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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Residential income homes
2105 Espina St, Las Cruces, NM 88001-5550
Entity Owned
3-yr Hold
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
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
$885k
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$660k
Owner & transaction history
Edge Capital V LLC · 3 yrs held
Edge Capital V LLC
since 2022
2 recorded transactions
Zoning & alternative use
HI-DENS-RES · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.1M
+38.0%
Retail stores
$850,000
+7.5%
Commercial (general)
$825,000
+4.2%
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 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%
$960,000
6.5%
$885,000
7%
$825,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
INDUSTRIAL (GENERAL)
$1,095,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$700,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$70 / 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
$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
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
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, NM
Zoning HI-DENS-RES · permitted uses
HI-DENS-RES · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1965
Heating
YES
Stories
1
Bathrooms
14
Lot
0.84 ac
Current owner
From public records · entity-resolved
Edge Capital V LLC
Entity
Mailing address
7820 WILLIAM MOYERS AVE NE, ALBUQUERQUE, NM 87122-2743
Ownership since
2022
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
Jul 12, 2022
—
Edge Capital V LLC
Cat IV LLC
Warranty Deed
$950,000 · Century Bank
Nov 21, 2016
—
Cat IV LLC
Dona Ana County Enterprise LLC
Warranty Deed
$472,500 · Washington Federal NA
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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