Property profile

3948 Lohman Ave Las Cruces, NM 88011

OFF-MARKET
Office buildings
Property ID
US61-0074092
8,045 SF 1 ac lot Built 2006
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Construction FRAME
Total area 8,045 SF
Lot 1 ac (43,560 SF)
Zoning code GEN-COMMERCL
APN 4-010-134-077-394
UPID US61-0074092

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Wellness Program
  • Law Firm
  • Medical Clinic

Location

3948 Lohman Ave Las Cruces, NM 88011-8274
Las Cruces metro Census 1203 LAS CRUCES, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.17M
Comparable Approach Comparable
$911k
Blend (final) Blend
$380k

Owner & transaction history

since 2012
5 recorded transactions
2016
Price N/A
2012
Price N/A
2011
$1.1M
2007
Price N/A
2005
Price N/A

Zoning & alternative use

GEN-COMMERCL · Las Cruces, NM
Top alternative use upside
Auto repair, garage $950,000 +12.0%
Restaurant $850,000 +0.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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