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    Property profile & analytics

    1602 Solano Dr Las Cruces, NM 88001-5407

    • Drive through restaurants
    • 1,380 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 19, 2020
    Location Intelligence
    Property ID
    US61-0292562
    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

    • El Vagon Tacos / Restaurant

    Property Details for 1602 Solano Dr

    Year built
    1968
    Lot size
    0.32 lot acres
    Property size
    1,380 SF
    Zone code
    GEN-COMMERCL
    Property type
    Drive through restaurants
    APN
    4-008-136-266-199
    APU
    4008136266199

    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
    -106.76
    Latitude
    32.2957
    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
    $2,217
    $18,667
    $46,333
    $65,000
    -
    $56,000
    $139,000
    $195,000

    Comparable in this City

    • Value Estimation by Request
      1,670 SF

      1605 Solano Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,670 SF
      1605 Solano Dr, Las Cruces, NM 88001-5406
      View Details
    • Value Estimation by Request
      1,184 SF

      1507 Solano Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,184 SF
      1507 Solano Dr, Las Cruces, NM 88001-4237
      View Details
    • Value Estimation
      $480,000
      3,189 SF

      1009 El Paseo Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,189 SF
      1009 El Paseo Rd, Las Cruces, NM 88001-6029
      View Details
    • Value Estimation
      $375,000
      1,840 SF

      1609 El Paseo Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,840 SF
      1609 El Paseo Rd, Las Cruces, NM 88001-6013
      View Details
    • Value Estimation
      $440,000
      2,727 SF

      510 Idaho Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,727 SF
      510 Idaho Ave, Las Cruces, NM 88001-3742
      View Details
    • Value Estimation
      $400,000
      1,378 SF

      1008 Lohman Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,378 SF
      1008 Lohman Ave, Las Cruces, NM 88001-3269
      View Details

    Similar Nearby for Sale

    • $800,000
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      Historic Las Cruces Restaurant

      Charming 3,234 SF Restaurant, $800,000
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      Las Cruces Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, High Revenue
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    • $475,000
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      Established Restaurant Business For Sale

      Profitable restaurant with real estate, equipment included in sale.
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    • $1,717,300
      2,000 SF

      NNN Leased HTeaO Investment

      NNN leased HTeaO franchise with rent increases for sale.
      2223 N Main St, Las Cruces, NM 88001
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    • $179,000
      0.21 Acres

      Las Cruces Retail/Office Space

      Retail or office space with flexible layout in Las Cruces.
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      High-traffic location, excellent potential.
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    Similar Nearby for Lease

    • $5,000 /Mo
      5,177 SF

      Former Restaurant Space Available

      5,177 SF former restaurant space for lease.
      1340 E Lohman Ave, Las Cruces, NM 88001
      View Details
    • $14 SF/Yr

      Las Cruces Office Space For Lease

      Prime Las Cruces location, 2,263 sq ft available.
      1103 Solano Dr, Las Cruces, NM 88001
      View Details
    • $10 SF/Yr
      2,199 SF

      Retail Space Near NMSU

      Retail space with access to high-income demographics and student population.
      2205-2265 S Main St, Las Cruces, NM 88001
      View Details
    • $12 SF/Yr
      2,700 SF

      Retail Space with Office Area

      Retail space featuring an office area and bathroom with shower.
      1021 E Amador Ave, Las Cruces, NM 88001
      View Details
    • $10 SF/Yr
      5,000 SF

      Retail Center with Grocery Anchor

      Retail center anchored by grocery store and junior co-tenants.
      1215 El Paseo Rd, Las Cruces, NM 88001
      View Details
    • $12 SF/Yr
      1,750 SF

      Retail Center Space For Rent

      Grocery anchored retail center in high traffic area.
      1253 El Paseo Rd, Las Cruces, NM 88001
      View Details
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    1602 Solano Dr
    Las Cruces, NM 88001-5407
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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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