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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Strip malls
3851 Lohman Ave, Las Cruces, NM 88011-8296
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US61-0054096
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Construction
FRAME
Total area
8,181 SF
Lot
1.99 ac (86,549 SF)
Zoning code
GEN-COMMERCL
APN
4-009-134-506-360
UPID
US61-0054096
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
-
Livingston Hearing Aid Center Hearing Aid Repair Service Hearing Aid Store
-
Quest Diagnostics Medical Clinic
-
Monte Bello Medical Physical Examination Center Radiologist
-
Sport Clips Haircuts of Las Cruces Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$505k
Owner & transaction history
Samra LLC · 8 yrs held
Samra LLC
since 2017
2 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$710,000
+95.8%
Apartment house (5+ units)
$700,000
+92.6%
Commercial (general)
$615,000
+69.5%
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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$365,000
Current use
INDUSTRIAL (GENERAL)
$710,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$700,000
Change: +93% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +69% · Conversion: Easy
WAREHOUSE, STORAGE
$410,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$62 / 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
$31,206
Tax year 2023
Assessed value
$915,091
Assessed 2023
Previous assessed
$915,091
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$288,497
Assessed improvement
$626,594
Land market value
$865,490
Improvement market value
$1,879,781
Total market value
$2,745,271
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Construction
FRAME
Heating
NONE
Buildings
2
Total area
8,181 SF
Lot
1.99 ac (86,549 SF)
Zoning code
GEN-COMMERCL
APN
4-009-134-506-360
UPID
US61-0054096
Jurisdiction
DONA ANA
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Zoning GEN-COMMERCL · permitted uses
GEN-COMMERCL · 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
$365,000
INDUSTRIAL (GENERAL)
Est. value
$710,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2011
Construction
FRAME
Heating
NONE
Buildings
2
Lot
1.99 ac
Current owner
From public records · entity-resolved
Samra LLC
Entity
Mailing address
800 SAN JOAQUIN RD SE, DEMING, NM 88030
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Weststar Bank
—
Deed
related
$2,500,000 · Samra LLC
Sep 18, 2017
—
Samra LLC
A & A Real Estate LLC
Warranty Deed
$3,500,000 · Wells Fargo Bank NA
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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