2105 Espina St Las Cruces, NM 88001-5550
Entity Owned
4-yr Hold
Estimated value (blended)
$385k
Range $347k – $424k (±10%)
Property ID
US61-0296717
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1965
Total area
9,490 SF
Lot
0.84 ac (36,760 SF)
Zoning code
HI-DENS-RES
APN
4-008-136-298-432
UPID
US61-0296717
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$385k
Owner & transaction history
since 2022
2 recorded transactions
Zoning & alternative use
HI-DENS-RES · Las Cruces, NM
Top alternative use upside
Industrial (general)
$1.1M
+38.0%
Retail stores
$850,000
+7.5%
Commercial (general)
$825,000
+4.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$385k
Value range
$347k – $424k
±10% around blend
Estimated value / SF
$41 / SF
Confidence
Property data
88
Comparable evidence
60
$347k
blend $385k
$424k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,490 SF
Lot area
0.84 ac
Year built
1965
Stories
1
APN
4-008-136-298-432
Assessed value
$256,620
Annual tax
$7,936
3
Income approach: direct capitalization
Partial preview
Income approach indication
$885k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$960k
@ 6.5% CAP return
$885k
@ 7% CAP return
$825k
4
Sales comparison
Partial preview
Sales approach indication
$700k
Range $586k – $957k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$385k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+38%
vs current-use indication
Retail Stores
Commercial (general)
Apartment House (5+ Units) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$257k
Move the market yield to see immediate price impact.
Value / SF
$27
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$323k
$231k
$180k
$18k
$359k
$257k
$200k
$20k
$395k
$282k
$220k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,936
Tax year 2023
Assessed value
$256,620
Assessed 2023
Previous assessed
$90,268
+184.3% YoY
Effective rate
3.09%
On assessed value
Assessed land
$36,760
Assessed improvement
$219,860
Land market value
$110,280
Improvement market value
$659,580
Total market value
$769,860
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1965
Heating
YES
Stories
1
Bathrooms
14
Total area
9,490 SF
Lot
0.84 ac (36,760 SF)
Zoning code
HI-DENS-RES
APN
4-008-136-298-432
UPID
US61-0296717
Jurisdiction
DONA ANA
Zoning & alternative use
HI-DENS-RES · Las Cruces, NMZoning HI-DENS-RES · permitted uses
HI-DENS-RES · Las Cruces, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
YES
Stories
1
Bathrooms
14
Lot
0.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HI-DENS-RES
Jurisdiction
Las Cruces, NM
Recorded code
HI-DENS-RES
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HI-DENS-RES in Las Cruces, NM.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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