Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2350 Griggs Ave Las Cruces, NM 88001-2641

    • Hotels
    • 43,693 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Location Intelligence
    Property ID
    US61-0203049
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hampton Inn & Suites Las Cruces I-25 / Hotel
    • UNITY LAS CRUCES / Place Of Worship

    Property Details for 2350 Griggs Ave

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.95 lot acres
    Property size
    43,693 SF
    Zone code
    LT-MANUFACTR
    Property type
    Hotels
    APN
    4-009-134-044-461
    APU
    4009134044461

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $830,000

    • CAP approach

      CAP return
      Estimation
      6%
      $620,000
      6.5%
      $660,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $630,000
      Geo Method
      $655,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $715,000
      Mixed-Use
      $625,000
      Hospitality
      $610,000
      Educational
      $760,000
      Residential Income
      $675,000
      Energy
      $585,000
      Income-Based Land
      $620,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.75
    Latitude
    32.3171
    CBSA code
    29740
    CBSA name
    LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,552
    $169,884
    $286,163
    $456,047
    -
    $509,652
    $858,488
    $1,368,140

    Comparable in this City

    • Value Estimation
      $695,000
      10,212 SF

      2080 Triviz Dr

      HOTEL/MOTEL • 10,212 SF
      2080 Triviz Dr, Las Cruces, NM 88001-0606
      View Details
    • Value Estimation
      $525,000
      12,244 SF

      2101 Triviz Dr

      HOTEL/MOTEL • 12,244 SF
      2101 Triviz Dr, Las Cruces, NM 88001-5884
      View Details
    • Value Estimation by Request
      13,701 SF

      Las Cruces, NM 88001

      HOTEL • 13,701 SF
      Las Cruces, NM 88001
      View Details
    • Value Estimation
      $440,000
      5,150 SF

      2454 Main St

      HOTEL/MOTEL • 5,150 SF
      2454 Main St, Las Cruces, NM 88001-1135
      View Details
    • Value Estimation
      $535,000
      19,288 SF

      2121 Triviz Dr

      HOTEL/MOTEL • 19,288 SF
      2121 Triviz Dr, Las Cruces, NM 88001-5884
      View Details
    • Value Estimation by Request
      0.27 Acres

      2600 El Paseo Rd

      PARKING GARAGE, PARKING STRUCTURE • 0.27 Acres
      2600 El Paseo Rd, Las Cruces, NM 88001-6002
      View Details

    Similar Nearby for Sale

    • $179,000
      0.21 Acres

      Las Cruces Retail/Office Space

      Retail or office space with flexible layout in Las Cruces.
      1980 E Lohman Ave, Las Cruces, NM 88001
      View Details
    • $1,300,000
      10,727 SF

      Unique Mixed-Use Facility For Sale

      Versatile property with medical, gym, and training space.
      1400 El Paseo Rd, Las Cruces, NM 88001
      View Details
    • $2,400,000
      15,589 SF

      Las Cruces Office Building - $2.4M

      15,589 SF Office Building, 8.16% Cap Rate
      4605 Research Park Cir, Las Cruces, NM 88001
      View Details
    • $800,000
      3,234 SF

      Historic Las Cruces Restaurant

      Charming 3,234 SF Restaurant, $800,000
      118 Mesquite St, Las Cruces, NM 88001
      View Details
    • $2,128,995

      Las Cruces Commercial Land Trio

      Three prime parcels, ideal for development.
      0 Griggs Ave, Las Cruces, NM 88001
      View Details
    • $1,250,000
      6,566 SF

      Las Cruces Auto Shop Investment

      High-traffic location, excellent potential.
      1100 Main St, Las Cruces, NM 88001
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Las Cruces Office Space For Lease

      Prime Las Cruces location, 2,263 sq ft available.
      1103 Solano Dr, Las Cruces, NM 88001
      View Details
    • $22 SF/Yr
      46,848 SF

      Downtown Executive Office Suites

      Prestigious Office Space, Ample Parking
      201 Church St, Las Cruces, NM 88001
      View Details
    • $4,000 /Mo
      1,742 SF

      Downtown Las Cruces Executive Suite

      Executive suite for lease in downtown Las Cruces redevelopment.
      250 W Amador Ave, Las Cruces, NM 88001
      View Details
    • $10 SF/Yr
      2,199 SF

      Retail Space Near NMSU

      Retail space with access to high-income demographics and student population.
      2205-2265 S Main St, Las Cruces, NM 88001
      View Details
    • $12 SF/Yr
      2,700 SF

      Retail Space with Office Area

      Retail space featuring an office area and bathroom with shower.
      1021 E Amador Ave, Las Cruces, NM 88001
      View Details
    • $6,667 /Mo

      University Avenue Commercial Land Available

      Commercial land available on University Ave, near I-25.
      1701 E University Ave, Las Cruces, NM 88001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 Griggs Ave
    Las Cruces, NM 88001-2641
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.