Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    301 Lohman Ave Las Cruces, NM 88001-3667

    Property Lookup

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

    301 Lohman Ave Las Cruces, NM 88001-3667

    View on Map
    • Office properties & Spaces
    • 2,466 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US61-0143284
    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

    • Office properties & Spaces

    Property Details for 301 Lohman Ave

    Year built
    1955
    Lot size
    0.23 lot acres
    Property size
    2,466 SF
    Zone code
    GEN-COMMERCL
    Property type
    Office properties & Spaces
    APN
    4-007-135-321-322
    APU
    4007135321322

    Description

    This prime commercial property at 301 E Lohman Avenue in Las Cruces, New Mexico, presents a unique investment opportunity. Located in the heart of downtown, this property enjoys exceptional visibility and accessibility, with a daily traffic count exceeding 15,000 vehicles. Previously utilized as a successful dental practice, the single-suite building offers versatile space suitable for a variety of commercial uses. The property is zoned for commercial use and is available for both lease and purchase. The building itself has a total of one suite, although the total square footage is not currently specified. The property includes both office space and land, making it an attractive option for businesses seeking a prominent downtown location. Its central location in Dona Ana County, New Mexico, zip code 88001, provides easy access to local amenities and a strong customer base. This high-traffic corner lot offers unparalleled exposure, making it an ideal location for businesses seeking maximum visibility and convenient access for their clients. The property's previous success as a dental practice demonstrates its potential for a wide range of commercial ventures. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a thriving downtown area. Don't miss this chance to secure a premium location in a bustling commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.775
    Latitude
    32.307
    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
    $2,277
    $13,248
    $53,531
    $66,779
    -
    $39,744
    $160,593
    $200,337

    Comparable in this City

    • Value Estimation by Request
      18.25 Acres

      1719 University Ave

      Lifestyle centers • 9,344 SF
      1719 University Ave, Las Cruces, NM 88001
      View Details
    • Value Estimation by Request
      3,100 SF

      1605 El Paseo Rd, Unit C

      OFFICE (GENERAL) • 3,100 SF
      1605 El Paseo Rd, Las Cruces, NM 88001-6013
      View Details
    • Value Estimation by Request
      4,592 SF

      1001 Boutz Rd

      OFFICE (GENERAL) • 4,592 SF
      1001 Boutz Rd, Las Cruces, NM 88001-4207
      View Details
    • Value Estimation
      $1,615,000
      12,922 SF

      201 Church St

      OFFICE (GENERAL) • 12,922 SF
      201 Church St, Las Cruces, NM 88001-3515
      View Details
    • Value Estimation
      $1,945,000
      15,572 SF

      200 Church St

      OFFICE (GENERAL) • 15,572 SF
      200 Church St, Las Cruces, NM 88001-3512
      View Details
    • Value Estimation
      $650,000
      6,853 SF

      2030 Solano Dr

      OFFICE (GENERAL) • 6,853 SF
      2030 Solano Dr, Las Cruces, NM 88001-5402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,727 SF

      Unique Mixed-Use Facility For Sale

      Versatile property with medical, gym, and training space.
      1400 El Paseo Rd, Las Cruces, NM 88001
      View Details
    • Contact for pricing
      15,589 SF

      Las Cruces Office Building For Sale

      Office building with long-term tenants in Arrowhead Research Park.
      4605 Research Park Cir, Las Cruces, NM 88001
      View Details
    • $230,000
      Pending

      Functional Office Condo For Sale

      Well-maintained office condo in high-traffic location, furniture included.
      2990 N Main St Unit, Las Cruces, NM 88001
      View Details
    • Contact for pricing
      15,589 SF

      Office Building in Research Park

      Office building with long-term leases in Arrowhead Research Park.
      4605 Research Park Cir, Las Cruces, NM 88001
      View Details
    • $399,000
      2,227 SF

      High-Traffic Commercial Property, Las Cruces

      Prominent corner lot ideal for retail or office use.
      1590 E Lohman Ave, Las Cruces, NM 88001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Office Space Available

      Office space for rent in historic downtown district.
      201 N Church St, Las Cruces, NM 88001
      View Details
    • Contact for pricing

      Renovated Office Space in Downtown

      Fully renovated office space in the heart of Las Cruces.
      519 E Lohman Ave, Las Cruces, NM 88001
      View Details
    • Contact for pricing

      Renovated Three-Story Office Building

      Comprehensively renovated office building with modern interiors and city views.
      277 E Amador Ave, Las Cruces, NM 88001
      View Details
    • Contact for pricing
      1,463 SF

      Las Cruces Office Space Available

      Office space for rent in Las Cruces, New Mexico.
      420 N Campo St, Las Cruces, NM 88001
      View Details
    • Contact for pricing
      4,137 SF

      Prime Commercial Space in Las Cruces

      Versatile space with high visibility in a central location.
      808-820 Spruce Ave, Las Cruces, NM 88001
      View Details
    • Contact for pricing
      1,605 SF

      Downtown Las Cruces Office Space

      Office space in the heart of Las Cruces' Downtown District.
      100 S Church St, Las Cruces, NM 88001
      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.
    301 Lohman Ave
    Las Cruces, NM 88001-3667
    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
    301 Lohman Ave, Las Cruces, NM, 88001
    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!