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Property profile & analytics
OFF-MARKET
Estimated value
$3,030,000
Hotels
1641 Hickory Loop Las Cruces, NM 88005-6587
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US61-0916004
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Construction
FRAME
Total area
59,080 SF
Lot
2.2 ac (95,832 SF)
Zoning code
HVY-MANUFACT
APN
4-006-136-290-316
UPID
US61-0916004
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
-
Hampton Inn & Suites Las Cruces I-10 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$3.03M
Owner & transaction history
Premier Hospitality IV LLC · 13 yrs held
Premier Hospitality IV LLC
since 2013
2 recorded transactions
Zoning & alternative use
HVY-MANUFACT · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+32.7%
Industrial (general)
$3.8M
+6.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,600,000
Current use
RETAIL STORES
$4,780,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,845,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.03M
Range $2.73M – $3.33M · ±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
$51 / 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
$39,042
Tax year 2023
Assessed value
$1,144,857
Assessed 2023
Previous assessed
$1,040,779
+10.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$159,720
Assessed improvement
$985,137
Land market value
$479,160
Improvement market value
$2,955,410
Total market value
$3,434,570
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
NONE
Total area
59,080 SF
Lot
2.2 ac (95,832 SF)
Zoning code
HVY-MANUFACT
APN
4-006-136-290-316
UPID
US61-0916004
Jurisdiction
DONA ANA
Zoning & alternative use
HVY-MANUFACT · Las Cruces, NM
Zoning HVY-MANUFACT · permitted uses
HVY-MANUFACT · 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
HOTEL/MOTEL Current
Est. value
$3.6M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
HOTEL/MOTEL Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2015
Construction
FRAME
Heating
NONE
Lot
2.2 ac
Current owner
From public records · entity-resolved
Premier Hospitality IV LLC
Entity
Mailing address
8300 CARMEL AVE NE STE #402, ALBUQUERQUE, NM 87122-3147
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2013
—
Premier Hospitality IV LLC
Mesilla Valley Busn Park LLC
Quit Claim Deed
related
$478,500 · Western Commerce Bk
—
—
Premier Hospitality IV LLC
—
Deed Of Trust
related
$6,952,320 · Citizens Bk/las Cruces
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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