Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2930 Hillrise Dr Las Cruces, NM 88011

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2930 Hillrise Dr Las Cruces, NM 88011

    View on Map
    • Medical Office Space
    • 1,508 SF
    Off-Market
    Property ID
    US61-0318072
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Health Quest Medical Clinic: Saavedra Ramon A MD / Physician
    • Healthquest Medical Clinic / Medical Clinic
    • Las Cruses Family Medicine LLC / Medical Clinic
    • Renal Medicine of Las Cruces / Medical Clinic
    • Rolando C. Cadena, DPM - Podiatrist / Physician

    Property Details for 2930 Hillrise Dr

    Property size
    1,508 SF
    Property type
    Medical Office Space

    Description

    This well-maintained 1,508 square foot medical office condo in Las Cruces, New Mexico, presents a fantastic investment opportunity. Located at 2930 Hillrise Dr, Unit 1, 88011, this single-unit property enjoys a highly desirable location between Memorial Medical Center and Mountain View Regional Medical Center, ensuring excellent visibility and accessibility for medical professionals. Situated off Hillrise Drive, just east of Telshor Boulevard – one of Las Cruces' busiest thoroughfares – the property benefits from significant traffic flow. The asking price is $235,000. The current tenant is on a month-to-month lease, offering flexibility for future use. Utilities are handled efficiently, with the tenant responsible for all except trash, water, and sewer. This turnkey medical office is ready for immediate occupancy or continued rental income. The property is located in Doña Ana County and offers a convenient and established presence within the thriving Las Cruces medical community. This presents a rare opportunity to acquire a well-positioned medical office space in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.735689
    Latitude
    32.3047119

    Comparable in this City

    • Contact for pricing
      15,789 SF

      Medical Office Near Hospital

      Medical office near Mountain View and Memorial Medical Campuses.
      150 N Roadrunner Pkwy, Las Cruces, NM 88011
      View Details
    • $2,500,000

      Versatile Commercial Property on Telshor

      High-visibility commercial property suitable for retail, office, or restaurant use.
      900 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • $621,000
      6.64 Acres

      Las Cruces Commercial Land

      6.64-acre commercial lot in rapidly expanding East Mesa area.
      5850 E Bataan Memorial, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      3,525 SF

      Retail Investment Property in Las Cruces

      Two-tenant NNN retail property in Las Cruces' Sonoma Ranch.
      4169 White Sage Arc, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Sonoma Ranch Blvd Commercial Lot

      4.67-acre commercial lot on Sonoma Ranch Blvd.
      1001 Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Development Lot on Northrise Drive

      Development lot with frontage, near residential areas and retail.
      4001 Northrise Dr, Las Cruces, NM 88011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,789 SF

      Medical Office Near Hospital

      Medical office near Mountain View and Memorial Medical Campuses.
      150 N Roadrunner Pkwy, Las Cruces, NM 88011
      View Details
    • $2,500,000

      Versatile Commercial Property on Telshor

      High-visibility commercial property suitable for retail, office, or restaurant use.
      900 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • $229,500
      3.00 Acres

      Las Cruces Homesite with Views

      3-acre homesite with utilities and mountain views near Las Cruces.
      8658 Talavera Ave, Las Cruces, NM 88011
      View Details
    • $167,500
      1.18 Acres

      Land with Organ Mountain Views

      1.18-acre parcel with mountain views in Mystic Winds Subdivision.
      8675 Mystic View Ct, Las Cruces, NM 88011
      View Details
    • $150,000
      5.00 Acres

      Land with Organ Mountain Views

      5-acre parcel to build your dream home.
      9200 Floret Ln, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Land Available in Las Cruces

      Land for sale at 1501 Bataan Memorial, Las Cruces.
      1501 Bataan Memorial, Las Cruces, NM 88011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,262 SF

      New Construction Office Space Available

      New construction office space suitable for medical or professional users.
      1125 Commerce Dr, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      12,688 SF

      Sonoma Ranch Office/Retail Center

      New office/medical/retail center in growing Las Cruces area.
      4350 N Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Foothills Road Office Suite

      1,559 SF office suite in desirable Foothills corridor.
      3850 Foothills Rd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      9,200 SF

      Sonoma Ranch Office Space

      9,200 SF office space available for lease.
      4104 Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
    • $1,350 /Mo
      16,117 SF

      Las Cruces Retail/Office Space

      Move-in ready retail/office space in a high-traffic location.
      1900 S Telshor Blvd Unit, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Las Cruces Commercial Space Available

      Commercial space available for rent in Las Cruces, NM.
      4500 Bataan Memorial, Las Cruces, NM 88011
      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.
    2930 Hillrise Dr
    Las Cruces, NM 88011
    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

    Thank You for Inquiry

    2930 Hillrise Dr, Las Cruces, NM, 88011

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!