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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Theaters & concert halls
700 Telshor Blvd Las Cruces, NM 88011-4669
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-1649533
Property summary
AI-generated overview
Mesilla Valley Mall in Las Cruces, New Mexico, offers exceptional retail leasing opportunities. This established shopping mall boasts a total of 607,086 square feet of retail space situated on a substantial 47.41-acre lot at 700 S Telshor Blvd, Las Cruces, NM 88011. Currently, there is 105,997 square feet of vacant space available, offering flexible options for various retail businesses. Spaces range from a minimum of 1,609 square feet to a maximum contiguous space of 68,481 square feet, catering to a wide array of tenant needs. The mall's multiple tenancy structure provides a vibrant and diverse shopping environment. Located in Doña Ana County, this property benefits from excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong community engagement. The property is classified as retail, specifically a shopping mall, and is available for lease. This presents a unique chance to establish or expand your retail presence in a thriving New Mexico market. Contact us today to explore the available spaces and discuss your leasing options.
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2009
Construction
CONCRETE
Total area
47,612 SF
Lot
7.41 ac (322,568 SF)
Zoning code
GEN-COMMERCL
APN
4-009-135-224-246
UPID
US61-1649533
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
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Mesilla Realty LLC · 6 yrs held
Mesilla Realty LLC
since 2020
4 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$23 / 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
$58,060
Tax year 2023
Assessed value
$1,702,551
Assessed 2023
Previous assessed
$1,702,551
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$376,329
Assessed improvement
$1,326,222
Land market value
$1,128,988
Improvement market value
$3,978,665
Total market value
$5,107,653
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Total area
47,612 SF
Lot
7.41 ac (322,568 SF)
Zoning code
GEN-COMMERCL
APN
4-009-135-224-246
UPID
US61-1649533
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
2009
Construction
CONCRETE
Heating
NONE
Lot
7.41 ac
Current owner
From public records · entity-resolved
Mesilla Realty LLC
Entity
Free & Clear · 6 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
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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.
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