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    Property profile & analytics

    201 University Ave Las Cruces, NM 88005-3340

    • Hotels
    • 61,759 SF
    • 4.89 lot acres
    OFF-MARKET
    Value Estimation
    $1,115,000
    Last Sale
    Aug 26, 2022
    Location Intelligence
    Property ID
    US61-1655461
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lucas Pipe & Tobacco / Tobacco Shop
    • Hertz - Uber Las Cruces / Car Rental Agency / Transportation Service
    • Hertz Car Rental - Las Cruces - Ramada Palms Inn HLE / Car Rental Agency
    • Ramada by Wyndham Las Cruces Hotel & Conference Center / Inn / Motel
    • R•O Spa, Boutique & Salon / Spa / Beauty Salon

    Property Details for 201 University Ave

    Year built
    1975
    Lot size
    4.89 lot acres
    Property size
    61,759 SF
    Zone code
    GEN-COMMERCL
    Property type
    Hotels
    APN
    4-008-137-025-140
    APU
    4008137025140

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,140,000
      6.5%
      $1,195,000
      7%
      $1,060,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $965,000
      Geo Method
      $1,150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,195,000
      Retail
      $1,260,000
      Mixed-Use
      $1,195,000
      Hospitality
      $1,195,000
      Educational
      $1,230,000
      Residential Income
      $1,220,000
      Energy
      $1,025,000
      Income-Based Land
      $1,075,000
      Food Service
      $1,190,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.768
    Latitude
    32.2828
    CBSA code
    29740
    CBSA name
    LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,954
    $230,901
    $1,644,461
    $1,875,362
    -
    $692,702
    $4,933,384
    $5,626,086

    Comparable in this City

    • Value Estimation
      $805,000
      19,682 SF

      450 University Ave

      HOTEL • 19,682 SF
      450 University Ave, Las Cruces, NM 88005
      View Details
    • Value Estimation
      $455,000
      1,463 SF

      1045 Main St

      HOTEL/MOTEL • 1,463 SF
      1045 Main St, Las Cruces, NM 88005-2918
      View Details
    • Value Estimation
      $755,000
      10,380 SF

      1765 Main St

      HOTEL/MOTEL • 10,380 SF
      1765 Main St, Las Cruces, NM 88005-3116
      View Details
    • Value Estimation
      $920,000
      59,080 SF

      1641 Hickory Loop

      HOTEL • 59,080 SF
      1641 Hickory Loop, Las Cruces, NM 88005-6587
      View Details
    • Value Estimation
      $500,000
      7,629 SF

      245 La Posada Ln

      HOTEL/MOTEL • 7,629 SF
      245 La Posada Ln, Las Cruces, NM 88005-3370
      View Details
    • Value Estimation
      $630,000
      10,313 SF

      1500 Hickory Dr

      HOTEL • 10,313 SF
      1500 Hickory Dr, Las Cruces, NM 88005-6553
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.54 Acres

      Las Cruces Commercial Land Parcels

      Prime NM land, flexible options.
      0 Hickory Loop, Las Cruces, NM 88005
      View Details
    • $850,000
      9,524 SF

      Industrial Property in Las Cruces

      Two-parcel industrial property totaling 9,524 SF in Las Cruces.
      717 W Organ Ave, Las Cruces, NM 88005
      View Details
    • $438,823

      Land for M-1 Users

      Land available for M-1 users with completed engineering design.
      1690 Pioneer Pl, Las Cruces, NM 88005
      View Details
    • $148,500
      1.00 Acre

      One-Acre Lot in Mesilla Vineyards

      Spacious lot with mountain views and utilities in place.
      1063 Vineyard Lp, Las Cruces, NM 88005
      View Details
    • $152,500
      3.00 Acres

      Land in Raasaf Hills

      Three-acre lot suitable for custom home development with mountain views.
      3250 Mesilla Hills Dr, Las Cruces, NM 88005
      View Details
    • $89,000
      2.20 Acres

      Land with City Views

      2.2 acres near Highway 70, close to amenities.
      755 Lonesome Rd, Las Cruces, NM 88005
      View Details

    Similar Nearby for Lease

    • $950,000
      12,000 SF

      Functional Warehouse with Secured Yard

      Functional warehouse with office, dock, fenced yard, climate control.
      400 N 17Th St, Las Cruces, NM 88005
      View Details
    • $6,000 /Mo

      Land Parcel For Lease

      1.8199 acre land parcel for lease or build-to-suit.
      1290 Avenida De Mesilla, Las Cruces, NM 88005
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Las Cruces

      Retail space available for lease in Las Cruces, NM.
      1455 Hickory Dr, Las Cruces, NM 88005
      View Details
    • $325,000

      Vacant Land Available For Lease

      Vacant land available for lease in Las Cruces, NM.
      2401 S Main St, Las Cruces, NM 88005
      View Details
    • $14 SF/Yr
      2,076 SF

      Prime Corner Office Space Available

      Office space for rent in the heart of Las Cruces.
      1125 1St St, Las Cruces, NM 88005
      View Details
    • $9 SF/Yr
      4,800 SF

      Retail Space Available for Rent

      Vacant retail space ready for immediate occupancy.
      138 Wyatt Dr, Las Cruces, NM 88005
      View Details
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    201 University Ave
    Las Cruces, NM 88005-3340
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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