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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Hotels
1765 Main St Las Cruces, NM 88005-3116
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US61-0711660
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1945
Total area
10,380 SF
Lot
3.61 ac (157,252 SF)
Zoning code
GEN-COMMERCL
APN
4-007-136-270-283
UPID
US61-0711660
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
-
Best Western Mission Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$725k
Owner & transaction history
Gp Mission Inn Nm LLC · 3 yrs held
Gp Mission Inn Nm LLC
since 2023
6 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+83.9%
Office building
$1.1M
+77.3%
Restaurant
$1.1M
+68.5%
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
$510,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$635,000
Current use
COMMERCIAL (GENERAL)
$1,165,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,120,000
Change: +77% · Conversion: Difficult
RESTAURANT
$1,065,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$675,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$70 / 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
$15,274
Tax year 2023
Assessed value
$447,894
Assessed 2023
Previous assessed
$407,177
+10.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$157,252
Assessed improvement
$290,642
Land market value
$471,756
Improvement market value
$871,927
Total market value
$1,343,683
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/MOTEL
Status
Off-Market
Year built
1945
Heating
NONE
Buildings
6
Total area
10,380 SF
Lot
3.61 ac (157,252 SF)
Zoning code
GEN-COMMERCL
APN
4-007-136-270-283
UPID
US61-0711660
Jurisdiction
DONA ANA
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Zoning GEN-COMMERCL · permitted uses
GEN-COMMERCL · 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
$635,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
RETAIL STORES
Est. value
$840,000
INDUSTRIAL (GENERAL)
Est. value
$675,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1945
Heating
NONE
Buildings
6
Lot
3.61 ac
Current owner
From public records · entity-resolved
Gp Mission Inn Nm LLC
Entity
Mailing address
1765 S MAIN ST, LAS CRUCES, NM 88005-3116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 16, 2023
—
Gp Mission Inn Nm LLC
1 Krishna Hospitality LLC
Warranty Deed
$3,720,000 · First National Bank
Nov 10, 2020
—
1 Krishna Hospitality LLC
Amar Krishna Of New Mexico INC
Correction Deed
related
—
Feb 20, 2020
—
1 Krishna Hospitality LLC
Amar Krishna Of New Mexico INC
Grant Deed
$2,275,000 · First Wstrn Sblc
Sep 1, 2015
—
Amar Krishna Of New Mexico INC
—
Trustees Deed
related
$204,136 · First American Bk
Dec 8, 2006
—
Amar Krishna Of New Mexico
South Main Street LLC
Warranty Deed
$1,889,500 · First National Bank
—
—
South Main Street LLC
—
Deed Of Trust
related
$1,450,000 · Citizens Bank 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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