Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401 Avenida Ascencion Santa Teresa, NM 88008-9714
    Back to Search
    Property profile & analytics

    401 Avenida Ascencion Santa Teresa, NM 88008-9714

    View on Map
    • Manufacturing properties
    • 141,134 SF
    • 7.98 lot acres
    Off-Market
    Last Sale Sep 16, 2024
    Property ID
    US61-0218526
    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.
    Value Estimations
    $2,180,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 401 Avenida Ascencion

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    7.98 lot acres
    Property size
    141,134 SF
    Zone code
    REMOTE-MESA
    Property type
    Manufacturing properties
    APN
    4-012-171-367-066
    APU
    4012171367066

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Teresa
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.69
    Latitude
    31.7908
    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
    $34,659
    $115,710
    $922,223
    $1,037,933
    -
    $347,130
    $2,766,670
    $3,113,800

    Comparable in this City

    • Value Estimation
      $12,905,000
      291,040 SF

      2500 Airport Rd

      MANUFACTURING (LIGHT) • 291,040 SF
      2500 Airport Rd, Santa Teresa, NM 88008-9702
      View Details
    • Value Estimation
      $5,205,000
      106,584 SF

      175 Kitty Hawk Blvd

      MANUFACTURING (LIGHT) • 106,584 SF
      175 Kitty Hawk Blvd, Santa Teresa, NM 88008-9724
      View Details
    • Value Estimation
      $4,740,000
      95,583 SF

      12 Kitty Hawk Dr, Unit 1

      MANUFACTURING (LIGHT) • 95,583 SF
      12 Kitty Hawk Dr, Santa Teresa, NM 88008-9716
      View Details
    • Value Estimation
      $3,400,000
      67,620 SF

      100 Lindbergh Dr

      MANUFACTURING (LIGHT) • 67,620 SF
      100 Lindbergh Dr, Santa Teresa, NM 88008-9706
      View Details
    • Value Estimation by Request
      73,500 SF

      Santa Teresa Nm

      Manufacturing properties • 73,500 SF
      0 Santa Teresa Nm, Santa Teresa, NM 88008
      View Details
    • Value Estimation
      $5,495,000
      114,755 SF

      2400 Airport Rd

      MANUFACTURING (LIGHT) • 114,755 SF
      2400 Airport Rd, Santa Teresa, NM 88008-9704
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Westpark Logistics Center Land

      166 acres of industrial land near Santa Teresa Gateway Rail
      450 Industrial Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      136 SF

      Industrial Land on Pete Domenici

      Divisible industrial land with frontage on Pete V Domenici Highway.
      9101 Pete V Domenici Hwy, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      33.72 Acres

      Prime Santa Teresa Land - 33.72 Acres

      Mixed-use development opportunity near I-10.
      0 Airport Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Santa Teresa Industrial Land Parcels

      Land parcels in Opportunity Zone with logistical and financial advantages.
      Parcels Border Industrial Park, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      7.98 Acre Industrial Land Lot

      Industrial land near Santa Teresa International Port of Entry.
      400 Avenida Ascencion, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Avenida Divisadero, Santa Teresa, NM 88008

      Industrial land
      Avenida Divisadero, Santa Teresa, NM 88008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      145,350 SF

      Industrial Space Near Santa Teresa Port

      145,350 sq ft industrial space near Santa Teresa port.
      655 Industrial Ave, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Warehouse Near Santa Teresa Port

      36,000 SF warehouse near Santa Teresa Port of Entry.
      Santa Teresa Nm, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      96,000 SF

      Santa Teresa Warehouse Space Available

      96,000 sq ft warehouse/industrial space for lease.
      2800 Airport Rd, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      415,220 SF

      Santa Teresa Industrial Space Available

      415,220 sq ft industrial space for lease.
      855 Industrial Ave, Santa Teresa, NM 88008
      View Details
    • Contact for pricing
      35,396 SF

      Industrial Space Near Santa Teresa Port

      35,396 SF industrial space near Santa Teresa Port of Entry.
      301 Avenida Ascencion, Santa Teresa, NM 88008
      View Details
    • Contact for pricing

      Santa Teresa Tech Center

      Office and commercial spaces available for rent in Santa Teresa.
      1190 Country Club Rd, Santa Teresa, NM 88008
      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.
    401 Avenida Ascencion
    Santa Teresa, NM 88008-9714
    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

    Thank You for Inquiry
    401 Avenida Ascencion, Santa Teresa, NM, 88008
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!