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Property profile & analytics
OFF-MARKET
Estimated value
$12,900,000
High-rise multifamily apartments
101 Broadway NE Blvd Albuquerque, NM 87102-6400
Individually Owned
5-yr Hold
Free & Clear
Property ID
US61-0249058
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1886
Total area
96,196 SF
Lot
3.14 ac (136,909 SF)
APN
1-014-057-362-442-1-19-11
UPID
US61-0249058
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
-
Nusenda Credit Union Video Teller Credit Union
-
Innovate ABQ Training Center Tutoring Service
-
Thin King Press (Bike/Boat/Book/etc) Store Printing Service
-
FUSE Makerspace Training Center Vocational School
-
Global Kinetics, LLC International Trade Consultant Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.50M
Comparable Approach
Comparable
$13.30M
Blend (final)
Blend
$12.90M
Owner & transaction history
Regents Of The Unvi & New Mexico · 5 yrs held
Regents Of The Unvi & New Mexico
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.8M
+69.9%
Restaurant
$12.0M
+29.0%
Office building
$12.0M
+28.5%
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 Albuquerque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albuquerque 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%
$13,540,000
6.5%
$12,500,000
7%
$11,610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,295,000
Current use
COMMERCIAL (GENERAL)
$15,795,000
Change: +70% · Conversion: Moderate
RESTAURANT
$11,995,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$11,950,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,505,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$9,800,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$12.90M
Range $11.61M – $14.19M · ±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
$134 / 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
Assessed value
$5,272,592
Assessed 2023
Previous assessed
$5,119,022
+3.0% YoY
Assessed land
$293,246
Assessed improvement
$4,979,346
Land market value
$879,826
Improvement market value
$14,939,532
Total market value
$15,819,358
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1886
Heating
NONE
Total area
96,196 SF
Lot
3.14 ac (136,909 SF)
APN
1-014-057-362-442-1-19-11
UPID
US61-0249058
Jurisdiction
BERNALILLO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$15.8M
RESTAURANT
Est. value
$12.0M
OFFICE BUILDING
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$10.5M
RETAIL STORES
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1886
Heating
NONE
Lot
3.14 ac
Current owner
From public records · entity-resolved
Regents Of The Unvi & New Mexico
Individual
Free & Clear · 5 yrs held
Mailing address
635951ST UNIVERSITY OF NEW MEXICO, ALBUQUERQUE, NM 87131-0001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Regents Of The Unvi & New Mexico
Innovate Abq INC
Warranty Deed
related
—
Nov 23, 2015
—
Innovate Abq INC
Stc Unm
Warranty Deed
related
—
Jul 11, 2014
—
Stc Unm
First Baptist Ch Of Albuquerque
Warranty Deed
$1,498,048 · Us Dept/commerce Economic Dev
Sep 24, 2009
—
First Baptist Ch Of Albuquerque N
—
Deed Of Trust
related
$6,250,000 · Church Fin Corp
May 3, 2007
—
First Baptist Ch Of Albuquerque
—
Trustees Deed
related
$2,000,000 · Church Fin Corp
—
—
First Baptist Ch Of Albuquerque
—
Deed Of Trust
related
$1,000,000 · Church Fin Corp
—
—
Signet Iabq LLC
—
Loan Modification
related
$33,798,364 · * Other Institutional Lenders
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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