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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
400 Anthony Dr Anthony, NM 88021
Entity Owned
Absentee Owner
Free & Clear
Property ID
US61-0200277
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
CONCRETE
Total area
6,320 SF
Lot
1.66 ac (72,310 SF)
Zoning code
NEIGH-COMM
APN
4-017-156-301-256
UPID
US61-0200277
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
-
El Paso Electric Co Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$640k
Owner & transaction history
El Paso Electric Company INC
El Paso Electric Company INC
since 2025
2 recorded transactions
Zoning & alternative use
NEIGH-COMM · Anthony, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 150.158 HOME OCCUPATIONS.
Top alternative use upside
Auto repair, garage
$745,000
+24.1%
Restaurant
$740,000
+22.8%
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 Anthony submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anthony 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Current use
AUTO REPAIR, GARAGE
$745,000
Change: +24% · Conversion: Difficult
RESTAURANT
$740,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$550,000
Change: -9% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$505,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$101 / 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
$5,565
Tax year 2023
Assessed value
$138,470
Assessed 2023
Previous assessed
$138,470
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$36,167
Assessed improvement
$102,303
Land market value
$108,500
Improvement market value
$306,910
Total market value
$415,410
Applied tax rate
18.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Total area
6,320 SF
Lot
1.66 ac (72,310 SF)
Zoning code
NEIGH-COMM
APN
4-017-156-301-256
UPID
US61-0200277
Jurisdiction
DONA ANA
Zoning & alternative use
NEIGH-COMM · Anthony, NMZoning NEIGH-COMM · permitted uses
NEIGH-COMM · Anthony, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 150.158 HOME OCCUPATIONS.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RESTAURANT
Est. value
$740,000
RETAIL STORES
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$505,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1976
Construction
CONCRETE
Heating
NONE
Lot
1.66 ac
Current owner
From public records · entity-resolved
El Paso Electric Company INC
Entity
Free & Clear · 0 yrs held
Mailing address
2825 SCENIC RDG LOOP, LAS CRUCES, NM 88011-0819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 25, 2025
—
El Paso Electric Company INC
Michael Gillihan
Warranty Deed
—
Jul 17, 2019
—
Michael L Gillihan
First Fsb Of Nm
Correction Deed
related
—
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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