400 N 17Th St Las Cruces, NM 88005
For Sale
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Property summary
This exceptional 12,000-square-foot industrial warehouse is available for lease in Las Cruces, New Mexico. Located at 400 N Seventeenth St, 88005, this single-tenant property sits on a 6.447-acre lot and offers a functional layout ideal for various industrial uses. Built in 1984, the warehouse features a single story with a 14-14 foot ceiling height, providing ample vertical space for storage or operations. Access is convenient with one in-ground loading dock and three 12-foot drive-in doors. The property includes climate control, adding to its functionality and appeal. Additional features include ADA-compliant restrooms and a secured fenced yard. Utilities are provided by El Paso Electric. The property is zoned M1 - LT-MANUFACTR, suitable for light manufacturing and related businesses. Given the current tight supply in the Las Cruces industrial market, this represents a strong opportunity to secure a well-maintained and functional warehouse space. The existing office space offers potential for a small retail setup or administrative functions, enhancing the property's versatility. This property is expected to lease quickly.
Property profile
VerifiedCap rate & NOI
Current use
-
Hardware & Home Improvement Furniture & Home Goods
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Las Cruces market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LT-MANUFACTR · Las Cruces, NMZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LT-MANUFACTR in Las Cruces, NM.
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