Back to Search
Property profile & analytics
OFF-MARKET
Theaters & concert halls
303 Alameda Blvd Las Cruces, NM 88005-2615
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-1649608
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1945
Construction
FRAME
Total area
2,041 SF
Lot
0.29 ac (12,810 SF)
Zoning code
CBD
APN
4-007-135-156-298
UPID
US61-1649608
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
-
downtown desert yoga Gym & Fitness Center
-
Zia Recovery Center Medical Clinic
-
Cynthia Stinson Counselor Marriage Or Relationship Counselor
-
Rydan Solutions Inc Medical Clinic
-
Armando Jalil Physician Medical Clinic
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
Cns Properties LLC · 12 yrs held
Cns Properties LLC
since 2013
6 recorded transactions
Zoning & alternative use
CBD · 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
$1,046
Tax year 2023
Assessed value
$30,667
Assessed 2023
Previous assessed
$30,667
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$14,945
Assessed improvement
$15,722
Land market value
$44,835
Improvement market value
$47,165
Total market value
$92,000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
NONE
Total area
2,041 SF
Lot
0.29 ac (12,810 SF)
Zoning code
CBD
APN
4-007-135-156-298
UPID
US61-1649608
Jurisdiction
DONA ANA
Zoning & alternative use
CBD · Las Cruces, NM
Zoning CBD · permitted uses
CBD · 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
1945
Construction
FRAME
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Cns Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3100 HARRELSON ST, LAS CRUCES, NM 88005-7702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2013
—
Cns Properties LLC
Mestas,angela L
Quit Claim Deed
related
—
Sep 30, 2011
—
Angela L Mestas
Lopez,albert
Quit Claim Deed
related
—
Aug 30, 2011
—
Angela L Mestas
Lopez,albert
Quit Claim Deed
related
—
Jun 9, 2010
—
Albert Lopez
Lopez,sylvia
Quit Claim Deed
related
—
Mar 23, 2005
—
Sylvia V Lopez
Lopez,albert
Quit Claim Deed
related
—
Mar 1, 2004
—
Albert Lopez
Lopez,sylvia
Quit Claim Deed
related
$111,607 · First Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 303 Alameda Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
