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Property profile & analytics
OFF-MARKET
Office Spaces
1165 Commerce Dr Las Cruces, NM 88011-8453
Entity Owned
20-yr Hold
Free & Clear
Property ID
US61-1654945
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2009
Total area
3,000 SF
Lot
0.7 ac (30,435 SF)
Zoning code
M1C
APN
4-008-132-170-393
UPID
US61-1654945
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
-
Las Palmas Lifecare Medical Clinic
-
Dr. Johnathon Owens Physician
-
Peak Development Services Social Service Agency Charitable Organization
-
Roofer Ryan's Fast Service Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1165 Commerce LLC · 20 yrs held
1165 Commerce LLC
since 2005
5 recorded transactions
Zoning & alternative use
M1C · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,704
Tax year 2023
Assessed value
$284,569
Assessed 2023
Previous assessed
$255,445
+11.4% YoY
Effective rate
3.41%
On assessed value
Assessed land
$55,798
Assessed improvement
$228,771
Land market value
$167,393
Improvement market value
$686,312
Total market value
$853,705
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
2
Total area
3,000 SF
Lot
0.7 ac (30,435 SF)
Zoning code
M1C
APN
4-008-132-170-393
UPID
US61-1654945
Jurisdiction
DONA ANA
Zoning & alternative use
M1C · Las Cruces, NM
Zoning M1C · permitted uses
M1C · 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.
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Buildings
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
1165 Commerce LLC
Entity
Free & Clear · 20 yrs held
Mailing address
44 BRASS HORSE RD, SANTA FE, NM 87508-9474
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2016
—
1165 Commerce LLC
—
Deed
related
$543,750 · Weststar Bank
Dec 6, 2005
—
1165 Commerce LLC
Gdrb LLC
Warranty Deed
—
Feb 10, 2005
—
1165 Commerce LLC
Gdrb LLC
Grant Deed
—
—
—
Gdrb LLC
—
Deed Of Trust
related
—
—
—
1165 Commerce LLC
—
Loan Modification
related
—
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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