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    Property profile & analytics

    705 University Ave Las Cruces, NM 88001-5637

    • Banks
    • 5,574 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Location Intelligence
    Property ID
    US61-0126330
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • University Family Dental: Martin Kimberly DDS / Dental Clinic / Dentist
    • Pioneer Bank / Financial Institution / Loan Agency
    • Dr. Patricia Martin / Dentist / Practitioner Service Location
    • Dr. Wendy Lara / Dentist / Practitioner Service Location
    • University Family Dental / Dentist / Dental Clinic

    Property Details for 705 University Ave

    Year built
    2005
    Construction
    FRAME
    Lot size
    1.23 lot acres
    Property size
    5,574 SF
    Zone code
    HI-DENS-RES
    Property type
    Banks
    APN
    4-008-137-237-116
    APU
    4008137237116

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $585,000
      6.5%
      $540,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $570,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $605,000
      Retail
      $510,000
      Mixed-Use
      $630,000
      Hospitality
      $500,000
      Educational
      $560,000
      Residential Income
      $470,000
      Energy
      $565,000
      Income-Based Land
      $550,000
      Food Service
      $520,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.761
    Latitude
    32.2835
    CBSA code
    29740
    CBSA name
    LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,657
    $214,316
    $156,837
    $371,153
    -
    $642,948
    $470,512
    $1,113,460

    Comparable in this City

    • Value Estimation
      $440,000
      2,311 SF

      600 Main St

      FINANCIAL BUILDING • 2,311 SF
      600 Main St, Las Cruces, NM 88001
      View Details
    • Value Estimation
      $390,000
      3,398 SF

      2145 Lohman Ave

      FINANCIAL BUILDING • 3,398 SF
      2145 Lohman Ave, Las Cruces, NM 88001-8496
      View Details
    • Value Estimation
      $895,000
      31,342 SF

      505 Main St

      FINANCIAL BUILDING • 31,342 SF
      505 Main St, Las Cruces, NM 88001-1206
      View Details
    • Value Estimation
      $540,000
      8,265 SF

      2505 El Paseo Rd

      FINANCIAL BUILDING • 8,265 SF
      2505 El Paseo Rd, Las Cruces, NM 88001-6003
      View Details
    • Value Estimation
      $390,000
      2,207 SF

      2841 Main St

      FINANCIAL BUILDING • 2,207 SF
      2841 Main St, Las Cruces, NM 88001-1151
      View Details
    • Value Estimation
      $425,000
      2,361 SF

      1043 Main St

      FINANCIAL BUILDING • 2,361 SF
      1043 Main St, Las Cruces, NM 88001-1125
      View Details

    Similar Nearby for Sale

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      Las Cruces Retail/Office Property

      Retail and office space available for purchase in Las Cruces.
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      11,754 SF Storefront - High Traffic
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    Similar Nearby for Lease

    • $12 SF/Yr
      5,492 SF

      Retail Spaces on Missouri Avenue

      Retail spaces available in high-traffic area near university.
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      View Details
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      1,750 SF

      Retail Center Space For Rent

      Grocery anchored retail center in high traffic area.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Las Cruces

      Retail space available for lease in Las Cruces, NM.
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      1,263 SF

      Las Cruces Retail Space Available

      Retail spaces available for lease in Las Cruces, NM.
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    • $16 SF/Yr
      4,000 SF

      Retail Space with High Visibility

      Retail space for lease with excellent visibility and access.
      2501 N Main St, Las Cruces, NM 88001
      View Details
    • $15 SF/Yr
      5,000 SF

      Downtown Retail Space Available

      Retail space in downtown location needing complete remodel.
      127 Amador Ave, Las Cruces, NM 88001
      View Details
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    705 University Ave
    Las Cruces, NM 88001-5637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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