311 Southgate Ct Las Cruces, NM 88005
Property profile & analytics
311 Southgate Ct Las Cruces, NM 88005
- Warehouses
- 16,204 SF
- 1.36 lot acres
Property ID
US61-0318120
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.
Location Intelligence
Current Use by Public Records
- Marhefka Medical Group / Medical Group
- Tom's Pest Control Service / Garden Center
Property Details for 311 Southgate Ct
- Year built
- 2008
- Lot size
- 1.36 lot acres
- Property size
- 16,204 SF
- Zone code
- LT-MANUFACTR
- Property type
- Warehouses
- APN
- 4-005-136-437-107
- APU
- 4005136437107
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,055,000
Market price range: $455k - $1.06M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $770,000 Current use
- OFFICE BUILDING
- $1,750,000 Change: +127% Conversion: Difficult
- RESTAURANT
- $1,665,000 Change: +116% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,390,000 Change: +80% Conversion: Difficult
- RETAIL STORES
- $1,310,000 Change: +70% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $1,055,000 Change: +37% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.806
- Latitude
- 32.2982
- 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
$11,733
$88,933
$255,134
$344,067
-
$266,800
$765,402
$1,032,202
