711 Alamosa Ave Las Cruces, NM 88005
This exceptional 42.13-acre commercial land parcel presents a remarkable investment opportunity in Las Cruces, New Mexico. Located on 711 Alamosa Ave, this property boasts a prime location adjacent to the Mesilla town boundary, offering unparalleled convenience and accessibility. Priced at $10,900,000 ($6+ per square foot), this land commands attention with its stunning views of the Organ Mountains. The property's strategic position provides easy access to Interstate 10, enhancing its appeal for various development projects. Currently zoned "in holding," this allows for future planning of multi-family or commercial developments. Adding to its allure, the property is within walking distance of a vibrant array of amenities, including restaurants, fitness centers, wineries, and bars. Its proximity to the historic Mesilla Plaza (just one mile away) further enhances its desirability. The property's design incorporates two access points, maximizing development potential and flexibility. This presents a unique chance to create a significant development in a highly sought-after area of Las Cruces. The combination of location, views, and zoning makes this a truly exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.