Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3970 Lohman Ave Las Cruces, NM 88011-8274

    • Retail space
    • 15,439 SF
    • 1.59 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0924205
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Natural Grocers / Grocery & Convenience Store / Food Market

    Property Details for 3970 Lohman Ave

    Year built
    2014
    Construction
    FRAME
    Lot size
    1.59 lot acres
    Property size
    15,439 SF
    Zone code
    PLAN-COMMERL
    Property type
    Retail space
    APN
    4-010-134-049-378
    APU
    4010134049378

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $771,000
      Market price range: $531k - $1.21M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $740,000
      Current use
      WAREHOUSE, STORAGE
      $775,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.733
    Latitude
    32.3194
    CBSA code
    29740
    CBSA name
    LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,785
    $253,953
    $443,516
    $697,469
    -
    $761,860
    $1,330,549
    $2,092,409

    Comparable in this City

    • Value Estimation
      $515,000
      6,550 SF

      3961 Lohman Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,550 SF
      3961 Lohman Ave, Las Cruces, NM 88011-8269
      View Details
    • Value Estimation by Request
      5,008 SF

      2808 Telshor Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,008 SF
      2808 Telshor Blvd, Las Cruces, NM 88011-8230
      View Details
    • Value Estimation by Request
      5,089 SF

      2645 Missouri Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,089 SF
      2645 Missouri Ave, Las Cruces, NM 88011-5023
      View Details
    • Value Estimation by Request
      6,840 SF

      5650 Bataan Memorial E

      RETAIL STORES (PERSONAL SERVICES) • 6,840 SF
      5650 Bataan Memorial E, Las Cruces, NM 88011-6029
      View Details
    • Value Estimation by Request
      3,280 SF

      5580 Bataan Memorial E1-6

      RETAIL STORES (PERSONAL SERVICES) • 3,280 SF
      5580 Bataan Memorial E1-6, Las Cruces, NM 88011-6009
      View Details
    • Value Estimation by Request
      7,226 SF

      4131 Northrise Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,226 SF
      4131 Northrise Dr, Las Cruces, NM 88011-7325
      View Details

    Similar Nearby for Sale

    • $2,500,000
      7,150 SF

      Versatile Commercial Building For Sale

      High-visibility commercial property suitable for retail, office, or restaurant use.
      900 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • $2,500,000

      Versatile Commercial Property on Telshor

      High-visibility commercial property suitable for retail, office, or restaurant use.
      900 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • $3,900,000
      20,557 SF

      Las Cruces Retail Property

      Retail property available for sale in Las Cruces, New Mexico.
      980 N Telshor Blvd, Las Cruces, NM 88011
      View Details
    • $651,505
      5.07 Acres

      Las Cruces Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for development.
      2805 Corte Dios, Las Cruces, NM 88011
      View Details
    • Contact for pricing

      Corner Lot on Lohman Avenue

      Corner lot available near Walmart, zoned PUD.
      4400 E Lohman Ave, Las Cruces, NM 88011
      View Details
    • $625,950

      Land Near Community College Campus

      Land available for sale, ground lease, or build-to-suit.
      Northrise Dr, Las Cruces, NM 88011
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      1,416 SF

      New Retail Space Available

      New construction retail spaces for lease in active area.
      4160 Northrise Dr, Las Cruces, NM 88011
      View Details
    • $28 SF/Yr
      1,200 SF

      Retail Space on Lohman Avenue

      Retail space available in a high-traffic shopping center.
      3835 E Lohman Ave, Las Cruces, NM 88011
      View Details
    • $14 SF/Yr
      1,175 SF

      Retail Space For Lease

      1,175 Sq. Ft. retail space available for lease.
      1770 S Telshor Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      2,204 SF

      Retail Space on Sonoma Ranch

      Retail space with excellent visibility on a major thoroughfare.
      4420 N Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
    • $2,200 /Mo
      1,400 SF

      High-Traffic Retail/Office Space Available

      Retail or office space with high visibility and traffic.
      518 Telshor Blvd, Las Cruces, NM 88011
      View Details
    • Contact for pricing
      6,735 SF

      Former Retail Box Available

      Available retail space in Las Cruces, New Mexico.
      1900 Bataan Memorial, Las Cruces, NM 88011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3970 Lohman Ave
    Las Cruces, NM 88011-8274
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.