201 Church StLas Cruces, NM 88001

Property Details for 201 Church St

Year built

1983

Construction

CONCRETE

Lot size

1.47 AC

Property size (Sq ft)

12,922 SF

Zone code

CBD

Property type

Office properties

APN

4-007-135-233-152

APU

4007135233152

Description

The BMO Building, a three-story, 46,848 square foot executive office building, presents a unique opportunity in the heart of the historic downtown district. Built in 1983, this single building sits on a 1.47-acre lot and offers multiple tenancy options, with available spaces ranging from 690 to 6,760 square feet. The building boasts 63 total parking spaces, providing ample convenience for tenants and their clients. A modern elevator ensures easy access to all three floors. The property's DDC-MS zoning allows for a variety of commercial uses. Its prime location offers exceptional walkability to a diverse array of restaurants, entertainment venues, and governmental services. Tenants will enjoy great office views and the benefit of a full-service lease, including janitorial services. This is an exceptional opportunity to secure prestigious office space in a vibrant and convenient downtown location. The building's address is conveniently located near W Las Cruces Ave. This property offers a blend of classic architecture and modern amenities, making it an ideal location for businesses seeking a prominent downtown presence.

• CAP approach

  CAP return

  Valuation

  6%

  $1,280,364

  6.5%

  $1,181,874

  7%

  $1,097,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,150,221

  Geo Method

  $2,150,221

• Alternative Use

  Use

  Valuation

  Residential

  $1,465,524

  Hospitality

  $1,342,412

  Educational

  $1,116,871

  Medical

  $1,155,282

  Retail

  $1,737,355

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.3109

Longitude

-106.778

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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