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Property profile & analytics
OFF-MARKET
Estimated value
$4,075,000
Office Spaces
390 Calle De Alegra Las Cruces, NM 88005-3280
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0324492
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
FRAME
Total area
29,794 SF
Lot
3.66 ac (159,473 SF)
Zoning code
SNGL-FAM-RES
APN
4-007-136-446-369
UPID
US61-0324492
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
-
First Step Center Women's Health & Pediatrics Medical Clinic
-
Peak Behavioral - Las Cruces Crisis Center Medical Clinic
-
Bateman Donna Midwife
-
Abigail Dobrowolski Physician
-
The Play Lab Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$4.08M
Owner & transaction history
FAMILY 6 LLC
FAMILY 6 LLC
Zoning & alternative use
SNGL-FAM-RES · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+5.3%
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%
$4,405,000
6.5%
$4,065,000
7%
$3,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,340,000
Current use
AUTO REPAIR, GARAGE
$3,515,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$3,220,000
Change: -4% · Conversion: Easy
RESTAURANT
$3,060,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.08M
Range $3.67M – $4.48M · ±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
$137 / 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
$53,100
Tax year 2023
Assessed value
$1,557,085
Assessed 2023
Previous assessed
$1,557,085
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$146,184
Assessed improvement
$1,410,901
Land market value
$438,551
Improvement market value
$4,232,704
Total market value
$4,671,255
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
NONE
Total area
29,794 SF
Lot
3.66 ac (159,473 SF)
Zoning code
SNGL-FAM-RES
APN
4-007-136-446-369
UPID
US61-0324492
Jurisdiction
DONA ANA
Zoning & alternative use
SNGL-FAM-RES · Las Cruces, NM
Zoning SNGL-FAM-RES · permitted uses
SNGL-FAM-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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
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
2005
Construction
FRAME
Heating
NONE
Lot
3.66 ac
Current owner
From public records · entity-resolved
FAMILY 6 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
750 W PALMS, LAS CRUCES, NM 88007-8146
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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