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311 Southgate Ct Las Cruces, NM 88005-3802

OFF-MARKET Warehouses Google Maps
16,204 SF 1.36 ac lot Built 2008
Entity Owned ~ Est. High Equity
Estimated value (blended)
$450k
Range $405k – $495k (±10%)
Property ID US61-0318120

Property summary

AI-generated overview

This exceptional industrial flex property, located at 311 Southgate Ct in Las Cruces, New Mexico, presents a compelling investment opportunity. The ±18,926 square foot building sits on a ±1.68-acre lot and boasts a 2008 construction date. The property features impressive ceiling heights ranging from 16 to 22 feet, providing ample vertical space for various uses. Climate control is ensured with refrigerated air throughout the building, powered by six 8-ton units. The property is zoned M1, offering flexibility for a range of industrial and commercial applications. Its strategic location offers convenient access to Interstate 10, situated approximately 1.5 miles away. Currently, 50% of the space is leased through November 2026, providing immediate income potential. The asking price for this well-maintained and strategically located property is $2,000,000. This represents a significant opportunity to acquire a substantial industrial flex space in a growing New Mexico market with existing lease income. The property's size, features, and location make it ideal for a variety of businesses seeking a functional and well-equipped space in Doña Ana County, zip code 88005.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2008
Total area 16,204 SF
Lot 1.36 ac (59,285 SF)
Zoning code LT-MANUFACTR
APN 4-005-136-437-107
UPID US61-0318120

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Group
  • Garden Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$450k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

LT-MANUFACTR · Las Cruces, NM
Top alternative use upside
Office building $1.8M +126.8%
Restaurant $1.7M +115.6%
Apartment house (5+ units) $1.4M +79.7%

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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