Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2800 Airport Rd Santa Teresa, NM 88008-9728

    • Warehouses
    • 225,200 SF
    • 13.07 lot acres
    OFF-MARKET
    Last Sale
    Sep 16, 2024
    Value Estimations
    $4,680,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0753198
    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

    • Warehouses

    Property Details for 2800 Airport Rd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    13.07 lot acres
    Property size
    225,200 SF
    Zone code
    REMOTE-MESA
    Property type
    Warehouses
    APN
    4-012-165-052-388
    APU
    4012165052388

    Description

    This exceptional Class A industrial warehouse, located at 2800 Airport Road in Doña Ana County, offers a substantial 176,000 square feet of immediately available space. The single-story building boasts a total of 224,000 square feet, making it ideal for large-scale distribution or warehousing operations. The property features 24-foot clear ceiling heights, providing ample vertical space for efficient storage and operations. Loading and unloading are facilitated by 18 loading docks and 3 drive-in doors, ensuring smooth and efficient logistics. A generous 120-foot truck court provides ample maneuvering space for large vehicles. The column spacing of 40 feet by 50 feet allows for flexible layout configurations to suit diverse operational needs. The building is equipped with an ESFR (Early Suppression Fast Response) fire sprinkler system, providing superior fire protection. This multi-tenant property presents a unique opportunity for businesses seeking significant warehouse space in a prime location. The property's size, features, and location make it an attractive option for companies requiring substantial storage and distribution capabilities. Don't miss this chance to secure a significant footprint in a high-demand market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Teresa
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.699
    Latitude
    31.8696
    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
    $84,593
    $284,490
    $2,248,843
    $2,533,333
    -
    $853,471
    $6,746,529
    $7,600,000

    Comparable in this City

    • Value Estimation by Request
      73,500 SF

      Santa Teresa Nm

      Manufacturing properties • 73,500 SF
      0 Santa Teresa Nm, Santa Teresa, NM 88008
      View Details
    • Value Estimation
      $2,035,000
      94,400 SF

      2750 Airport Rd

      WAREHOUSE, STORAGE • 94,400 SF
      2750 Airport Rd, Santa Teresa, NM 88008-9732
      View Details
    • Value Estimation
      $19,320,000
      367,476 SF

      550 Industrial Rd

      WAREHOUSE, STORAGE • 367,476 SF
      550 Industrial Rd, Santa Teresa, NM 88008-9591
      View Details
    • Value Estimation
      $9,385,000
      182,620 SF

      250 Constellation Dr

      WAREHOUSE, STORAGE • 182,620 SF
      250 Constellation Dr, Santa Teresa, NM 88008-9589
      View Details
    • Value Estimation by Request
      8,390 SF

      5400 Rio Bravo Dr

      MINI-WAREHOUSE, STORAGE • 8,390 SF
      5400 Rio Bravo Dr, Sunland Park, NM 88008-9209
      View Details
    • Value Estimation
      $9,550,000
      182,620 SF

      150 Constellation Dr

      WAREHOUSE, STORAGE • 182,620 SF
      150 Constellation Dr, Las Cruces, NM 88008
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.45 Acres

      Santa Teresa Industrial Land

      Prime 10-acre industrial site, NM
      & Avenida Chihuahua Pacifico Sunset Rte Ave, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      14.73 Acres

      Santa Teresa Industrial Land - 15 Acres

      Prime Industrial Land near Santa Teresa Port
      0 Avenida Divisadero, La Mesa, NM 88008
      View Details
    • Contact for pricing
      29.24 Acres

      Santa Teresa Industrial Land Investment

      29 Acres, Rail Served, Prime Location
      0 Industrial Dr, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      5.78 Acres

      300 Avenida Ascencion Lot A.12

      Land • 5.78 Acres
      300 Avenida Ascencion Lot A.12, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      33.72 Acres

      Prime Santa Teresa Land - 33.72 Acres

      Mixed-use development opportunity near I-10.
      0 Airport Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      5.28 Acres

      Santa Teresa Commercial Land Parcels

      Prime NM industrial land, Opportunity Zone
      Parcels Border Industrial Park, Santa Teresa, NM 88008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      73,500 SF

      Santa Teresa Industrial Warehouse

      Modern warehouse, prime location, 36,000 SF available
      0 Santa Teresa Nm, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      116,420 SF

      Santa Teresa Warehouse - 116,420 SF

      Prime Santa Teresa industrial space. Single-tenant warehouse.
      175 Lindbergh Dr, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      12,000 SF

      Santa Teresa Office Space Available

      12,000 SF Office, Short-Term Lease
      4701 Avenida Divisadero, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      871,200 SF

      20-Acre Medical Office Land Lease

      Prime Dona Ana County medical office land. Single-tenant opportunity.
      0 Seq Mcnutt & Country Clb, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      13,200 SF

      Prime Santa Teresa Office Building

      13,200 SF Office, 77 Parking Spaces
      1290 Country Club Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      5 SF

      Land Available for Trailer Storage

      5-acre commercial land suitable for trailer storage in Santa Teresa.
      501 Avenida Ascencion, Santa Teresa, NM 88008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2800 Airport Rd
    Santa Teresa, NM 88008-9728
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.