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Property profile & analytics
OFF-MARKET
Turn key restaurants
195 Mesquite St Las Cruces, NM 88001-3550
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US61-0246134
Property summary
AI-generated overview
This exceptional turnkey restaurant and building in Las Cruces, New Mexico, presents a rare investment opportunity. Located at 195 N Mesquite St, this 1,971 square foot establishment sits on a 19,396 square foot lot (APN: 4-007-135-358-166) and is zoned C2. Built in 1950 with renovations done at various times, the property boasts 100% occupancy and is currently operating as a highly successful restaurant. The asking price is $499,000, and owner financing may be considered with a substantial down payment. Included in the sale are the business, equipment (excluding outside sheds and an Alto-Shaam electric oven, which are negotiable), and the real estate itself. The property has a single tenant with a credit-rated lease under a gross lease structure. This highly-rated restaurant has received numerous accolades, including top rankings on TripAdvisor, Google, and Yelp, and was even recognized for its menudo. Financial details are available upon request. Please schedule a showing to explore this lucrative opportunity. Do not disturb employees.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Construction
ADOBE
Total area
1,971 SF
Lot
0.45 ac (19,396 SF)
Zoning code
GEN-COMMERCL
APN
4-007-135-358-166
UPID
US61-0246134
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
-
La Nueva Casita Café Restaurant
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
Chante Las Cruces LLC
Chante Las Cruces LLC
since 2026
2 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, 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 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
$1,119
Tax year 2023
Assessed value
$32,818
Assessed 2023
Previous assessed
$29,712
+10.5% YoY
Effective rate
3.41%
On assessed value
Assessed land
$12,931
Assessed improvement
$19,887
Land market value
$38,792
Improvement market value
$59,662
Total market value
$98,454
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
1950
Construction
ADOBE
Heating
NONE
Total area
1,971 SF
Lot
0.45 ac (19,396 SF)
Zoning code
GEN-COMMERCL
APN
4-007-135-358-166
UPID
US61-0246134
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.
Building & site characteristics
From public records
Year built
1950
Construction
ADOBE
Heating
NONE
Lot
0.45 ac
Current owner
From public records · entity-resolved
Chante Las Cruces LLC
Entity
Mailing address
915 ARIZONA AVE, LAS CRUCES, NM 88001-3816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 5, 2026
—
Chante Las Cruces LLC
Melissa Salazar
Warranty Deed
$425,000 · Robert Malooly Etal
Mar 25, 2014
—
Melissa Salazar
Herrera,gustavo
Warranty Deed
$201,000 · Loan Fndg
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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