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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
1000 Main St Las Cruces, NM 88001-1176
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US61-0140239
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Total area
4,812 SF
Lot
0.33 ac (14,375 SF)
Zoning code
GEN-COMMERCL
APN
4-007-134-161-451
UPID
US61-0140239
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advocate Services-Las Cruces Law Firm
-
Guscuts Barber Shop
-
Lucky massage 66 Alternative Medicine Practice Spa & Massage Center
-
Viola Neuschwanger, R1 of Las Cruces, New Mexico Real Estate Agency
-
Elizabeth N Valencia Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$525k
Owner & transaction history
Rochelle Shamaley Middleton · 1 yrs held
Rochelle Shamaley Middleton
since 2024
7 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Cruces submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Cruces submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$109 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,764
Tax year 2023
Assessed value
$110,381
Assessed 2023
Previous assessed
$110,381
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$23,958
Assessed improvement
$86,423
Land market value
$71,875
Improvement market value
$259,268
Total market value
$331,143
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Heating
NONE
Total area
4,812 SF
Lot
0.33 ac (14,375 SF)
Zoning code
GEN-COMMERCL
APN
4-007-134-161-451
UPID
US61-0140239
Jurisdiction
DONA ANA
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Zoning GEN-COMMERCL · permitted uses
GEN-COMMERCL · Las Cruces, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Las Cruces. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$570,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
Rochelle Shamaley Middleton
Individual
Mailing address
200 BARTLETT DR STE #105, EL PASO, TX 79912-1628
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Rochelle Shamaley Middleton
Micbce Investments LLC
Special Warranty Deed
$456,000 · First Light Federal Credit Union
Oct 1, 2018
—
Micbec Investments LLC
State Finance Company INC
Warranty Deed
$327,250 · Weststar Bank
Aug 3, 2018
—
James A Freeman
—
Deed
related
$146,950 · Wells Fargo Bk
Sep 19, 2013
—
State Fin
Vizcarra,manuel & Gloria M
Warranty Deed
related
—
Sep 16, 2008
—
Manuel Vizcarra
—
Trustees Deed
related
$140,000 · Isabel E Haering
—
—
State Fin
—
Deed Of Trust
related
$500,000 · Citizens Bk/las Cruces
—
—
James A Freeman
—
Deed Of Trust
related
$146,950 · Wells Fargo Bk
—
—
Manuel Vizcarra
—
Deed Of Trust
related
$40,000 · Coral L Haering
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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