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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Hotels
2142 Telshor Ct Las Cruces, NM 88011-8245
Entity Owned
15-yr Hold
Free & Clear
Property ID
US61-1631709
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Construction
FRAME
Total area
49,181 SF
Lot
0.96 ac (41,752 SF)
Zoning code
M1C
APN
4-008-133-151-029
UPID
US61-1631709
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
-
Holiday Inn Express & Suites Las Cruces North, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.37M
Owner & transaction history
Dreamcatcher III LLC · 15 yrs held
Dreamcatcher III LLC
since 2010
7 recorded transactions
Zoning & alternative use
M1C · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$28 / 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
$24,643
Tax year 2023
Assessed value
$722,640
Assessed 2023
Previous assessed
$656,945
+10.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$76,545
Assessed improvement
$646,095
Land market value
$229,636
Improvement market value
$1,938,285
Total market value
$2,167,921
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2011
Construction
FRAME
Heating
NONE
Total area
49,181 SF
Lot
0.96 ac (41,752 SF)
Zoning code
M1C
APN
4-008-133-151-029
UPID
US61-1631709
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.
Building & site characteristics
From public records
Year built
2011
Construction
FRAME
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
Dreamcatcher III LLC
Entity
Free & Clear · 15 yrs held
Mailing address
8901 ADAMS ST NE STE A, ALBUQUERQUE, NM 87113-2718
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
—
Dreamcatcher III LLC
—
Deed
related
$4,058,591 · First American Bk
Oct 21, 2010
—
Dreamcatcher III LLC
Kholwad Investments
Warranty Deed
related
—
Feb 1, 2008
—
Kholwad Investments LLC
Cheng,leo & Sandy
Warranty Deed
—
Dec 29, 2005
—
Leo Cheng
Woodven
Grant Deed
—
Jul 7, 2004
—
Woodven
Hafen,kay R & Irene S
Warranty Deed
related
—
—
—
Dreamcatcher III LLC
—
Loan Modification
related
$4,058,591 · First American Bk
—
—
Dreamcatcher III LLC
—
Deed Of Trust
related
$2,641,000 · Enchantment Land Certified Dev
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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