24200 Stern Dr Anthony, NM 88021-9388
- Industrial properties
- 23,400 SF
- 3.00 lot acres
Current Use by Public Records
- JR Truck and Trailer / Truck Repair Shop / Trailer Repair Shop
- TowerComm / Association Or Organization
Property Details for 24200 Stern Dr
- Year built
- 2007
- Lot size
- 3.00 lot acres
- Property size
- 23,400 SF
- Zone code
- I1
- Property type
- Industrial properties
- APN
- 4-018-155-329-048
- APU
- 4018155329048
Description
This exceptional 3-acre commercial property located at 24200 Stern Drive in Anthony, New Mexico, presents a compelling investment opportunity with significant potential for passive income or owner-occupancy. The property's flexible layout is ideal for multiple tenants, offering convenient, separately sized spaces that are highly attractive to a diverse range of businesses. Its strategic location provides unparalleled access to both El Paso and Las Cruces via Interstate 10 and Highway 404, connecting to East El Paso and Alamogordo. This prime location ensures high visibility and accessibility, maximizing exposure to a large customer base. The asking price is $1,495,000. The property's versatility makes it suitable for a variety of commercial uses, offering a strong return on investment for both passive investors and owner-operators seeking a strategic location with excellent connectivity. The substantial acreage allows for future expansion or development, further enhancing its long-term value. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area with exceptional access to major transportation arteries. Schedule a viewing today to explore the possibilities this property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $740,000
- 6.5%
- $800,000
- 7%
- $745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $850,000
- Geo Method
- $780,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $785,000
- Mixed-Use
- $835,000
- Hospitality
- $880,000
- Educational
- $815,000
- Residential Income
- $765,000
- Energy
- $885,000
- Income-Based Land
- $780,000
- Food Service
- $660,000
Location Insight
- Map
- Local Demand
- City
- Anthony
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.588
- Latitude
- 32.0182
- CBSA code
- 29740
- CBSA name
- LAS CRUCES, NM METROPOLITAN STATISTICAL AREA