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Property profile

1300 El Paseo Rd Las Cruces, NM 88001

FOR SALE
Lifestyle centers
Property ID
US61-0263678
61,232 SF 5.5 ac lot Built 1990
Last sale Jul 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years.
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Property summary

AI-generated overview

This exceptional value-add opportunity presents a 61,232 square foot shopping center situated on a 5.5-acre lot in Las Cruces, New Mexico. The property, built in 1990 and renovated in 2020, consists of three single-story buildings housing fifteen tenants, including Planet Fitness, Flowerama, H&R Block, Metro PCS, and UPS Store. Currently boasting 86% occupancy, the center offers a compelling NOI of $354,219 with a 5.62% cap rate. A significant upside potential is evident in the pro-forma NOI…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
7.38%
$494k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center14.2
Building Supply13.2
HVAC Service12.7

Location

1300 El Paseo Rd Las Cruces, NM 88001
County assessor · not on file Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
951 Solano, Las Cruces, NM 88001-2314 $320,112 Jun 2023 3,678 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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