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Property profile

2410 Espina St Las Cruces, NM 88001

OFF-MARKET
Office Spaces
Property ID
US61-0049383
2,944 SF 0.53 ac lot Built 1938
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2-building complex situated on a 0.53-acre lot in Las Cruces, New Mexico's desirable University District. The property, built in 1938, features a main building totaling 1,944 square feet and a detached duplex, offering a combined 2,944 square feet of space. Priced at $799,000 ($271.40/sq ft), this multi-unit property is zoned UD-TZ, allowing for diverse uses. Its prime location offers convenient access to local amenities, including restaurants and coffee shops, and is within walking distance of New Mexico State University. The property includes ample parking and a well-maintained yard. The versatile space is ideal for a variety of uses, including offices, live/work spaces, or even a small business. This owner-user investment presents a unique chance to acquire a well-located, established property with significant potential. Three units are available. Don't miss this chance to own a piece of Las Cruces' vibrant University District.

Property profile

Verified
Property type Office Spaces
Year built 1938
Total area 2,944 SF
Lot 0.53 ac (23,087 SF)
UPID US61-0049383

Cap rate & NOI

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

Location

2410 Espina St Las Cruces, NM 88001
Las Cruces metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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