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    401 S Valley Dr Las Cruces, NM 88005

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    401 S Valley Dr Las Cruces, NM 88005

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    • Commercial land
    For Sale
    $696,088
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    Corner Lot with High Visibility For Sale
    $696,088

    Corner Lot with High Visibility

    Corner lot with excellent visibility and access to major roads.

    401 S Valley Dr, Las Cruces, NM 88005
    View Listing
    Property ID
    US61-0243736
    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

    • South Plains Implement / Big Box & Wholesale Store / Agricultural Supply

    Property Details for 401 S Valley Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Zoning: M-1 Corner lot with excellent visibility from two heavily traveled roads: West Amador Avenue (13,824 VPD) and South Valley Drive (20,854 VPD) Access from both S Valley Dr and Amador Ave Less than 1/5 miles from Interstate 10

    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
    -106.7920439
    Latitude
    32.3034752

    Comparable in this City

    • $220,000
      0.40 Acres

      Commercial Lot on Valley Drive

      Commercial lot with infrastructure in high-traffic Las Cruces area.
      2205 S Valley Dr, Las Cruces, NM 88005
      View Details
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      Land Parcels Near Business Park

      Land parcels for sale near business park and national chains.
      Hickory Loop, Las Cruces, NM 88005
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      Land Available For M-1 Users

      Land available for M-1 users with completed engineering design.
      1689 Pioneer Pl, Las Cruces, NM 88005
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      Commercial Land at Busy Intersection

      Commercial land for sale at a high-traffic intersection.
      1405 S Valley Dr, Las Cruces, NM 88005
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    • $150,000

      Corner Land Parcel For Sale

      Land parcel with excellent visibility and redevelopment potential.
      710 S Alameda Blvd, Las Cruces, NM 88005
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      Commercial Land in Rezoned Subdivision

      Land in a rezoned commercial subdivision with high traffic.
      114 Watson Ln, Las Cruces, NM 88005
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    Similar Nearby for Sale

    • $220,000
      0.40 Acres

      Commercial Lot on Valley Drive

      Commercial lot with infrastructure in high-traffic Las Cruces area.
      2205 S Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land in Growing Las Cruces

      Land available in vibrant Las Cruces, New Mexico market.
      101 Calle De Alegra, Las Cruces, NM 88005
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    • $199,000
      0.54 Acres

      Las Cruces Land For Sale

      Land in Dona Ana, New Mexico, with T4 zoning.
      375 Dusty Ln, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Corner Lot with Excellent Visibility

      Corner lot with access from two roads near Interstate 10.
      401 S Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land Ready for Development

      Land available for M-1 users with completed engineering.
      1681 Pioneer Pl, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land Available For M-1 Users

      Land available for M-1 users with completed engineering design.
      1689 Pioneer Pl, Las Cruces, NM 88005
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Parcel For Lease

      1.8199 acre land parcel for lease or build-to-suit.
      1290 Avenida De Mesilla, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Las Cruces Industrial Land Parcel

      Industrial land parcel for lease in Las Cruces, NM.
      341 Southgate Ct, Las Cruces, NM 88005
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    • Contact for pricing

      Retail Space in Strip Center

      Retail space in Starbucks-anchored strip center on Walmart outparcel.
      1500 S Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      8,250 SF

      Industrial Warehouse Space Available

      8,250 SF warehouse on a corner lot for lease.
      421 N Mesilla St, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Warehouse Space for Lease

      Retail and warehouse space with great visibility and storage.
      384 S Melendres St, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      7,300 SF

      Retail Space in Las Cruces

      Available retail space with high visibility and accessibility.
      310 E Idaho Ave, Las Cruces, NM 88005
      View Details
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    401 S Valley Dr
    Las Cruces, NM 88005
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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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