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Property profile & analytics
OFF-MARKET
Estimated value
$5,955,000
Distribution centers
2700 Airport Rd Santa Teresa, NM 88008-9713
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0015037
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
111,711 SF
Lot
6.77 ac (294,901 SF)
Zoning code
REMOTE-MESA
APN
4-012-165-179-484
UPID
US61-0015037
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
by Request
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$5.96M
Owner & transaction history
Ld Cobb Family Cal 1 LLC · 1 yrs held
Ld Cobb Family Cal 1 LLC
since 2025
3 recorded transactions
Zoning & alternative use
REMOTE-MESA · Santa Teresa, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.7M
+112.8%
Apartment house (5+ units)
$9.4M
+106.5%
Commercial (general)
$8.9M
+95.1%
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 Santa Teresa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Teresa 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,565,000
Current use
RETAIL STORES
$9,715,000
Change: +113% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,425,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,910,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,410,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$5.96M
Range $5.36M – $6.55M · ±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
$53 / 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
$59,717
Tax year 2023
Assessed value
$1,788,348
Assessed 2023
Previous assessed
$1,343,746
+33.1% YoY
Effective rate
3.34%
On assessed value
Assessed land
$196,330
Assessed improvement
$1,592,018
Land market value
$588,990
Improvement market value
$4,776,054
Total market value
$5,365,044
Applied tax rate
16.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Total area
111,711 SF
Lot
6.77 ac (294,901 SF)
Zoning code
REMOTE-MESA
APN
4-012-165-179-484
UPID
US61-0015037
Jurisdiction
DONA ANA
Zoning & alternative use
REMOTE-MESA · Santa Teresa, NMZoning REMOTE-MESA · permitted uses
REMOTE-MESA · Santa Teresa, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
RETAIL STORES
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
CONCRETE
Heating
NONE
Lot
6.77 ac
Current owner
From public records · entity-resolved
Ld Cobb Family Cal 1 LLC
Entity
Mailing address
114 SPG CRK HLS RD, LIVINGSTON, MT 59047-8811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Ld Cobb Family Cal 1 LLC
Ld Cobb Family Cal 1 LLC
Deed
related
—
May 2, 2006
—
Ld Cobb Family Cal 1 LLC
Club Deal 35 Airport II
Grant Deed
—
—
—
Ld Cobb Family Cal 1 LLC
—
Deed Of Trust
related
$400,000 · Premier Valley Bank
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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