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    Property profile & analytics

    1244 Picacho Ave Las Cruces, NM 88005-2228

    • Retail space
    • 4,648 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 01, 2021
    Location Intelligence
    Property ID
    US61-0320410
    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

    • Retail space

    Property Details for 1244 Picacho Ave

    Year built
    1930
    Construction
    ADOBE
    Lot size
    0.24 lot acres
    Property size
    4,648 SF
    Zone code
    GEN-COMMERCL
    Property type
    Retail space
    APN
    4-006-135-233-068
    APU
    4006135233068

    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
    -106.795
    Latitude
    32.3138
    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
    $1,110
    $13,667
    $18,871
    $32,538
    -
    $41,000
    $56,614
    $97,614

    Comparable in this City

    • Value Estimation by Request
      704 SF

      1025 Picacho Ave

      RETAIL STORES (PERSONAL SERVICES) • 704 SF
      1025 Picacho Ave, Las Cruces, NM 88005-2231
      View Details
    • Value Estimation by Request
      3,592 SF

      1212 Picacho Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,592 SF
      1212 Picacho Ave, Las Cruces, NM 88005
      View Details
    • Value Estimation by Request
      2,700 SF

      617 Picacho Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      617 Picacho Ave, Las Cruces, NM 88005-2143
      View Details
    • Value Estimation by Request
      3,000 SF

      415 Foster Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      415 Foster Rd, Las Cruces, NM 88005-3208
      View Details
    • Value Estimation by Request
      2,416 SF

      260 3rd Crosses Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,416 SF
      260 3rd Crosses Ave, Las Cruces, NM 88005-1442
      View Details
    • Value Estimation by Request
      2,495 SF

      3403 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,495 SF
      3403 Main St, Las Cruces, NM 88005
      View Details

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    Similar Nearby for Lease

    • $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.
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      View Details
    • $6 SF/Yr
      5,000 SF

      Retail/Warehouse Space for Lease

      Retail and warehouse space with great visibility and storage.
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    • $12 SF/Yr
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      Retail Space in Las Cruces

      Available retail space with high visibility and accessibility.
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    • $20 SF/Yr
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      Retail Space in Valley Vista

      Retail spaces available in premier Las Cruces shopping center.
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      View Details
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    1244 Picacho Ave
    Las Cruces, NM 88005-2228
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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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