Technical
Financial
Distress signals
Property profile

1500 S Valley Dr Las Cruces, NM 88005

FOR LEASE
Retail space
Property ID
US61-0068411
5,040 SF 1.26 ac lot Built 2006
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000 square foot retail center in Las Cruces, New Mexico, presents a fantastic leasing opportunity. Located at 1500 S Valley Dr, 88005, this single-story Class B property sits on 1.2 acres of land at a high-traffic corner intersection of Valley Drive and Rigsby. The center enjoys a prime location as a shadow anchor to a Walmart Supercenter, ensuring high visibility and consistent foot traffic. Currently, the center houses a Starbucks, Cricket Wireless, a nail salon, and a smoke shop, creating a diverse and established tenant mix. An automated car wash is slated for construction directly across the street, further enhancing the area's appeal and traffic flow. The available space, totaling 1,250 square feet, was previously occupied by a hair salon and is being offered with existing eight-station salon equipment in place. This presents a unique opportunity for a salon business, with no franchise requirements. The property's strategic location, strong tenant mix, and existing salon equipment make this an ideal investment for a variety of retail businesses seeking a thriving location in Las Cruces. The property is classified as Retail and Special Purpose.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction FRAME
Total area 5,040 SF
Lot 1.26 ac (54,811 SF)
Zoning code GEN-COMMERCL
APN 4-007-136-032-376
UPID US61-0068411

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • (Bike/Boat/Book/etc) Store
  • Mobile Phone Store Electronics & Wireless Store
  • Nail Salon

Location

1500 S Valley Dr Las Cruces, NM 88005
Las Cruces metro Census 206 LAS CRUCES, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$630k
Comparable Approach Comparable
$583k
Blend (final) Blend
$330k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2016
Price N/A
2010
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

GEN-COMMERCL · Las Cruces, NM
Top alternative use upside
Auto repair, garage $595,000 +45.9%
Commercial (general) $565,000 +38.6%
Office building $545,000 +33.6%

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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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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