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Property profile & analytics
OFF-MARKET
Estimated value
$200,000
Day care centers
585 Melendres St Las Cruces, NM 88005-2569
Entity Owned
1-yr Hold
Property ID
US61-0262017
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1955
Total area
2,050 SF
Lot
0.15 ac (6,705 SF)
Zoning code
SNGL-FAM-RES
APN
4-006-135-468-113
UPID
US61-0262017
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
by Request
Blend (final)
Blend
$200k
Owner & transaction history
Fire Bird LLC · 1 yrs held
Fire Bird LLC
since 2024
6 recorded transactions
Zoning & alternative use
SNGL-FAM-RES · Las Cruces, NM
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±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
$98 / 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
$1,421
Tax year 2023
Assessed value
$41,667
Assessed 2023
Previous assessed
$55,000
-24.2% YoY
Effective rate
3.41%
On assessed value
Assessed land
$8,667
Assessed improvement
$33,000
Land market value
$26,000
Improvement market value
$99,000
Total market value
$125,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1955
Heating
STEAM
Stories
1
Bathrooms
2
Total area
2,050 SF
Lot
0.15 ac (6,705 SF)
Zoning code
SNGL-FAM-RES
APN
4-006-135-468-113
UPID
US61-0262017
Jurisdiction
DONA ANA
Zoning & alternative use
SNGL-FAM-RES · Las Cruces, NMZoning SNGL-FAM-RES · permitted uses
SNGL-FAM-RES · Las Cruces, NM
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
land development code
Building & site characteristics
From public records
Year built
1955
Heating
STEAM
Stories
1
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Fire Bird LLC
Entity
Mailing address
1930 TAPESTRY CIR, LAS CRUCES, NM 88005-4334
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
—
Fire Bird LLC
J2 Enterprises LLC
Warranty Deed
—
Sep 16, 2022
—
J2 Enterprises LLC
Equity Trust Company
Warranty Deed
$208,000 · Regions Bank
Mar 11, 2022
$174,245
Equity Trust Company
The Light House Senior Care Home Ll
Trustees Deed
related
—
Nov 6, 2019
—
Light Hse Senior Care Hm LLC
Rita K Brown
Warranty Deed
$200,000 · Charles J JR Horak
Sep 29, 2014
—
Rita K Brown
Wood,louise F
Quit Claim Deed
related
—
Oct 7, 2011
—
Louise F Wood
Wood Hulon H
Quit Claim 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.
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