Holman Rd & Stanley Rd

Subject: 58‑Acre Development Opportunity in Las Cruces, NM – Ideal for Single‑ and Multi‑Family Projects

Good morning!

Maestas Real Estate and NM Apartment Advisors Inc. are delighted to present a rare 58‑acre land opportunity in Las Cruces, New Mexico. This generational property sits near the confluence of Interstate 10 and Interstate 25 and is ready for transformation into a high‑quality residential community. Preliminary engineering indicates the site could support a mix of low‑density single‑family homes or a higher‑density multifamily community, making it a compelling option for builders looking to capture the region’s surging demand for housing.

Key highlights of the property

• Prime location: Minutes from New Mexico State University (NMSU), the White Sands Test Facility and White Sands Missile Range—some of the area’s largest employers .  The property enjoys frontage along a major arterial road and easy access to I‑10/I‑25, giving residents quick connections to El Paso International Airport and the broader Southwest .
• Large, contiguous acreage: With approximately 58 acres, this site can accommodate approximately 200 duplex lots.  Existing utilities and nearby infrastructure make development straightforward.
• Generational offering: Held by the same family for decades, the land is now being offered for sale to meet housing demand driven by local job growth and institutional expansion.

Why invest in Las Cruces?

• Growing economy: Employment in Las Cruces expanded at a 2.0 percent annualized rate in the second quarter of 2025, adding roughly 400 jobs .  Year over year, total employment grew 1.5 percent (about 1,200 jobs) , with leisure and hospitality, professional and business services, and education and health services leading growth The unemployment rate dipped to 4.4 percent in June 2025 .
• Major employers and tech surge: Las Cruces hosts NMSU, the White Sands Test Facility, White Sands Missile Range and MountainView Regional Medical Center .  A booming tech sector added nearly $1.2 billion to the local economy in 2023 and now fuels almost 8 percent of GDP, with employers like White Sands Missile Range, Virgin Galactic and General Dynamics collectively employing more than 5,000 tech professionals .  NMSU produces over 500 STEM graduates each year , ensuring a continuous talent pipeline.
• Healthy housing market: In July 2025, the median sale price was $318 K, up 1.1 percent year‑over‑year, with homes selling in about 50 days on average and 126 homes sold, a 15.6 percent increase .  Despite modest price growth, inventory remains tight, pointing to ongoing demand for new product.

Development upside

By bringing new single‑family and multifamily homes to Las Cruces, you’ll help address a region‑wide housing shortage and tap into a market experiencing both population and job growth. Las Cruces’ strategic location near the U.S./Mexico border and interstate corridors makes it an emerging logistics and technology hub; high‑paying jobs in aerospace, defense and tech are attracting workers who need housing now. State programs may provide infrastructure loans or other incentives for qualified projects, potentially reducing capital costs and boosting returns.

Subject property might qualify for the next round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund – applications are open on a revolving basis – more info at https://www.nmfinance.com/opportunity-enterprise-housing-development-revolving-fund/

Next steps

Once you complete our online confidentiality agreement, we will send you detailed site plans, utility information and financial models.  We can also discuss potential eligibility for state financing.

Please reach out with any questions.  We look forward to helping you explore this exceptional development opportunity in one of New Mexico’s fastest‑growing cities.

Todd Clarke, CCIM CIPS

CEO, NM Apartment Advisors Inc.

(505) 440‑TODD – tclarke@nmapartment.com

Anita Maestas

Qualifying Broker & Owner, Maestas Real Estate Services, Inc.

(505) 463‑3565 – anita@maestasrealty.com

- 58 acres

- supports 237 homes on 237 lots

or

- support 474 duplexes on 237 lots