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505 Venture Dr Las Cruces, NM 88007-9025

OFF-MARKET Warehouses Google Maps
45,030 SF 15 ac lot Built 2009
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$890k
Range $801k – $979k (±10%)
Property ID US61-0244123

Property summary

AI-generated overview

This exceptional multi-tenant industrial property, located at 505 Venture Dr, Las Cruces, NM 88007, offers 40,050 square feet of versatile space ideal for manufacturing, warehousing, or distribution operations. The building features a substantial 26-foot clear ceiling height, providing ample room for high-volume storage and operations. Access is facilitated by four drive-in doors, strategically positioned on both the north and south sides of the warehouse, along with nine total grade-level doors for efficient loading and unloading. The property boasts a robust electrical service of 800-amp, 3-phase-4-wire, 480-volt, supported by a 2500 KVA transformer, ensuring reliable power for demanding industrial applications. The office area is equipped with HVAC for comfortable working conditions. Situated in Doña Ana County, this property presents a significant opportunity for businesses seeking a well-equipped and strategically located industrial space in a thriving New Mexico market. The property is zoned for industrial use and is ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, multi-tenant industrial building in a prime location. Contact us today to schedule a showing.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2009
Total area 45,030 SF
Lot 15 ac (653,400 SF)
Zoning code REMOTE-MESA
APN 3-002-138-494-398
UPID US61-0244123

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$890k

Owner & transaction history

since 2024
7 recorded transactions
2026
Price N/A
2024
Price N/A
2016
Price N/A
2014
Price N/A
2014
Price N/A
2008
Price N/A
2007
Price N/A

Zoning & alternative use

REMOTE-MESA · Las Cruces, NM

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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