant potential for multifamily development. Situated in the desirable downtown Las Cruces area, the lot boasts convenient access to city amenities and services. All essential utilities are readily available, including electricity, natural gas, water, and sewer connections. The property's size and zoning make it ideal for a variety of multifamily projects, catering to the growing demand for housing in the vibrant Las Cruces community. The asking price for this prime piece of land is $69,000. This represents a rare chance to acquire a well-located, sizable lot in a thriving market, offering substantial returns on investment. The property's address is verified as 1245 Van Patten Ave, Las Cruces, Doña Ana County, New Mexico, 88005. The geographic coordinates are 32.3124037 latitude and -106.7949549 longitude. Don't miss this opportunity to secure a valuable asset in a dynamic and expanding city.

Property profile
Verified
Property type High-rise multifamily apartments
Lot 0.24 ac (10,454 SF)
UPID US61-0177029
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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