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Property profile & analytics

1655 Valley Dr Las Cruces, NM 88005

  • Auto shops
  • 1,430 SF
  • 0.39 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US61-0303056
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.

Current Use by Public Records

  • Take 5 Oil Change / Oil Change Service

Property Details for 1655 Valley Dr

Year built
2023
Lot size
0.39 lot acres
Property size
1,430 SF
Property type
Auto shops

Description

This exceptional investment opportunity presents a brand-new, 1,430-square-foot auto shop in Las Cruces, New Mexico. Located at 1655 S Valley Dr, this property boasts a prime location with excellent visibility and access, situated directly across from a Walmart Supercenter-anchored shopping center and near other major retailers including Starbucks, Cracker Barrel, and more. The property is also conveniently located near Las Cruces High School and New Mexico State University, ensuring a consistent flow of customers. The building, constructed in 2023, sits on a 0.39-acre lot and includes 7 parking spaces. The property is currently 100% occupied by a Take 5 Oil Change franchisee under a 15-year absolute NNN lease with 10% rent increases every five years. This provides a strong, stable income stream with minimal landlord responsibilities. The franchisee is part of a rapidly expanding company with plans to open 50+ units by the end of 2024, providing a robust financial backing for the lease. The current Net Operating Income (NOI) is $145,250, yielding a 6.00% cap rate at the asking price of $2,421,000. The lease includes six, 5-year renewal options, further securing long-term returns. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property's strong demographics, with over 65,500 residents within a 3-mile radius and an average household income exceeding $58,400, contribute to its exceptional investment potential. The "contactless, stay-in-your-car, 10-minute oil change" model offers a Covid-resistant business model.


Value Estimations

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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Las Cruces
County
Doña Ana
State
New Mexico
Longitude
-106.7828744
Latitude
32.2904331
More about this property
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