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Property profile & analytics
OFF-MARKET
Warehouses
7950 Market Pl, Las Cruces, NM 88007-9019
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US61-0003163
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
3,840 SF
Lot
5.62 ac (244,807 SF)
Zoning code
EXTR-TERR-ZN
APN
3-001-137-241-155
UPID
US61-0003163
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
-
Twice the Space - Airport Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mc 1031 Exchange Services LLC · 2 yrs held
Mc 1031 Exchange Services LLC
since 2023
6 recorded transactions
Zoning & alternative use
EXTR-TERR-ZN · 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
—
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
$9,502
Tax year 2023
Assessed value
$278,648
Assessed 2023
Previous assessed
$278,648
+0.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$33,720
Assessed improvement
$244,928
Land market value
$101,160
Improvement market value
$734,785
Total market value
$835,945
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
7
Total area
3,840 SF
Lot
5.62 ac (244,807 SF)
Zoning code
EXTR-TERR-ZN
APN
3-001-137-241-155
UPID
US61-0003163
Jurisdiction
DONA ANA
Zoning & alternative use
EXTR-TERR-ZN · Las Cruces, NM
Zoning EXTR-TERR-ZN · permitted uses
EXTR-TERR-ZN · 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
2006
Heating
NONE
Buildings
7
Lot
5.62 ac
Current owner
From public records · entity-resolved
Mc 1031 Exchange Services LLC
Entity
Mailing address
PO BOX 2018, LAS CRUCES, NM 88004-2018
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
Mc 1031 Exchange Services LLC
Market Place Storage LLC
Warranty Deed
—
Jun 24, 2019
—
Antonio P Alvillar JR.
Alvillar,elizabeth
Quit Claim Deed
$551,500 · Elizabeth Alvillar
Jun 15, 2016
—
Antonio P Alvillar JR
Secure Storage Service INC
Grant Deed
$140,000 · Private Individual
Nov 16, 2006
—
Secure Storage Service INC
Thoma,larry F
Warranty Deed
$910,000 · First Community Bank
Apr 19, 2005
—
Larry F Thoma
Stull & Pompeo Ptshp
Grant Deed
related
—
—
—
Larry F Thoma
—
Deed Of Trust
related
$93,750 · First Community 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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