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    642 Alameda Blvd Las Cruces, NM 88005-2801
    Property profile & analytics

    642 Alameda Blvd, Las Cruces, NM 88005-2801

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    • Retail space
    • 5,350 SF
    • 0.74 lot acres
    Off-Market
    Last Sale Jul 11, 2022
    Property ID
    US61-0330144
    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
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Associates For Counseling / Physician / Medical Clinic
    • AIM Las Cruces / Alternative Medicine Practice
    • Pentecost International Worship Centre - Las Cruces / Church
    • Jane L. Grider / Counselor
    • Las cruces smoke shop / (Bike/Boat/Book/etc) Store

    Property Details for 642 Alameda Blvd

    Year built
    1960
    Lot size
    0.74 lot acres
    Zone code
    GEN-COMMERCL
    Property type
    Retail space
    APN
    4-007-135-189-423
    APU
    4007135189423

    Description

    This exceptional single-tenant office space, totaling 1,294 square feet, is ideally situated at 642 S Alameda Blvd, Suite B, Las Cruces, New Mexico, 88005. The property, built in 1960, benefits from a convenient corner location at the intersection of El Molino and South Alameda Boulevard. The building features a total of seven offices and offers ample parking with ten spaces available. The suite itself is located on the left side of the building. This traditional office space is perfect for a variety of businesses and is currently vacant, presenting an immediate opportunity for occupancy. The property is zoned C2 and has an APN of 4-007-135-189-423 within Doña Ana County. The building's square footage is entirely available for lease, providing a significant space for a single tenant. This location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Las Cruces. The property presents a rare opportunity to secure a well-located, sizable office space in a thriving New Mexico market.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $325,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $526,000
      Market price range: $229k - $619k
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $435,000
      Current use
      AUTO REPAIR, GARAGE
      $630,000
      Change: +46% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $600,000
      Change: +39% Conversion: Easy
      OFFICE BUILDING
      $580,000
      Change: +34% Conversion: Easy
      RESTAURANT
      $550,000
      Change: +27% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $460,000
      Change: +6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $350,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.78
    Latitude
    32.304
    CBSA code
    29740
    CBSA name
    LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,100
    $42,932
    $106,634
    $149,566
    -
    $128,796
    $319,901
    $448,697
    More about this property
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