New search
Property profile & analytics
OFF-MARKET
Outlet malls
3850 Lohman Ave, Las Cruces, NM 88011-8288
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US61-0393774
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2013
Construction
FRAME
Total area
8,596 SF
Lot
1.33 ac (57,761 SF)
Zoning code
HI-DENS-RES
APN
4-009-134-514-402
UPID
US61-0393774
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
-
Mr. Monty Barry Physician
-
David Jones Alternative Medicine Practice
-
Oliver Servin Alternative Medicine Practice
-
Kelly Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Mark Mudd Alternative Medicine Practice
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
Hesser Investments LLC · 3 yrs held
Hesser Investments LLC
since 2022
7 recorded transactions
Zoning & alternative use
HI-DENS-RES · 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
$15,887
Tax year 2023
Assessed value
$465,879
Assessed 2023
Previous assessed
$466,633
-0.2% YoY
Effective rate
3.41%
On assessed value
Assessed land
$250,298
Assessed improvement
$215,581
Land market value
$750,893
Improvement market value
$646,743
Total market value
$1,397,636
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
NONE
Total area
8,596 SF
Lot
1.33 ac (57,761 SF)
Zoning code
HI-DENS-RES
APN
4-009-134-514-402
UPID
US61-0393774
Jurisdiction
DONA ANA
Zoning & alternative use
HI-DENS-RES · Las Cruces, NM
Zoning HI-DENS-RES · permitted uses
HI-DENS-RES · 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
2013
Construction
FRAME
Heating
NONE
Lot
1.33 ac
Current owner
From public records · entity-resolved
Hesser Investments LLC
Entity
Mailing address
1111 E LOHMAN AVE, LAS CRUCES, NM 88001-3268
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
—
Hesser Investments LLC
El Presidente Management LLC
Quitclaim Deed
related
$1,711,000 · Capital Certified Develipment Corpo
Sep 6, 2022
—
El Presidente Management LLC
Hesser Investments LLC
Warranty Deed
—
Sep 30, 2019
—
El Presidente Management LLC
Hesser Investments LLC
Warranty Deed
$1,800,000 · Washington Fed'l Bk
Sep 27, 2019
—
Hesser Investments LLC
El Presidente Management LLC
Warranty Deed
$3,257,470 · Washington Fed'l Bk
Oct 15, 2018
—
Hesser Investments LLC
—
Grant Deed
related
$6,200,000 · Washington Fed'l Svgs
Jun 18, 2013
—
Hesser Investments LLC
—
Trustees Deed
related
$1,200,000 · Citizens Bk/las Cruces
Mar 6, 2009
—
Hesser Investments LLC
Tex-mex Land INC
Quit Claim Deed
related
—
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 3850 Lohman Ave?
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.
