1500 S Valley Dr Las Cruces, NM 88005
Property profile & analytics
1500 S Valley Dr Las Cruces, NM 88005
- Retail space
- 5,040 SF
- 1.26 lot acres
Property ID
US61-0068411
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
- Smoke Shop and Vape / (Bike/Boat/Book/etc) Store
- Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
- Magic Nails / Nail Salon
Property Details for 1500 S Valley Dr
- Year built
- 2006
- Construction
- FRAME
- Lot size
- 1.26 lot acres
- Property size
- 5,040 SF
- Zone code
- GEN-COMMERCL
- Property type
- Retail space
- APN
- 4-007-136-032-376
- APU
- 4007136032376
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $680,000
- 6.5%
- $630,000
- 7%
- $585,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $582,000
Market price range: $216k - $583k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $410,000 Current use
- AUTO REPAIR, GARAGE
- $595,000 Change: +46% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $565,000 Change: +39% Conversion: Easy
- OFFICE BUILDING
- $545,000 Change: +34% Conversion: Easy
- RESTAURANT
- $520,000 Change: +27% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $430,000 Change: +6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.785
- Latitude
- 32.2908
- CBSA code
- 29740
- CBSA name
- LAS CRUCES, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,564
$73,081
$207,361
$280,442
-
$219,244
$622,083
$841,327
