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Property profile & analytics
OFF-MARKET
Office buildings
9035 Advancement Ave 1-6 Las Cruces, NM 88007-5484
Entity Owned
7-yr Hold
Free & Clear
Property ID
US61-0221394
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
2,400 SF
Lot
10 ac (435,600 SF)
Zoning code
LT-MANUFACTR
APN
3-003-138-472-377
UPID
US61-0221394
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
-
Burrell College of Osteopathic Medicine - BioScience Research Laboratory - Building 200 College
-
Rio Grande Analytics - Las Cruces Laboratory
-
Blue Planet Water Big Box & Wholesale Store
-
S.C.A.L.E. Ag Services Production Facility
-
The Southwest Research and Production Complex Property Management Company
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
Balance Realty LLC · 7 yrs held
Balance Realty LLC
since 2018
5 recorded transactions
Zoning & alternative use
LT-MANUFACTR · 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
$17,091
Tax year 2023
Assessed value
$501,170
Assessed 2023
Previous assessed
$439,479
+14.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$86,667
Assessed improvement
$414,503
Land market value
$260,000
Improvement market value
$1,243,510
Total market value
$1,503,510
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
5
Total area
2,400 SF
Lot
10 ac (435,600 SF)
Zoning code
LT-MANUFACTR
APN
3-003-138-472-377
UPID
US61-0221394
Jurisdiction
DONA ANA
Zoning & alternative use
LT-MANUFACTR · Las Cruces, NM
Zoning LT-MANUFACTR · permitted uses
LT-MANUFACTR · 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
Heating
NONE
Buildings
5
Lot
10 ac
Current owner
From public records · entity-resolved
Balance Realty LLC
Entity
Free & Clear · 7 yrs held
Mailing address
9035 ADVANCEMENT AVE, LAS CRUCES, NM 88007-5484
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
—
Balance Realty LLC
Sapphire Energy INC
Warranty Deed
related
—
Mar 16, 2018
—
Balance Realty LLC
Sapphire Energy INC
Quit Claim Deed
related
—
May 2, 2013
—
Sapphire Energy INC
—
Deed Of Trust
related
$240,000,000 · Wellcome Trust (pt)
Nov 10, 2011
—
Sapphire Energy INC
—
Deed Of Trust
related
$81,750,000 · Silicon Valley Bank
—
—
Balance Realty LLC
—
Deed Of Trust
related
$550,000 · Robert Malooly
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.
Try Rey
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