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Property profile & analytics
OFF-MARKET
Individual retail properties

908 Solano Dr Las Cruces, NM 88001-3802

1,022 SF 0.15 ac lot Built 1945
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US61-1631563
Property summary
AI-generated overview

This exceptional storefront property at 908 S Solano Dr, Las Cruces, NM 88001, presents a fantastic investment opportunity. The 1,022 square foot building sits on a 6,500 square foot lot and is currently vacant, offering immediate occupancy. Recently renovated, the space is ready for a new tenant. The asking price is $249,000, translating to a price per square foot of $243.64. The property's classification is retail, specifically a storefront, and is part of a larger potential acquisition. A joint sale opportunity exists with the adjacent property at 1007 El Paseo, offering a combined purchase price of $695,000 for both properties. This location in Doña Ana County provides excellent visibility and accessibility, making it ideal for a variety of retail businesses. The property's single building structure offers simplicity and ease of management. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed information regarding the joint sale opportunity is available upon request. This is a rare chance to acquire a newly renovated, well-located storefront in a thriving market.

Property profile
Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1945
Construction ADOBE
Total area 1,022 SF
Lot 0.15 ac (6,500 SF)
Zoning code GEN-COMMERCL
APN 4-008-135-151-445
UPID US61-1631563
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
  • Outpost Cannabis (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Elisa Valdes · 4 yrs held
Elisa Valdes
since 2022
5 recorded transactions
2022
Price N/A
2022
Price N/A
2016
Price N/A
2008
Price N/A
2004
Price N/A
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source land development code
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