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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Office buildings
2100 Smt Ct Las Cruces, NM 88011-8238
Entity Owned
~
Est. High Equity
Property ID
US61-0284662
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
CONCRETE
Total area
19,783 SF
Lot
2.07 ac (90,169 SF)
Zoning code
M1C
APN
4-008-133-139-107
UPID
US61-0284662
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
-
Leo's Far Out Tacos Take-out & Catering Catering Service
-
Thomas L Cardella & Associates Telecommunications Service Tech Support Center
-
Berry sweets Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.84M
Owner & transaction history
2100 Summit Court LLC
2100 Summit Court LLC
since 2025
7 recorded transactions
Zoning & alternative use
M1C · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+12.0%
Restaurant
$2.1M
+0.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,085,000
Current use
AUTO REPAIR, GARAGE
$2,335,000
Change: +12% · Conversion: Difficult
RESTAURANT
$2,085,000
Change: +0% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,725,000
Change: -17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$93 / 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
$22,655
Tax year 2023
Assessed value
$664,323
Assessed 2023
Previous assessed
$664,323
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$180,338
Assessed improvement
$483,985
Land market value
$541,014
Improvement market value
$1,451,956
Total market value
$1,992,970
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
NONE
Total area
19,783 SF
Lot
2.07 ac (90,169 SF)
Zoning code
M1C
APN
4-008-133-139-107
UPID
US61-0284662
Jurisdiction
DONA ANA
Zoning & alternative use
M1C · Las Cruces, NM
Zoning M1C · permitted uses
M1C · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
CONCRETE
Heating
NONE
Lot
2.07 ac
Current owner
From public records · entity-resolved
2100 Summit Court LLC
Entity
Mailing address
2122 DESERT GRNS DR, LAS CRUCES, NM 88011-4996
Ownership since
2025
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
Aug 29, 2025
—
2100 Summit Court LLC
Jpp Investments LLC
Warranty Deed
$2,328,750 · Nusenda FCU
Nov 27, 2019
—
Jpp Investments LLC
—
Deed
related
$2,208,500 · Wells Fargo Bank NA
Aug 30, 2019
—
Jpp Investments LLC
Martinez Las Cruces Prop LLC
Warranty Deed
—
Jan 18, 2018
—
Martinez Las Cruces Props LLC
—
Deed
related
$3,800,000 · Wells Fargo Bk
Jun 30, 2011
—
Martinez Las Cruces Props LLC
Alyson Court Apartments LLP
Quit Claim Deed
related
—
—
—
Alyson Court Apartments LLP
—
Deed Of Trust
related
$1,950,000 · Standard Insurance Co
—
—
Alyson Court Apartments LLP
—
Deed Of Trust
related
$512,000 · State National Bank
—
—
Martinez Las Cruces Props LLC
—
Deed Of Trust
related
$3,800,000 · Wells Fargo Bk
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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