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Property profile & analytics
OFF-MARKET
Residential income homes
2200 Vly Dr, Las Cruces, NM 88005-3140
Entity Owned
2-yr Hold
Property ID
US61-1617004
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1996
Construction
FRAME
Total area
5,137 SF
Lot
1.01 ac (44,022 SF)
Zoning code
LT-MANUFACTR
APN
4-007-137-329-083
UPID
US61-1617004
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
-
Quality Inn & Suites Las Cruces - University Area Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Khodai Enterprises LLC · 2 yrs held
Khodai Enterprises LLC
since 2024
7 recorded transactions
Zoning & alternative use
LT-MANUFACTR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,217
Tax year 2023
Assessed value
$534,189
Assessed 2023
Previous assessed
$534,189
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$51,359
Assessed improvement
$482,830
Land market value
$154,077
Improvement market value
$1,448,490
Total market value
$1,602,567
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
1996
Construction
FRAME
Heating
NONE
Buildings
3
Total area
5,137 SF
Lot
1.01 ac (44,022 SF)
Zoning code
LT-MANUFACTR
APN
4-007-137-329-083
UPID
US61-1617004
Jurisdiction
DONA ANA
Zoning & alternative use
LT-MANUFACTR · Las Cruces, NM
Zoning LT-MANUFACTR · permitted uses
LT-MANUFACTR · 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
1996
Construction
FRAME
Heating
NONE
Buildings
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Khodai Enterprises LLC
Entity
Mailing address
2200 S VLY DR, LAS CRUCES, NM 88005-3140
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 10, 2024
—
Khodai Enterprises LLC
Emmbry LLC
Deed
—
Sep 24, 2021
—
Khodai Enterprises LLC
Jayshree Raja
Warranty Deed
$100,000 · Jayshree Raja
Jul 2, 2020
$1,602,567
Naresh Raja
Special Master Of Dona Ana County|hansen Leon R Fa
Foreclosure
related
—
Feb 4, 2008
—
Hansen,leon R Family Trust
Muktananda LLC
Warranty Deed
$1,794,550 · Bank Of The West
—
—
Milcor III LLC|milcor Nm LLC
—
Deed Of Trust
related
$1,794,550 · Bank Of The West
—
—
Muktananda LLC
—
Deed Of Trust
related
$4,572,000 · First National Bank
—
—
Hansen Leon R Family Trust
—
Deed Of Trust
related
$1,073,000 · Capital Certified Dev Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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