400 17Th StLas Cruces, NM 88005

Property Details for 400 17Th St

Year built

1984

Lot size

0.64 AC

Property size (Sq ft)

12,000 SF

Zone code

LT-MANUFACTR

Property type

Warehouses

APN

4-006-135-030-408

APU

4006135030408

Description

This exceptional 12,000-square-foot industrial warehouse is available for lease in Las Cruces, New Mexico. Located at 400 N Seventeenth St, 88005, this single-tenant property sits on a 6.447-acre lot and offers a functional layout ideal for various industrial uses. Built in 1984, the warehouse features a single story with a 14-14 foot ceiling height, providing ample vertical space for storage or operations. Access is convenient with one in-ground loading dock and three 12-foot drive-in doors. The property includes climate control, adding to its functionality and appeal. Additional features include ADA-compliant restrooms and a secured fenced yard. Utilities are provided by El Paso Electric. The property is zoned M1 - LT-MANUFACTR, suitable for light manufacturing and related businesses. Given the current tight supply in the Las Cruces industrial market, this represents a strong opportunity to secure a well-maintained and functional warehouse space. The existing office space offers potential for a small retail setup or administrative functions, enhancing the property's versatility. This property is expected to lease quickly.

• CAP approach

  CAP return

  Valuation

  6%

  $2,636,700

  6.5%

  $2,433,880

  7%

  $2,260,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,194,880

  Geo Method

  $3,194,880

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,251,030

  Mixed-Use / Specialty

  $1,248,890

  Hospitality / Lodging

  $919,291

  Office

  $1,243,890

  Institutional / Educational

  $1,299,170

  Residential Income

  $1,520,030

  Multifamily

  $1,810,170

  Automotive / Energy

  $1,113,570

  Parking / Income-Based Land

  $381,987

  Restaurant / Food Service

  $654,510

  Healthcare / Senior Housing

  $1,278,330

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.3044

Longitude

-106.803

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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