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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Turn key restaurants
3530 Foothills Rd Ste D Las Cruces, NM 88011-3621
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US61-1638679
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
FRAME
Total area
11,791 SF
Lot
1.14 ac (49,658 SF)
APN
4-009-135-402-057
UPID
US61-1638679
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
-
Bliss Studio LLC Hair Salon
-
Assured Imaging - Las Cruces Medical Clinic
-
Reding Perry W MD Physician
-
Zianet Telecommunications Service Data Center
-
Spinn.Net Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$515k
Owner & transaction history
Johnson Rental Company LLC · 6 yrs held
Johnson Rental Company LLC
since 2019
6 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$44 / 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
$13,728
Tax year 2023
Assessed value
$402,569
Assessed 2023
Previous assessed
$402,569
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$115,869
Assessed improvement
$286,700
Land market value
$347,606
Improvement market value
$860,100
Total market value
$1,207,706
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
NONE
Total area
11,791 SF
Lot
1.14 ac (49,658 SF)
APN
4-009-135-402-057
UPID
US61-1638679
Jurisdiction
DONA ANA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
NONE
Lot
1.14 ac
Current owner
From public records · entity-resolved
Johnson Rental Company LLC
Entity
Mailing address
3032 LOOKOUT RDG DR, LAS CRUCES, NM 88011-1640
Ownership since
2019
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
Dec 30, 2019
—
Johnson Rental Company LLC
Harbor Properties
Warranty Deed
$1,104,000 · First American Bank
Mar 30, 2012
—
Harbor Properties
Rhnm LLC
Warranty Deed
—
Dec 15, 2011
—
Rhnm LLC
Greco Rentals-university LLC
Deed In Lieu Of Foreclosure
—
Jul 25, 2008
—
Greco Rentals-university LLC
Philippou,philippos T & Irasema G
Warranty Deed
$1,275,000 · First Community Bank
Jun 23, 2008
—
Philippos T Philippou
—
Trustees Deed
related
$1,200,000 · Peoples Bank & Trust
—
—
Harbor Properties
—
Deed Of Trust
related
$980,000 · Private Individual
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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