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    Property profile & analytics

    1196 Picacho Ave Las Cruces, NM 88005-2230

    • Turn key restaurants
    • 2,238 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Sep 23, 2024
    Location Intelligence
    Property ID
    US61-1644872
    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

    • JC Tortas / Mexican Restaurant

    Property Details for 1196 Picacho Ave

    Year built
    1950
    Lot size
    0.32 lot acres
    Property size
    2,238 SF
    Zone code
    GEN-COMMERCL
    Property type
    Turn key restaurants
    APN
    4-006-135-258-061
    APU
    4006135258061

    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
    -106.794
    Latitude
    32.314
    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
    $1,835
    $18,612
    $35,211
    $53,823
    -
    $55,836
    $105,633
    $161,469

    Comparable in this City

    • Value Estimation
      $375,000
      3,600 SF

      1155 Vly Dr

      RESTAURANT • 3,600 SF
      1155 Vly Dr, Las Cruces, NM 88005-3061
      View Details
    • Value Estimation
      $425,000
      5,997 SF

      1660 Vly Dr

      RESTAURANT • 5,997 SF
      1660 Vly Dr, Las Cruces, NM 88005-3152
      View Details
    • Value Estimation
      $380,000
      3,982 SF

      2405 Vly Dr

      RESTAURANT • 3,982 SF
      2405 Vly Dr, Las Cruces, NM 88005-3364
      View Details
    • Value Estimation
      $505,000
      5,243 SF

      1740 Calle De Mercado

      RESTAURANT • 5,243 SF
      1740 Calle De Mercado, Las Cruces, NM 88005-8254
      View Details
    • Value Estimation
      $410,000
      4,373 SF

      1201 Hadley Ave

      RESTAURANT • 4,373 SF
      1201 Hadley Ave, Las Cruces, NM 88005-2422
      View Details
    • Value Estimation
      $445,000
      9,983 SF

      1490 Hickory Dr

      RESTAURANT • 9,983 SF
      1490 Hickory Dr, Las Cruces, NM 88005-6551
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Las Cruces

      Retail space available for lease in Las Cruces, NM.
      1455 Hickory Dr, Las Cruces, NM 88005
      View Details
    • $9 SF/Yr
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      Vacant retail space ready for immediate occupancy.
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      Office space with retail possibilities in Las Cruces, NM.
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    • $15 SF/Yr
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      Retail Space in Las Cruces

      Retail space available in a high-traffic Las Cruces location.
      2780 W Picacho Ave, Las Cruces, NM 88005
      View Details
    • $20 SF/Yr
      5,000 SF

      Las Cruces Retail Space For Lease

      Starbucks-Anchored Center, 1,250 SF Available
      1500 Valley Dr, Las Cruces, NM 88005
      View Details
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    1196 Picacho Ave
    Las Cruces, NM 88005-2230
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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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