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Property profile & analytics
OFF-MARKET
Estimated value
$6,515,000
Distribution centers
5025 Avenida Creel, La Mesa, NM 88044
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0880168
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Total area
118,578 SF
Lot
60 ac (2,613,600 SF)
Zoning code
REMOTE-MESA
APN
4-011-166-520-110
UPID
US61-0880168
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.24M
Blend (final)
Blend
$6.52M
Owner & transaction history
Santa Teresa Capital LLC · 8 yrs held
Santa Teresa Capital LLC
since 2017
3 recorded transactions
Zoning & alternative use
REMOTE-MESA · La Mesa, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.3M
+76.4%
Apartment house (5+ units)
$10.0M
+71.3%
Industrial (general)
$9.5M
+63.3%
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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
WAREHOUSE, STORAGE
$5,840,000
Current use
RETAIL STORES
$10,305,000
Change: +76% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,005,000
Change: +71% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,540,000
Change: +63% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,455,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$6.52M
Range $5.86M – $7.17M · ±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
$55 / 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
$66,420
Tax year 2023
Assessed value
$1,989,100
Assessed 2023
Previous assessed
$404,801
+391.4% YoY
Effective rate
3.34%
On assessed value
Assessed land
$136,000
Assessed improvement
$1,853,100
Land market value
$408,000
Improvement market value
$5,559,300
Total market value
$5,967,300
Applied tax rate
16.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2021
Heating
NONE
Total area
118,578 SF
Lot
60 ac (2,613,600 SF)
Zoning code
REMOTE-MESA
APN
4-011-166-520-110
UPID
US61-0880168
Jurisdiction
DONA ANA
Zoning & alternative use
REMOTE-MESA · La Mesa, NM
Zoning REMOTE-MESA · permitted uses
REMOTE-MESA · La Mesa, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
RETAIL STORES
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$9.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2021
Heating
NONE
Lot
60 ac
Current owner
From public records · entity-resolved
Santa Teresa Capital LLC
Entity
Free & Clear · 8 yrs held
Mailing address
601 N MESA ST #1500, EL PASO, TX 79901-1225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
—
Lanestone I LLC
—
Deed
related
$1,350,000 · Bank Of Albuquerque
Nov 3, 2017
—
Santa Teresa Capital LLC
Cento LLC
Grant Deed
related
—
—
—
Lanestone I LLC
—
Deed Of Trust
related
$1,350,000 · Bank Of Albuquerque
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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