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Property profile & analytics
OFF-MARKET
Estimated value
$13,310,000
Residential income homes
10400 Universe NW Blvd Albuquerque, NM 87114-2124
Entity Owned
21-yr Hold
Absentee Owner
Property ID
US61-0181773
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2005
Total area
91,368 SF
Lot
13.46 ac (586,100 SF)
APN
1-010-065-039-484-2-02-01
UPID
US61-0181773
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
-
Ventana Ranch Apartment Complex
-
Legend Customs by Veronica Custom T-Shirt Store
-
1st Choice Accounting Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.72M
Comparable Approach
Comparable
$14.90M
Blend (final)
Blend
$13.31M
Owner & transaction history
Ventana Ranch LP
Ventana Ranch LP
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.1M
+12.3%
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 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%
$12,690,000
6.5%
$11,715,000
7%
$10,880,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,840,000
Current use
COMMERCIAL (GENERAL)
$11,050,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$9,300,000
Change: -6% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,505,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$13.31M
Range $11.98M – $14.64M · ±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
$146 / 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
$262,151
Tax year 2023
Assessed value
$6,134,616
Assessed 2023
Previous assessed
$5,955,938
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$1,352,976
Assessed improvement
$4,781,640
Land market value
$4,059,333
Improvement market value
$14,346,355
Total market value
$18,405,688
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2005
Heating
NONE
Units
1
Total area
91,368 SF
Lot
13.46 ac (586,100 SF)
APN
1-010-065-039-484-2-02-01
UPID
US61-0181773
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
$9.8M
COMMERCIAL (GENERAL)
Est. value
$11.1M
OFFICE BUILDING
Est. value
$9.3M
WAREHOUSE, STORAGE
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2005
Heating
NONE
Units
1
Lot
13.46 ac
Current owner
From public records · entity-resolved
Ventana Ranch LP
Entity
Mailing address
3 CENTERPOINTE DR STE #130, LAKE OSWEGO, OR 97035-8657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Ventana Ranch LP
—
Deed Of Trust
related
$13,920,000 · Private Lender
—
—
Ventana Ranch LP
—
Deed Of Trust
related
$14,420 · Walker & Dunlop
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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