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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Community centers
3050 Lohman Ave, Las Cruces, NM 88011-8256
Entity Owned
Absentee Owner
Free & Clear
Property ID
US61-1260894
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Total area
98,015 SF
Lot
7.85 ac (341,946 SF)
Zoning code
FLOOD-CONTRL
APN
4-009-134-350-528
UPID
US61-1260894
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
-
Marshalls Department Store
-
Andrew D. Johnson OD- Your EyeCare & Contact Lens Center Physician
-
Eyemart Express Ophthalmologist (Bike/Boat/Book/etc) Store
-
Ross Dress for Less Clothing Store Department Store
-
Petco (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$6.70M
Owner & transaction history
FS LAGUNA SECA I LLC
FS LAGUNA SECA I LLC
Zoning & alternative use
FLOOD-CONTRL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.3M
+137.2%
Office building
$10.3M
+137.0%
Industrial (general)
$8.5M
+95.8%
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
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
NEIGHBORHOOD: SHOPPING CENTER
$4,360,000
Current use
RESTAURANT
$10,340,000
Change: +137% · Conversion: Difficult
OFFICE BUILDING
$10,335,000
Change: +137% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,535,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,395,000
Change: +93% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,390,000
Change: +69% · Conversion: Easy
WAREHOUSE, STORAGE
$4,925,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±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
$68 / 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
$116,780
Tax year 2023
Assessed value
$3,424,433
Assessed 2023
Previous assessed
$3,424,433
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$1,082,829
Assessed improvement
$2,341,604
Land market value
$3,248,487
Improvement market value
$7,024,813
Total market value
$10,273,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2001
Total area
98,015 SF
Lot
7.85 ac (341,946 SF)
Zoning code
FLOOD-CONTRL
APN
4-009-134-350-528
UPID
US61-1260894
Jurisdiction
DONA ANA
Zoning & alternative use
FLOOD-CONTRL · Las Cruces, NM
Zoning FLOOD-CONTRL · permitted uses
FLOOD-CONTRL · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.4M
RESTAURANT
Est. value
$10.3M
OFFICE BUILDING
Est. value
$10.3M
INDUSTRIAL (GENERAL)
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2001
Lot
7.85 ac
Current owner
From public records · entity-resolved
FS LAGUNA SECA I LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3160 CROW CYN PL STE #135, SAN RAMON, CA 94583-1106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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