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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Turn key restaurants
1740 Calle De Mercado Las Cruces, NM 88005-8254
Individually Owned
15-yr Hold
Free & Clear
Property ID
US61-0630532
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
FRAME
Total area
5,243 SF
Lot
1.42 ac (61,855 SF)
Zoning code
RURAL-FARM
APN
4-006-137-269-196
UPID
US61-0630532
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
-
Paisano Cafe Restaurant
-
Edward Jones - Financial Advisor: Elizabeth Smith Medina Financial Advisor
-
Tōpaz Beauty Co. Hair Salon
-
American Dog Pet Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$525k
Owner & transaction history
Binns Ltd 2 · 15 yrs held
Binns Ltd 2
since 2011
4 recorded transactions
Zoning & alternative use
RURAL-FARM · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$620,000
+14.9%
Commercial (general)
$590,000
+9.1%
Office building
$565,000
+5.2%
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
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$540,000
Current use
AUTO REPAIR, GARAGE
$620,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$590,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$565,000
Change: +5% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$450,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$100 / 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
$10,322
Tax year 2023
Assessed value
$361,400
Assessed 2023
Previous assessed
$361,400
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$144,328
Assessed improvement
$217,072
Land market value
$432,985
Improvement market value
$651,215
Total market value
$1,084,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
NONE
Buildings
2
Total area
5,243 SF
Lot
1.42 ac (61,855 SF)
Zoning code
RURAL-FARM
APN
4-006-137-269-196
UPID
US61-0630532
Jurisdiction
DONA ANA
Zoning & alternative use
RURAL-FARM · Las Cruces, NM
Zoning RURAL-FARM · permitted uses
RURAL-FARM · 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
RESTAURANT Current
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$590,000
OFFICE BUILDING
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$450,000
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2006
Construction
FRAME
Heating
NONE
Buildings
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Binns Ltd 2
Individual
Free & Clear · 15 yrs held
Mailing address
2700 MISSOURI AVE STE #1, LAS CRUCES, NM 88011-9135
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2011
—
Binns Ltd 2
Revex 133 Investments LLC
Warranty Deed
—
Jul 9, 2010
—
Revex 133 Investments LLC
Boldt Family LLC
Warranty Deed
related
—
Feb 8, 2006
—
Boldt Family LLC
Mercado Fountain LLC
Warranty Deed
—
—
—
Boldt Family LLC
—
Deed Of Trust
related
$15,325 · First Federal Savings Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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