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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Residential income homes
1163 Canal St Hatch, NM 87937
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US61-0731471
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2010
Construction
FRAME
Total area
7,152 SF
Lot
8 ac (348,480 SF)
Zoning code
AGRICULTURAL
APN
3-017-110-160-188
UPID
US61-0731471
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$630k
Owner & transaction history
Answered Prayers LLC · 9 yrs held
Answered Prayers LLC
since 2016
3 recorded transactions
Zoning & alternative use
AGRICULTURAL · Hatch, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
17.04.010: SHORT TITLE:
Top alternative use upside
Office building
$865,000
+43.6%
Auto repair, garage
$845,000
+39.9%
Restaurant
$835,000
+38.4%
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 Hatch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatch 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
$380,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$605,000
Current use
OFFICE BUILDING
$865,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$845,000
Change: +40% · Conversion: Difficult
RESTAURANT
$835,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$575,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$88 / 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
$12,984
Tax year 2023
Assessed value
$361,461
Assessed 2023
Previous assessed
$309,742
+16.7% YoY
Effective rate
3.59%
On assessed value
Assessed land
$21,333
Assessed improvement
$340,128
Land market value
$64,000
Improvement market value
$1,020,384
Total market value
$1,084,384
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
NONE
Total area
7,152 SF
Lot
8 ac (348,480 SF)
Zoning code
AGRICULTURAL
APN
3-017-110-160-188
UPID
US61-0731471
Jurisdiction
DONA ANA
Zoning & alternative use
AGRICULTURAL · Hatch, NMZoning AGRICULTURAL · permitted uses
AGRICULTURAL · Hatch, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
17.04.010: SHORT TITLE:
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$845,000
RESTAURANT
Est. value
$835,000
RETAIL STORES
Est. value
$670,000
INDUSTRIAL (GENERAL)
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$570,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2010
Construction
FRAME
Heating
NONE
Lot
8 ac
Current owner
From public records · entity-resolved
Answered Prayers LLC
Entity
Mailing address
PO BOX 770, HATCH, NM 87937-0770
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2016
—
Answered Prayers LLC
—
Deed
related
$187,000 · First Svgs Bk
Sep 14, 2016
—
Answered Prayers LLC
—
Deed
related
$596,802 · First Savings Bank
—
—
Answered Prayers LLC
—
Deed Of Trust
related
$187,000 · First Svgs Bk
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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