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Property profile & analytics
FOR SALE
Warehouses

400 N 17Th St Las Cruces, NM 88005

12,000 SF 0.64 ac lot Built 1984
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US61-0169575
Property summary
AI-generated overview

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
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Total area 12,000 SF
Lot 0.64 ac (28,084 SF)
Zoning code LT-MANUFACTR
APN 4-006-135-030-408
UPID US61-0169575
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sher-Wood Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sher-wood Properties LLC · 6 yrs held
Sher-wood Properties LLC
since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A
Zoning & alternative use
LT-MANUFACTR · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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