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Property profile & analytics
OFF-MARKET
Estimated value
$8,325,000
Industrial properties
2100 County Rd D-061, Radium Springs, NM 88054
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US61-0802982
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2016
Total area
106,912 SF
Lot
98.08 ac (4,272,365 SF)
Zoning code
I1
APN
3-003-122-390-050
UPID
US61-0802982
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
$9.74M
Comparable Approach
Comparable
$6.91M
Blend (final)
Blend
$8.33M
Owner & transaction history
Masson Farms Of New Mexico INC · 6 yrs held
Masson Farms Of New Mexico INC
since 2019
7 recorded transactions
Zoning & alternative use
I1 · Radium Springs, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.0M
+50.6%
Auto repair, garage
$12.6M
+46.7%
Restaurant
$12.5M
+45.2%
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 Radium Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Radium Springs 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
by Request
CAP Approach
CAP Return
Estimation
6%
$10,550,000
6.5%
$9,740,000
7%
$9,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,605,000
Current use
OFFICE BUILDING
$12,955,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,620,000
Change: +47% · Conversion: Easy
RESTAURANT
$12,485,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$9,290,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,020,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,525,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$8.33M
Range $7.49M – $9.16M · ±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
$78 / 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
$38,166
Tax year 2023
Assessed value
$1,455,611
Assessed 2023
Previous assessed
$1,282,806
+13.5% YoY
Effective rate
2.62%
On assessed value
Assessed land
$163,467
Assessed improvement
$1,292,144
Land market value
$490,400
Improvement market value
$3,876,431
Total market value
$4,366,831
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2016
Heating
NONE
Buildings
20
Stories
2
Bathrooms
1
Total area
106,912 SF
Lot
98.08 ac (4,272,365 SF)
Zoning code
I1
APN
3-003-122-390-050
UPID
US61-0802982
Jurisdiction
DONA ANA
Zoning & alternative use
I1 · Radium Springs, NM
Zoning I1 · permitted uses
I1 · Radium Springs, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Radium Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.6M
OFFICE BUILDING
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$12.6M
RESTAURANT
Est. value
$12.5M
RETAIL STORES
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$8.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
2016
Heating
NONE
Stories
2
Buildings
20
Bathrooms
1
Lot
98.08 ac
Current owner
From public records · entity-resolved
Masson Farms Of New Mexico INC
Entity
Mailing address
PO BOX 20, RADIUM SPRINGS, NM 88054-0020
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2019
—
Masson Farms Of New Mexico INC
—
Deed
related
$2,721,622 · Frontier Farm Credit Flca
Aug 27, 2018
—
Masson Farms Of New Mexico INC
—
Deed
related
$4,100,000 · Farm Credit Svcs
Dec 6, 2017
—
Masson Farms Of New Mexico INC
—
Deed
related
$650,000 · Frontier Farm Credit Flca
—
—
Masson Farms Of New Mexico INC
—
Deed Of Trust
related
$1,250,000 · Farm Credit Service
—
—
Masson Farms Of New Mexico INC
—
Deed Of Trust
related
$3,000,000 · Farm Credit Svcs
—
—
Masson Farms Of New Mexico INC
—
Deed Of Trust
related
$2,721,622 · Frontier Farm Credit Flca
—
—
Masson Farms Of New Mexico INC
—
Deed Of Trust
related
$650,000 · Frontier Farm Credit Flca
—
—
Masson Farms Of New Mexico INC
—
Loan Modification
related
$4,100,000 · Farm Credit Svcs
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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