New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
3882 Las Colinas Dr, Las Cruces, NM 88012-0610
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0149292
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
7,500 SF
Lot
2.76 ac (120,284 SF)
Zoning code
AGRICULTURAL
APN
4-009-130-370-464
UPID
US61-0149292
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$525k
Owner & transaction history
Onate Storage LLC · 15 yrs held
Onate Storage LLC
since 2011
7 recorded transactions
Zoning & alternative use
AGRICULTURAL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+125.8%
Industrial (general)
$655,000
+73.3%
Apartment house (5+ units)
$640,000
+70.4%
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
$330,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$375,000
Current use
OFFICE BUILDING
$850,000
Change: +126% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$655,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$640,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$600,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$70 / 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
$14,296
Tax year 2023
Assessed value
$419,199
Assessed 2023
Previous assessed
$354,584
+18.2% YoY
Effective rate
3.41%
On assessed value
Assessed land
$70,166
Assessed improvement
$349,033
Land market value
$210,497
Improvement market value
$1,047,100
Total market value
$1,257,597
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Buildings
6
Total area
7,500 SF
Lot
2.76 ac (120,284 SF)
Zoning code
AGRICULTURAL
APN
4-009-130-370-464
UPID
US61-0149292
Jurisdiction
DONA ANA
Zoning & alternative use
AGRICULTURAL · Las Cruces, NM
Zoning AGRICULTURAL · permitted uses
AGRICULTURAL · 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
WAREHOUSE, STORAGE Current
Est. value
$375,000
OFFICE BUILDING
Est. value
$850,000
INDUSTRIAL (GENERAL)
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$640,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$600,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1998
Construction
CONCRETE
Heating
NONE
Buildings
6
Lot
2.76 ac
Current owner
From public records · entity-resolved
Onate Storage LLC
Entity
Mailing address
2507 N TELSHOR BLVD STE A, LAS CRUCES, NM 88011-8286
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Oct 4, 2018
—
Onate Storage LLC
—
Deed
related
$2,000,000 · Citizens Bk/las Cruces
Feb 23, 2017
—
Onate Storage LLC
—
Deed
related
—
Feb 16, 2017
—
Onate Storage LLC
—
Deed
related
—
Jun 17, 2011
—
Onate Storage LLC
Onate Dev Ltd Co LLC
Quit Claim Deed
$925,000 · Citizens Bk/las Cruces
—
—
Onate Storage LLC
—
Loan Modification
related
—
—
—
Onate Storage LLC
—
Loan Modification
related
—
—
—
Onate Storage LLC
—
Deed Of Trust
related
$2,000,000 · Citizens Bk/las Cruces
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 3882 Las Colinas Dr?
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.
