742 Lohman AveLas Cruces, NM 88001
- Retail properties
- 480 SF
Property Details for 742 Lohman Ave
- Year built
- 1966
- Lot size
- 0.37 AC
- Property size (Sq ft)
- 480 SF
- Zone code
- GEN-COMMERCL
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 4-007-135-472-301
- APU
- 4007135472301
Description
This exceptional investment opportunity presents a 480-square-foot auto shop located at 742 E Lohman Ave, Las Cruces, NM 88001, in Doña Ana County. The property, built in 1966 and renovated in 2001, sits on a 0.373-acre lot (16,250 sq ft) and is zoned C2. The single-story building features one unit with a price per square foot of $937.50. The land value is $27.69 per square foot. Significant improvements include a 1,925-square-foot canopy and three storage units, one measuring 30' x 30'. The property is fully chain-link fenced and benefits from a highly visible corner lot location in Downtown Las Cruces. A 12' x 12' lighted sign enhances visibility. The property boasts a 2022 average annual weekday traffic count of 13,694 vehicles. This owner-user opportunity offers a strong return on investment in a thriving downtown area. The APN is 4-007-135-472-301.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $69,914
- 6.5%
- $64,536
- 7%
- $59,926
-
Comparable approach
- Method
- Valuation
- Relative Method
- $201,277
- Geo Method
- $201,277
-
Alternative Use
- Use
- Valuation
- Residential
- $54,438
- Hospitality
- $49,865
- Educational
- $41,487
- Medical
- $42,914
- Retail
- $64,536
Location Insight
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Latitude
- 32.3073
- Longitude
- -106.771
- CBSA code
- 29740
- CBSA name
- LAS CRUCES, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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