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Property profile & analytics
FOR SALE
Super regional malls
700 S Telshor Blvd Las Cruces, NM 88011
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0302110
For Sale
1 / 14
$4,645,000
700 S Telshor Blvd, Las Cruces, NM 88011
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Construction
FRAME
Total area
275,875 SF
Lot
36.43 ac (1,587,015 SF)
Zoning code
GEN-COMMERCL
APN
4-009-135-249-200
UPID
US61-0302110
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
-
Boba Tea Company Cafe & Coffee Shop
-
Yogo Berry Cafe & Coffee Shop Take-out & Catering
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Kay Jewelers (Bike/Boat/Book/etc) Store
-
Cool Shades/ M & M Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Boiler Del Rey LLC · 2 yrs held
Boiler Del Rey LLC
since 2023
7 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / 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
$116,249
Tax year 2023
Assessed value
$3,362,816
Assessed 2023
Previous assessed
$3,362,816
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$1,322,513
Assessed improvement
$2,040,303
Land market value
$3,967,538
Improvement market value
$6,120,908
Total market value
$10,088,446
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1981
Construction
FRAME
Heating
NONE
Buildings
2
Total area
275,875 SF
Lot
36.43 ac (1,587,015 SF)
Zoning code
GEN-COMMERCL
APN
4-009-135-249-200
UPID
US61-0302110
Jurisdiction
DONA ANA
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Zoning GEN-COMMERCL · permitted uses
GEN-COMMERCL · 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.
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
NONE
Buildings
2
Lot
36.43 ac
Current owner
From public records · entity-resolved
Boiler Del Rey LLC
Entity
Free & Clear · 2 yrs held
Mailing address
150 GREAT NCK RD STE #304, GREAT NECK, NY 11021-3309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
—
Boiler Del Rey LLC
—
Deed
related
—
Aug 30, 2023
—
Boiler Del Rey LLC
Mesilla Nassim LLC
Special Warranty Deed
—
Aug 7, 2020
—
Namco Realty LLC
—
Deed
related
$15,075,000 · Us Eagle FCU
May 29, 2020
—
Mesilla Realty LLC
Mesilla Vly Spe 991068834 LLC
Quit Claim Deed
related
—
May 23, 2018
$48,600,000
Messilla Vly Spe-991068834 LLC
Special Master Of Dona Ana County|mesilla Valley M
Trustees Deed
—
Aug 16, 2007
—
Mesilla Valley Mall LLC
New Mexico Mall Partners
Grant Deed
$54,000 · Column Financial INC
—
—
Namco Realty LLC
—
Deed Of Trust
related
$15,075,000 · Us Eagle FCU
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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