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Property profile & analytics
OFF-MARKET
Estimated value
$30,405,000
Office Spaces
4311 Lohman Ave Las Cruces, NM 88011-8255
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0145288
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
FRAME
Total area
252,445 SF
Lot
23.96 ac (1,043,698 SF)
Zoning code
PLAN-UNT-DEV
APN
4-010-134-166-232
UPID
US61-0145288
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
-
MountainView Regional Medical Center - Emergency Room Hospital
-
Fresenius Medical Care at Mountian View Regional Medical Cent Medical Clinic
-
Caglia Angelica A MD Physician
-
MountainView Regional Medical Center Hospital
-
Lynn Sloan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.46M
Comparable Approach
Comparable
$26.35M
Blend (final)
Blend
$30.41M
Owner & transaction history
Las Cruces Medical Center LLC · 19 yrs held
Las Cruces Medical Center LLC
since 2007
7 recorded transactions
Zoning & alternative use
PLAN-UNT-DEV · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.8M
+56.6%
Restaurant
$26.6M
+40.0%
Office building
$26.6M
+39.8%
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 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%
$37,330,000
6.5%
$34,460,000
7%
$31,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$19,030,000
Current use
AUTO REPAIR, GARAGE
$29,795,000
Change: +57% · Conversion: Difficult
RESTAURANT
$26,635,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$26,615,000
Change: +40% · Conversion: Easy
INDUSTRIAL (GENERAL)
$21,985,000
Change: +16% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$21,625,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$30.41M
Range $27.36M – $33.45M · ±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
$120 / 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
$695,745
Tax year 2023
Assessed value
$20,401,880
Assessed 2023
Previous assessed
$20,401,880
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$1,397,667
Assessed improvement
$19,004,213
Land market value
$4,193,000
Improvement market value
$57,012,640
Total market value
$61,205,640
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
2002
Construction
FRAME
Heating
NONE
Total area
252,445 SF
Lot
23.96 ac (1,043,698 SF)
Zoning code
PLAN-UNT-DEV
APN
4-010-134-166-232
UPID
US61-0145288
Jurisdiction
DONA ANA
Zoning & alternative use
PLAN-UNT-DEV · Las Cruces, NM
Zoning PLAN-UNT-DEV · permitted uses
PLAN-UNT-DEV · 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
$19.0M
AUTO REPAIR, GARAGE
Est. value
$29.8M
RESTAURANT
Est. value
$26.6M
OFFICE BUILDING
Est. value
$26.6M
INDUSTRIAL (GENERAL)
Est. value
$22.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
FRAME
Heating
NONE
Lot
23.96 ac
Current owner
From public records · entity-resolved
Las Cruces Medical Center LLC
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
Las Cruces Medical Center LLC
—
Deed
related
$6,340,000 · Regions Bank
Jul 16, 2020
—
Las Cruces Medical Center LLC
—
Deed
related
$1,462,000,000 · Credit Suisse Ag
Oct 31, 2018
—
Las Cruces Medical Center LLC
—
Loan Modification
related
$1,032,607,000 · Credit Suisse Ag
Aug 24, 2018
—
Las Cruces Medical Center LLC
—
Grant Deed
related
—
Sep 5, 2017
—
Las Cruces Medical Center LLC
—
Loan Modification
related
—
Dec 9, 2014
—
Las Cruces Medical Center LLC
—
Loan Modification
related
—
Feb 6, 2008
—
Las Cruces Medical Center LLC
—
Deed Of Trust
related
—
Apr 18, 2007
—
Las Cruces Medical Center LLC
Alameda Land & Dev Corp
Deed Of Trust
related
$1,100,000,000 · Bank Of America
—
—
Las Cruces Medical Center LLC
—
Loan Modification
related
—
—
—
Las Cruces Medical Center LLC
—
Deed Of Trust
related
—
—
—
Las Cruces Medical Center LLC
—
Loan Modification
related
$1,462,000,000 · Credit Suisse Ag
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.
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