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Property profile & analytics
OFF-MARKET Estimated value $1,570,000
Office Spaces

675 Avenida De Mesilla Las Cruces, NM 88005-3101

12,758 SF 1.25 ac lot Built 1987
Entity Owned 7-yr Hold Free & Clear
Property ID
US61-1287241
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1987
Construction FRAME
Total area 12,758 SF
Lot 1.25 ac (54,450 SF)
Zoning code GEN-COMMERCL
APN 4-006-136-505-326
UPID US61-1287241
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
  • Robert Stack, MD Physician
  • Williams Llewelyn A MD Physician Medical Clinic
  • Dr. David M. Barrera Physician
  • Dr. Mahli Michael, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.74M
Comparable Approach Comparable
$1.40M
Blend (final) Blend
$1.57M
Owner & transaction history
GMR LAS CRUCES LLC
GMR LAS CRUCES LLC
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.5M +5.3%
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