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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Industrial properties
955 Vly Dr, Las Cruces, NM 88005-3076
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0250263
Property summary
AI-generated overview
This exceptional C-Class industrial property, located at 955 S Valley Dr, offers 7,143 square feet of warehouse space, with 2,300 square feet currently available for lease. The building features a single-tenant occupancy and is zoned C-2. The space includes approximately 1,150 square feet of office space and 1,150 square feet of warehouse space. Convenient access is provided by four drive-in bays, enhancing loading and unloading efficiency. The warehouse also boasts three lifts for ease of material handling. The office area is well-appointed with two private offices and a waiting room, providing a professional and functional workspace. This property is ideally situated behind Corner Auto Sales, offering excellent visibility and convenient access. The property's layout and features make it suitable for a variety of industrial and storage needs. This is a single-tenant space, offering privacy and control. The ample square footage and convenient features make this an attractive opportunity for businesses seeking efficient and functional warehouse space. Serious inquiries are encouraged to explore this prime location and its potential.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1967
Total area
7,143 SF
Lot
1.34 ac (58,307 SF)
Zoning code
GEN-COMMERCL
APN
4-006-136-475-153
UPID
US61-0250263
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
-
Faith Mobile car washing & Detailing Car Wash
-
Cornerstone Auto Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$695k
Owner & transaction history
Pitre Holdings LLC · 8 yrs held
Pitre Holdings LLC
since 2017
4 recorded transactions
Zoning & alternative use
GEN-COMMERCL · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+81.4%
Commercial (general)
$800,000
+72.3%
Office building
$770,000
+66.1%
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%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$465,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +81% · Conversion: Easy
COMMERCIAL (GENERAL)
$800,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +66% · Conversion: Difficult
RESTAURANT
$735,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$610,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$97 / 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
$10,974
Tax year 2023
Assessed value
$321,793
Assessed 2023
Previous assessed
$150,000
+114.5% YoY
Effective rate
3.41%
On assessed value
Assessed land
$63,166
Assessed improvement
$258,627
Land market value
$189,498
Improvement market value
$775,882
Total market value
$965,380
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1967
Heating
NONE
Total area
7,143 SF
Lot
1.34 ac (58,307 SF)
Zoning code
GEN-COMMERCL
APN
4-006-136-475-153
UPID
US61-0250263
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
$465,000
AUTO REPAIR, GARAGE
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$800,000
OFFICE BUILDING
Est. value
$770,000
RESTAURANT
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$610,000
RETAIL STORES
Est. value
$580,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1967
Heating
NONE
Lot
1.34 ac
Current owner
From public records · entity-resolved
Pitre Holdings LLC
Entity
Mailing address
19234 STONEHUE, SAN ANTONIO, TX 78258-3477
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Nov 30, 2017
—
Pitre Holdings LLC
Shamaley Family Partners L P
Special Warranty Deed
$724,000 · Compass Bank
Sep 21, 2016
—
Shamaley Family Partners LP
Southwest Props Of Las Cruces Nor
Warranty Deed
$790,500 · Weststar Bk
Feb 11, 2016
—
Southwest Properties Of Las Cruces
Kevin Jack Key
Special Warranty Deed
$13,100,000 · First American Bank
Nov 1, 2011
—
Kevin J Key
Sandoval Rudolph
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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