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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Office Spaces
151 Roadrunner Pkwy Las Cruces, NM 88011-7019
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0203420
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2016
Total area
37,143 SF
Lot
6.29 ac (273,992 SF)
Zoning code
HI-DENS-RES
APN
4-009-134-425-210
UPID
US61-0203420
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
-
Solstice Senior Living at Las Cruces Nursing Home Retirement Community
-
Comfort Keepers Home Health Care Service Assisted Living Facility
-
Wendy's Help At Home Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.07M
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$4.48M
Owner & transaction history
175 N Roadrunner Pkwy Nm LLC · 2 yrs held
175 N Roadrunner Pkwy Nm LLC
since 2024
6 recorded transactions
Zoning & alternative use
HI-DENS-RES · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+56.6%
Restaurant
$3.9M
+40.0%
Office building
$3.9M
+39.8%
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%
$5,495,000
6.5%
$5,070,000
7%
$4,710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,800,000
Current use
AUTO REPAIR, GARAGE
$4,385,000
Change: +57% · Conversion: Difficult
RESTAURANT
$3,920,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$3,915,000
Change: +40% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,235,000
Change: +16% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,180,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±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
$120 / 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
$100,387
Tax year 2023
Assessed value
$2,943,725
Assessed 2023
Previous assessed
$2,562,564
+14.9% YoY
Effective rate
3.41%
On assessed value
Assessed land
$182,410
Assessed improvement
$2,761,315
Land market value
$547,230
Improvement market value
$8,283,946
Total market value
$8,831,176
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
2016
Heating
NONE
Bathrooms
5
Total area
37,143 SF
Lot
6.29 ac (273,992 SF)
Zoning code
HI-DENS-RES
APN
4-009-134-425-210
UPID
US61-0203420
Jurisdiction
DONA ANA
Zoning & alternative use
HI-DENS-RES · Las Cruces, NM
Zoning HI-DENS-RES · permitted uses
HI-DENS-RES · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RESTAURANT
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (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
2016
Heating
NONE
Bathrooms
5
Lot
6.29 ac
Current owner
From public records · entity-resolved
175 N Roadrunner Pkwy Nm LLC
Entity
Mailing address
1999 BROADWAY STE #3500, DENVER, CO 80202-5701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
—
175 N Roadrunner Pkwy Nm LLC
Cascadia Las Cruces Re Holdco LLC
Special Warranty Deed
$55,652,000 · Bank Hapoalim Bm
May 11, 2022
—
Cascadia Las Cruces Re Holdco LLC
Wsl Las Cruces LLC
Warranty Deed
$8,000,000 · Bokf NA
May 27, 2016
—
Wsl Las Cruces LLC
—
Deed
related
$9,737,517 · Community Sthrn Bk
Feb 8, 2016
—
Wsl Las Cruces LLC
Las Cruces Inv Group LLC
Quit Claim Deed
related
—
Feb 23, 2007
—
Las Cruces Inv Group LLC
Las Cruces Retirement Residenc
Quit Claim Deed
related
—
—
—
Wsl Las Cruces LLC
—
Deed Of Trust
related
$9,737,517 · Community Sthrn 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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