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Property profile & analytics
OFF-MARKET
Industrial properties
18617 Hwy 28, La Mesa, NM 88044-9339
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0018464
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
ADOBE
Total area
1,328 SF
Lot
0.27 ac (11,761 SF)
Zoning code
T3
APN
4-010-146-193-209
UPID
US61-0018464
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Javier R Olivas · 3 yrs held
Javier R Olivas
since 2023
5 recorded transactions
Zoning & alternative use
T3 · La Mesa, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$292
Tax year 2023
Assessed value
$8,735
Assessed 2023
Previous assessed
$8,735
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$3,333
Assessed improvement
$5,402
Land market value
$10,000
Improvement market value
$16,205
Total market value
$26,205
Applied tax rate
16.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1950
Construction
ADOBE
Heating
NONE
Buildings
2
Total area
1,328 SF
Lot
0.27 ac (11,761 SF)
Zoning code
T3
APN
4-010-146-193-209
UPID
US61-0018464
Jurisdiction
DONA ANA
Zoning & alternative use
T3 · La Mesa, NM
Zoning T3 · permitted uses
T3 · La Mesa, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
ADOBE
Heating
NONE
Buildings
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Javier R Olivas
Individual
Mailing address
115 LA FE AVE, MESQUITE, NM 88048-9517
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2023
—
Javier R Olivas
Cristina Diaz
Special Warranty Deed
$350,000 · First New Mexico Bank Las Cruces
Dec 26, 2019
—
Cristina Diaz
Javier R Olivas
Quit Claim Deed
related
—
Feb 6, 2012
—
Javier R Olivas
Alice Ramirez
Warranty Deed
$3,500,000 · First New Mexico Bank Las Cruces
Jun 12, 2009
—
Alice Ramirez
Rodriguez,jose A JR & Teresa
Warranty Deed
$39,998 · Coronado Finance
—
—
Javier R Olivas
—
Deed Of Trust
related
$3,500,000 · First Nm 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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