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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
858 Motel Blvd Las Cruces, NM 88007-8159
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0008485
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1999
Total area
6,223 SF
Lot
0.54 ac (23,629 SF)
Zoning code
GEN-COMMERCL
APN
4-005-135-167-274
UPID
US61-0008485
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
-
Tri-State G & T Associates Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$590k
Owner & transaction history
Pax Investments LLC · 19 yrs held
Pax Investments LLC
since 2007
2 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+64.1%
Restaurant
$730,000
+62.7%
Retail stores
$610,000
+36.0%
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%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +64% · Conversion: Easy
RESTAURANT
$730,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +36% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$95 / 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
$4,262
Tax year 2023
Assessed value
$124,966
Assessed 2023
Previous assessed
$108,274
+15.4% YoY
Effective rate
3.41%
On assessed value
Assessed land
$23,629
Assessed improvement
$101,337
Land market value
$70,887
Improvement market value
$304,011
Total market value
$374,898
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1999
Heating
NONE
Total area
6,223 SF
Lot
0.54 ac (23,629 SF)
Zoning code
GEN-COMMERCL
APN
4-005-135-167-274
UPID
US61-0008485
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RESTAURANT
Est. value
$730,000
RETAIL STORES
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$500,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (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
1999
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
Pax Investments LLC
Entity
Free & Clear · 19 yrs held
Mailing address
300 S MOTEL BLVD, LAS CRUCES, NM 88007-4005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2007
—
Pax Investments LLC
Jurado,pedro D
Warranty Deed
related
—
May 6, 2005
—
Pedro D Jurado
Pittman,mickey N & Margaret J
Warranty Deed
related
—
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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