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    Property profile & analytics

    1009 El Paseo Rd Las Cruces, NM 88001-6029

    • Drive through restaurants
    • 3,189 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    Apr 28, 2022
    Location Intelligence
    Property ID
    US61-0316876
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taqueria El Cometa / Mexican Restaurant

    Property Details for 1009 El Paseo Rd

    Year built
    1982
    Lot size
    1.08 lot acres
    Property size
    3,189 SF
    Zone code
    GEN-COMMERCL
    Property type
    Drive through restaurants
    APN
    4-007-136-367-036
    APU
    4007136367036

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.774
    Latitude
    32.3001
    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
    $7,298
    $70,568
    $143,440
    $214,008
    -
    $211,703
    $430,321
    $642,024

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      1305 University Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,440 SF
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    • Value Estimation by Request
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      700 Solano Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 571 SF
      700 Solano Dr, Las Cruces, NM 88001-3245
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      $405,000
      1,974 SF

      2583 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,974 SF
      2583 Main St, Las Cruces, NM 88001-1157
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    • Value Estimation
      $415,000
      2,318 SF

      2460 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,318 SF
      2460 Main St, Las Cruces, NM 88001-1135
      View Details
    • Value Estimation
      $465,000
      2,813 SF

      1155 El Paseo Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,813 SF
      1155 El Paseo Rd, Las Cruces, NM 88001-6027
      View Details
    • Value Estimation by Request
      1,670 SF

      1605 Solano Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,670 SF
      1605 Solano Dr, Las Cruces, NM 88001-5406
      View Details

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    Similar Nearby for Lease

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      Retail Center with Grocery Anchor

      Retail center anchored by grocery store and junior co-tenants.
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    • Contact for pricing
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    1009 El Paseo Rd
    Las Cruces, NM 88001-6029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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