Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    675 Avenida De Mesilla Las Cruces, NM 88005-3101

    • Office Properties & Spaces
    • 12,758 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-1287241
    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.

    Current Use by Public Records

    • Robert Stack, MD / Physician
    • Williams Llewelyn A MD / Physician / Medical Clinic
    • Dr. David M. Barrera / Physician
    • Dr. Mahli Michael, MD / Physician

    Property Details for 675 Avenida De Mesilla

    Year built
    1987
    Construction
    FRAME
    Lot size
    1.25 lot acres
    Property size
    12,758 SF
    Zone code
    GEN-COMMERCL
    Property type
    Office Properties & Spaces
    APN
    4-006-136-505-326
    APU
    4006136505326

    Description

    This exceptional 15,725 square foot medical office building presents a unique investment opportunity in Las Cruces, New Mexico. Located at 675 Avenida de Mesilla, this two-story building offers a completely vacant space, providing a blank canvas for a new tenant or the potential for redevelopment. The property boasts a single-tenant configuration, simplifying management and maximizing efficiency. Situated in Doña Ana County, with a convenient zip code of 88005, the building benefits from excellent visibility and accessibility. The property's size and location make it ideal for a variety of medical practices or healthcare-related businesses. The entire 15,725 square feet is currently available, offering significant potential for customization and expansion. This is a rare opportunity to acquire a substantial medical office building in a thriving New Mexico market. The property's strategic location in Las Cruces ensures high visibility and easy access for patients and staff. With its substantial square footage and prime location, this property is poised for immediate occupancy and long-term success. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,885,000
      6.5%
      $1,740,000
      7%
      $1,615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,398,000
      Market price range: $584k - $1.95M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,430,000
      Current use
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $1,380,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $1,310,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.786
    Latitude
    32.2925
    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
    $18,179
    $90,750
    $442,319
    $533,069
    -
    $272,250
    $1,326,958
    $1,599,208

    Comparable in this City

    • Value Estimation by Request
      13,831 SF

      1773 Buildtek Ct

      Distribution properties • 13,831 SF
      1773 Buildtek Ct, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request
      1,624 SF

      1340 Vly Dr

      OFFICE (GENERAL) • 1,624 SF
      1340 Vly Dr, Las Cruces, NM 88005-3158
      View Details
    • Value Estimation by Request
      1,891 SF

      608 Alameda Blvd

      OFFICE (GENERAL) • 1,891 SF
      608 Alameda Blvd, Las Cruces, NM 88005-2817
      View Details
    • Value Estimation
      $4,075,000
      29,794 SF

      390 Calle De Alegra

      OFFICE (GENERAL) • 29,794 SF
      390 Calle De Alegra, Las Cruces, NM 88005-3280
      View Details
    • Value Estimation
      $1,470,000
      11,147 SF

      1135 Main St

      OFFICE (GENERAL) • 11,147 SF
      1135 Main St, Las Cruces, NM 88005-2946
      View Details
    • Value Estimation
      $995,000
      7,334 SF

      Las Cruces, NM 88005

      OFFICE (GENERAL) • 7,334 SF
      Las Cruces, NM 88005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,800 SF

      Mesilla Valley Office Portfolio

      63,800 SF Office Space, Multi-Tenant, NNN Lease
      1630- Hickory Loop, Las Cruces, NM 88005
      View Details
    • $950,000
      6,000 SF

      Las Cruces Office/Warehouse with Yard

      Office and warehouse space with fenced yard in Las Cruces.
      2261 Copper Loop, Las Cruces, NM 88005
      View Details
    • New
      $260,000
      Pending

      Las Cruces Commercial Property

      Commercial property in high-traffic location with tenants in place.
      2700 Elks Dr, Las Cruces, NM 88005
      View Details
    • $69,000
      0.24 Acres

      Las Cruces Multifamily Land Investment

      0.24-Acre R2 Zoned Lot, Great Potential
      1245 Van Patten Ave, Las Cruces, NM 88005
      View Details
    • $696,088
      1.89 Acres

      Las Cruces Industrial Land - $696K

      Prime 1.888-acre corner lot, M-1 zoning.
      401 Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing

      Land Parcels Near Business Park

      Land parcels for sale near business park and national chains.
      Hickory Loop, Las Cruces, NM 88005
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Las Cruces Office & Land Opportunity

      Prime Commercial Property, Single Tenant
      410 Valley Dr, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      3,000 SF

      Office Space in Las Cruces

      Office space available for lease in Las Cruces, NM.
      1630-1680 Hickory Loop, Las Cruces, NM 88005
      View Details
    • $600 /Mo
      400 SF

      Economical Office/Retail Space Downtown

      Affordable office/retail spaces available in downtown area.
      121 Wyatt Dr, Las Cruces, NM 88005
      View Details
    • $14 SF/Yr
      2,076 SF

      Prime Corner Office Space Available

      Office space for rent in the heart of Las Cruces.
      1125 1St St, Las Cruces, NM 88005
      View Details
    • $20 SF/Yr
      5,000 SF

      Las Cruces Retail Space For Lease

      Starbucks-Anchored Center, 1,250 SF Available
      1500 Valley Dr, Las Cruces, NM 88005
      View Details
    • $2,200 /Mo
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    675 Avenida De Mesilla
    Las Cruces, NM 88005-3101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.