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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Warehouses
1100 Madrid Ave, Las Cruces, NM 88001-1930
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0078308
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE
Total area
7,800 SF
Lot
2.71 ac (118,048 SF)
Zoning code
GEN-COMMERCL
APN
4-007-134-370-028
UPID
US61-0078308
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
-
Cubesmart Self Storage Storage Facility
-
U-Store-It Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$835k
Owner & transaction history
Best Usi Portfolio LLC · 8 yrs held
Best Usi Portfolio LLC
since 2017
4 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+87.0%
Office building
$1.0M
+76.6%
Auto repair, garage
$920,000
+60.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$575,000
Current use
RESTAURANT
$1,075,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$1,015,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$920,000
Change: +60% · Conversion: Easy
INDUSTRIAL (GENERAL)
$900,000
Change: +56% · Conversion: Easy
RETAIL STORES
$700,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$680,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$650,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$107 / 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
$15,828
Tax year 2023
Assessed value
$464,142
Assessed 2023
Previous assessed
$464,142
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$177,072
Assessed improvement
$287,070
Land market value
$531,216
Improvement market value
$861,209
Total market value
$1,392,425
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Bathrooms
2
Total area
7,800 SF
Lot
2.71 ac (118,048 SF)
Zoning code
GEN-COMMERCL
APN
4-007-134-370-028
UPID
US61-0078308
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
WAREHOUSE, STORAGE Current
Est. value
$575,000
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$900,000
RETAIL STORES
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$650,000
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Bathrooms
2
Lot
2.71 ac
Current owner
From public records · entity-resolved
Best Usi Portfolio LLC
Entity
Mailing address
7065 INDIANA AVE STE #300, RIVERSIDE, CA 92506-4167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
—
Best Usi Portfolio LLC
—
Loan Modification, Consolidation And Extension
related
$18,025,000 · Mufg Union Bk NA
Oct 10, 2017
—
Best Usi Portfolio LLC
Moneyball Investors I LLC
Grant Deed
$17,625,000 · Mufg Union Bk NA
Aug 27, 2012
—
Moneyball Investors I LLC
Ysi Xxv LP
Grant Deed
$5,250,000 · Cubesmart LP
Aug 2, 2005
—
Ysi Xxv
Nss Sw Investors
Grant Deed
—
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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