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Property profile & analytics
OFF-MARKET
Commercial real estate

711 Alamosa Ave Las Cruces, NM 88005

42.13 ac lot
Entity Owned 5-yr Hold
Property ID
US61-0179216
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 42.13 ac (1,835,183 SF)
UPID US61-0179216
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dry Creek Ranch LLC · 5 yrs held
Dry Creek Ranch LLC
since 2020
3 recorded transactions
2024
Price N/A
2024
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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