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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2765 Main St Las Cruces, NM 88001-1149

    • Industrial properties
    • 1,764 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    3.6%
    Industrial properties
    Location Intelligence
    Property ID
    US61-0124889
    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

    • Jiffy Lube Multicare / Oil Change Service / Brake Shop

    Property Details for 2765 Main St

    Year built
    1988
    Lot size
    0.34 lot acres
    Property size
    1,764 SF
    Zone code
    GEN-COMMERCL
    Property type
    Industrial properties
    APN
    4-007-133-211-281
    APU
    4007133211281

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $285,000
      Market price range: $126k - $286k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $205,000
      Current use
      OFFICE BUILDING
      $230,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $210,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.779
    Latitude
    32.337
    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
    $1,934
    $20,000
    $36,700
    $56,700
    -
    $60,000
    $110,100
    $170,100

    Comparable in this City

    • Value Estimation
      $260,000
      1,577 SF

      1403 Amador Ave

      INDUSTRIAL (GENERAL) • 1,577 SF
      1403 Amador Ave, Las Cruces, NM 88001-3103
      View Details
    • Value Estimation
      $280,000
      2,400 SF

      114 Campo St

      INDUSTRIAL (GENERAL) • 2,400 SF
      114 Campo St, Las Cruces, NM 88001-3507
      View Details
    • Value Estimation
      $320,000
      4,160 SF

      715 Mesquite St

      INDUSTRIAL (GENERAL) • 4,160 SF
      715 Mesquite St, Las Cruces, NM 88001-2284
      View Details
    • Value Estimation
      $265,000
      1,632 SF

      1203 Las Cruces Ave

      INDUSTRIAL (GENERAL) • 1,632 SF
      1203 Las Cruces Ave, Las Cruces, NM 88001-2964
      View Details
    • Value Estimation
      $235,000
      1,440 SF

      1185 Ridgetop Ave

      INDUSTRIAL (GENERAL) • 1,440 SF
      1185 Ridgetop Ave, Las Cruces, NM 88001-2917
      View Details
    • Value Estimation
      $320,000
      3,920 SF

      751 Solano Dr

      INDUSTRIAL (GENERAL) • 3,920 SF
      751 Solano Dr, Las Cruces, NM 88001-2758
      View Details

    Similar Nearby for Sale

    • $499,000
      1,971 SF

      Las Cruces Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, High Revenue
      195 Mesquite St, Las Cruces, NM 88001
      View Details
    • $871,624
      3,016 SF

      Dental Property Investment Opportunity

      Stable, low-maintenance healthcare investment with zero landlord responsibilities.
      1748 S Triviz Dr, Las Cruces, NM 88001
      View Details
    • $686,945

      Vacant Land For Sale

      High-profile vacant land near Mountain View Hospital.
      4420 E Lohman Ave, Las Cruces, NM 88001
      View Details
    • $475,000
      1,971 SF

      Established Restaurant Business For Sale

      Profitable restaurant with real estate, equipment included in sale.
      195 N Mesquite St, Las Cruces, NM 88001
      View Details
    • $1,250,000
      6,566 SF

      Las Cruces Retail Investment Property

      Retail property in Las Cruces with high visibility and accessibility.
      1100 N Main St, Las Cruces, NM 88001
      View Details
    • $1,380,852
      6.34 Acres

      Las Cruces Commercial Land - $1.38M

      6.34 Acres, M-2 Zoning, Prime Location
      300 Walnut St, Las Cruces, NM 88001
      View Details

    Similar Nearby for Lease

    • $450 /Mo
      600 SF

      Commercial Storage and Self-Storage Units

      Commercial storage and self-storage units available for rent.
      1050 Santa Fe St, Las Cruces, NM 88001
      View Details
    • $12 SF/Yr
      1,200 SF

      Commercial Storage and Self-Storage Units

      Commercial and self-storage units with 24/7 access in Las Cruces.
      Santa Fe St, Las Cruces, NM 88001
      View Details
    • $6 SF/Yr
      8,000 SF

      8,000 SF Warehouse For Lease

      8,000 SF warehouse with high ceilings available for lease.
      5585 S Main St, Mesilla Park, NM 88001
      View Details
    • Contact for pricing
      1,263 SF

      Las Cruces Retail Space Available

      Retail spaces available for lease in Las Cruces, NM.
      2100 N Main St, Las Cruces, NM 88001
      View Details
    • $1,300,000

      Land with Streamlined Permit Process

      Land available for rent with expedited permitting and design flexibility.
      2001 S Main St, Las Cruces, NM 88001
      View Details
    • $12 SF/Yr
      1,211 SF

      Las Cruces Office Space Available

      Office space for rent in Las Cruces, New Mexico.
      420 N Campo St, 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.
    2765 Main St
    Las Cruces, NM 88001-1149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    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.