Asking $433,000
That is $61 per square foot on all 7,096 sf, priced about 38% under where we would list for full market value so that it moves quickly, and below every comparable Las Cruces commercial listing we found ($65–$164 asked).
| Strategy | $ / sf | Price | Who it fits | Pace |
|---|---|---|---|---|
| Full market | $98 | $695,000 | Patient owner-user or investor; room to negotiate | Slower |
| Priced to sell This price | $61 | $433,000 | Owner-users, makers, galleries, distribution, investors who can close quickly | Fastest |
Price per square foot is on the 7,096 sf the county assessor records for the building. Land is 0.28 acre per survey (0.30 acre / 13,068 sf on the county rolls).
Comparable Las Cruces listings
| Property | Type | Size | Asking | $ / sf | Days listed |
|---|---|---|---|---|---|
| 401 N Mesilla St (this property) | Showroom + warehouse, one building | 7,096 sf | $433,000 | $61 | — |
| 400 N 17th St | Warehouse/office, 1984, 14′ clear | 12,000 sf | $785,000 | $65 | 224 |
| 3225 S Main St | Small commercial, 2 buildings | 5,202 sf | $475,000 | $91 | — |
| 311 Southgate Ct | Flex/industrial, 50% leased | 18,926 sf | $2,000,000 | $106 | 792 |
| 909 W Amador Ave | Industrial | 6,000 sf | $935,000 | $156 | — |
| 2260 S Locust St | Former coffee shop/brewery | 3,018 sf | $495,000 | $164 | — |
Asking prices from public listings (Crexi, CARNM and broker pages), October 2026. These are what sellers are asking, not what buyers paid; closed sales were not available. A dash means the listing page did not show days on market.
Asking price per square foot
What you get
1,396 sf street-front showroom, 1,500 sf studio/office wing and a 4,200 sf Quonset warehouse with 18′ clear, on a 4-ft loading-dock-height foundation.
Location
Alameda Depot rail corridor, in an Opportunity Zone and outside the FEMA flood zone. City water, sewer and gas.
Why it is priced low
1950 construction in average condition. We would rather close this quarter than wait for the top of the range.
Interested in 401 N Mesilla?
Ask a question or arrange a showing. We reply by email, usually within a day.