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Property profile & analytics
OFF-MARKET
Motels
1891 Avenida De Mesilla Las Cruces, NM 88005-3908
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US61-0049980
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Construction
FRAME
Total area
1,081 SF
Lot
1.01 ac (43,996 SF)
Zoning code
HIST-COMMERL
APN
4-006-137-230-244
UPID
US61-0049980
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
Cbe III LLC · 9 yrs held
Cbe III LLC
since 2017
4 recorded transactions
Zoning & alternative use
HIST-COMMERL · Las Cruces, NM
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
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
$14,679
Tax year 2023
Assessed value
$513,966
Assessed 2023
Previous assessed
$513,966
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$113,656
Assessed improvement
$400,310
Land market value
$340,969
Improvement market value
$1,200,931
Total market value
$1,541,900
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
NONE
Buildings
2
Total area
1,081 SF
Lot
1.01 ac (43,996 SF)
Zoning code
HIST-COMMERL
APN
4-006-137-230-244
UPID
US61-0049980
Jurisdiction
DONA ANA
Zoning & alternative use
HIST-COMMERL · Las Cruces, NMZoning HIST-COMMERL · permitted uses
HIST-COMMERL · Las Cruces, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
land development code
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
NONE
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Cbe III LLC
Entity
Mailing address
PO BOX 116, MESILLA, NM 88046-0116
Ownership since
2017
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
Mar 2, 2018
—
Cbe III LLC
—
Deed
related
$1,828,166 · Citizens Bk/las Cruces
Mar 10, 2017
—
Cbe III LLC
Harrison Mccord LLC
Warranty Deed
$3,180,000 · Citizens Bk/las Cruces
Nov 3, 2006
—
Bmg LLC
Meson De Mesilla LLC
Warranty Deed
related
—
—
—
Cbe III LLC
—
Loan Modification
related
$1,828,166 · 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.
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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