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    3570 Northrise Dr Las Cruces, NM 88011
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    3570 Northrise Dr Las Cruces, NM 88011

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    • Commercial land
    For Sale
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    Prime Land in Growing Area For Sale
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    Prime Land in Growing Area

    Land with high visibility near retail and residential developments.

    3570 Northrise Dr, Las Cruces, NM 88011
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    Property ID
    US61-0298000
    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

    • Commercial land

    Property Details for 3570 Northrise Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Located in the fastest growing retail and residential trade area in Las Cruces Site is between Metro Verde and Sonoma Ranch Golf Community - the two largest master planned communities in Las Cruces Close proximity to major retailers such as Wal-Mart Super Center, Walgreen’s, Verizon, Mister Car Wash, Dutch Bros, Taco Bell, Panda Express and more Located near Highland Elementary School, Sonoma Elementary School, and Organ Mountain High School - 3,200+ combined students 1.5 Miles away from Doña Ana Community College (East Mesa Campus) Excellent visibility from Highway 70

    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
    -106.7431345
    Latitude
    32.3654832

    Comparable in this City

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      Land Near Community College Campus

      Commercial land for rent near Dona Ana Community College.
      3570 Northrise Dr, Las Cruces, NM 88011
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      Highway 70 Visibility Land

      Commercial land with excellent highway visibility in growing area.
      3400 Bataan Memorial E, Las Cruces, NM 88011
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      Commercial Land Near Highway 70

      Commercial vacant land with high visibility and easy highway access.
      2951 E Northrise Dr, Las Cruces, NM 88011
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    • New
      $199,900
      5.61 Acres

      Commercial Land in Las Cruces

      5.61-acre commercial corner lot with utilities and road frontage.
      8150 Bataan Memorial E, Las Cruces, NM 88011
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    Similar Nearby for Sale

    • $229,000
      1.34 Acres

      Las Cruces Commercial Land

      Prime 1.34-acre commercial land in fast-growing East Mesa.
      5702 E Bataan Memorial, Las Cruces, NM 88011
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      Land Near Community College Campus

      Commercial land for rent near Dona Ana Community College.
      3570 Northrise Dr, Las Cruces, NM 88011
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      Highway 70 Visibility Land

      Commercial land with excellent highway visibility in growing area.
      3400 Bataan Memorial E, Las Cruces, NM 88011
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      Commercial Land Near Highway 70

      Commercial vacant land with high visibility and easy highway access.
      2951 E Northrise Dr, Las Cruces, NM 88011
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    • New
      $199,900
      5.61 Acres

      Commercial Land in Las Cruces

      5.61-acre commercial corner lot with utilities and road frontage.
      8150 Bataan Memorial E, Las Cruces, NM 88011
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    • Contact for pricing

      Las Cruces Land For Sale

      1.25 acre lot zoned I2 off Bataan Memorial.
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    Similar Nearby for Lease

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      Highway 70 Development Land

      7.5 acre parcel in Wal-Mart anchored development.
      152 Us Highway 70, Las Cruces, NM 88011
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      Prime Land on Telshor Blvd

      Development opportunity on a main retail corridor with high visibility.
      Telshor Blvd, Las Cruces, NM 88011
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      Land in Arrowhead Business Park

      Land for research, development, and light manufacturing in Las Cruces.
      Cholla Rd, Las Cruces, NM 88011
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      7.5 Acre Retail Development Land

      Prime commercial land for development in a high-traffic retail area.
      3497 E Northrise Dr, Las Cruces, NM 88011
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      Highway 70 Development Land

      7.5 acre commercial land parcel in Las Cruces, NM
      4171 E Northrise Dr, Las Cruces, NM 88011
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      Land Near Sonoma Ranch Blvd

      Land with excellent access and high-traffic location.
      4520 Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
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    Las Cruces, NM 88011
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    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
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