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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Warehouses
Las Cruces, NM 88011
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0724355
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Total area
23,200 SF
Lot
10.97 ac (477,853 SF)
Zoning code
EQUESTRN-EST
APN
4-009-132-388-104
UPID
US61-0724355
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.61M
Owner & transaction history
Alameda Land Investment Corp · 14 yrs held
Alameda Land Investment Corp
since 2012
1 recorded transaction
Zoning & alternative use
EQUESTRN-EST · Las Cruces, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+109.9%
Office building
$2.4M
+109.8%
Industrial (general)
$2.0M
+73.3%
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
$975,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,165,000
Current use
RESTAURANT
$2,450,000
Change: +110% · Conversion: Difficult
OFFICE BUILDING
$2,445,000
Change: +110% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,020,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,985,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,750,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,110,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$69 / 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
$55,401
Tax year 2023
Assessed value
$1,624,554
Assessed 2023
Previous assessed
$1,932,934
-16.0% YoY
Effective rate
3.41%
On assessed value
Assessed land
$49,365
Assessed improvement
$1,575,189
Land market value
$148,095
Improvement market value
$4,725,567
Total market value
$4,873,662
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
6
Total area
23,200 SF
Lot
10.97 ac (477,853 SF)
Zoning code
EQUESTRN-EST
APN
4-009-132-388-104
UPID
US61-0724355
Jurisdiction
DONA ANA
Zoning & alternative use
EQUESTRN-EST · Las Cruces, NM
Zoning EQUESTRN-EST · permitted uses
EQUESTRN-EST · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2020
Heating
NONE
Buildings
6
Lot
10.97 ac
Current owner
From public records · entity-resolved
Alameda Land Investment Corp
Entity
Mailing address
20095 UVAS VLY RD NE, DEMING, NM 88030-1644
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2012
—
Alameda Land Investment Corp
—
Deed Of Trust
related
$3,200,000 · Citizens Bank Las Cruces
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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