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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Motels
755 Avenida De Mesilla Las Cruces, NM 88005-6573
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US61-0328497
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
FRAME
Total area
9,950 SF
Lot
2.49 ac (108,464 SF)
Zoning code
GEN-COMMERCL
APN
4-006-136-493-334
UPID
US61-0328497
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
-
Days Inn by Wyndham Las Cruces Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$935k
Owner & transaction history
M M Hospitality Lllp · 8 yrs held
M M Hospitality Lllp
since 2018
4 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
land development code
Top alternative use upside
Auto repair, garage
$1.2M
+93.6%
Commercial (general)
$1.1M
+83.9%
Office building
$1.1M
+77.3%
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 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%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$605,000
Current use
AUTO REPAIR, GARAGE
$1,175,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,115,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,075,000
Change: +77% · Conversion: Difficult
RESTAURANT
$1,020,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$850,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$645,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$94 / 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
$31,318
Tax year 2023
Assessed value
$918,350
Assessed 2023
Previous assessed
$834,864
+10.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$180,773
Assessed improvement
$737,577
Land market value
$542,320
Improvement market value
$2,212,731
Total market value
$2,755,051
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
NONE
Buildings
2
Total area
9,950 SF
Lot
2.49 ac (108,464 SF)
Zoning code
GEN-COMMERCL
APN
4-006-136-493-334
UPID
US61-0328497
Jurisdiction
DONA ANA
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NMZoning 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
Source
land development code
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$850,000
RETAIL STORES
Est. value
$805,000
INDUSTRIAL (GENERAL)
Est. value
$645,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (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
1986
Construction
FRAME
Heating
NONE
Buildings
2
Lot
2.49 ac
Current owner
From public records · entity-resolved
M M Hospitality Lllp
Entity
Mailing address
621 VLY GRV LN, ESCONDIDO, CA 92025-7453
Ownership since
2018
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
Jan 13, 2020
—
M M Hospitality Lllp
—
Deed
related
$9,936,000 · First Savings Bank
May 10, 2018
—
M M Hospitality Lllp
Michael L Shulai
Warranty Deed
$16,077 · First Savings Bank
Aug 11, 2015
—
Michael L Shular
Shular,michael L & Cynthia
Quit Claim Deed
related
$3,500,000 · First Nm Bk
—
—
Michael L Shular
—
Deed Of Trust
related
$2,818,767 · Wells Fargo Bank
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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