311 Southgate CtLas Cruces, NM 88005

  • Industrial properties
  • 16,204 SF
For Sale
$2,000,000 View listing

Property Details for 311 Southgate Ct

Year built
2008
Lot size
1.36 AC
Property size (Sq ft)
16,204 SF
Zone code
LT-MANUFACTR
Property type
Industrial properties
Property subtype
Other warehouses
APN
4-005-136-437-107
APU
4005136437107

Description

This exceptional industrial flex property, located at 311 Southgate Ct in Las Cruces, New Mexico, presents a compelling investment opportunity. The ±18,926 square foot building sits on a ±1.68-acre lot and boasts a 2008 construction date. The property features impressive ceiling heights ranging from 16 to 22 feet, providing ample vertical space for various uses. Climate control is ensured with refrigerated air throughout the building, powered by six 8-ton units. The property is zoned M1, offering flexibility for a range of industrial and commercial applications. Its strategic location offers convenient access to Interstate 10, situated approximately 1.5 miles away. Currently, 50% of the space is leased through November 2026, providing immediate income potential. The asking price for this well-maintained and strategically located property is $2,000,000. This represents a significant opportunity to acquire a substantial industrial flex space in a growing New Mexico market with existing lease income. The property's size, features, and location make it ideal for a variety of businesses seeking a functional and well-equipped space in Doña Ana County, zip code 88005.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,837,745
    Hospitality
    $1,683,365
    Educational
    $1,400,540
    Medical
    $1,448,706
    Retail
    $2,178,618
311 Southgate Ct, Las Cruces, New Mexico

Location Insight

City
Las Cruces
County
Dona Ana
State
New Mexico
Latitude
32.2982
Longitude
-106.806
CBSA code
29740
CBSA name
LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,733
$88,933
$255,134
$344,067
-
$266,800
$765,402
$1,032,202

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