1500 Valley DrLas Cruces, NM 88005

Property Details for 1500 Valley Dr

Year built

2006

Construction

FRAME

Lot size

1.26 AC

Property size (Sq ft)

5,040 SF

Zone code

GEN-COMMERCL

Property type

Retail space

APN

4-007-136-032-376

APU

4007136032376

Description

This exceptional 5,000 square foot retail center in Las Cruces, New Mexico, presents a fantastic leasing opportunity. Located at 1500 S Valley Dr, 88005, this single-story Class B property sits on 1.2 acres of land at a high-traffic corner intersection of Valley Drive and Rigsby. The center enjoys a prime location as a shadow anchor to a Walmart Supercenter, ensuring high visibility and consistent foot traffic. Currently, the center houses a Starbucks, Cricket Wireless, a nail salon, and a smoke shop, creating a diverse and established tenant mix. An automated car wash is slated for construction directly across the street, further enhancing the area's appeal and traffic flow. The available space, totaling 1,250 square feet, was previously occupied by a hair salon and is being offered with existing eight-station salon equipment in place. This presents a unique opportunity for a salon business, with no franchise requirements. The property's strategic location, strong tenant mix, and existing salon equipment make this an ideal investment for a variety of retail businesses seeking a thriving location in Las Cruces. The property is classified as Retail and Special Purpose.

• CAP approach

  CAP return

  Valuation

  6%

  $734,094

  6.5%

  $677,625

  7%

  $629,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,113,413

  Geo Method

  $2,113,413

• Alternative Use

  Use

  Valuation

  Residential

  $571,602

  Hospitality

  $523,584

  Educational

  $435,616

  Medical

  $450,597

  Retail

  $677,625

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Latitude

32.2908

Longitude

-106.785

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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