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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Outlet malls
10420 Coors NW Byp Albuquerque, NM 87114-1368
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US61-0302753
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
33,915 SF
Lot
2.98 ac (129,896 SF)
APN
1-013-066-520-134-4-05-10
UPID
US61-0302753
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
-
HomeGoods Home Decor Store Department Store
-
Tuesday Morning (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Fitshop of New Mexico Weight Loss Service Health Consultant
-
Nambé in Cottonwood Corners Home Decor Store Department Store
-
Nutrishop Cottonwood (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.18M
Owner & transaction history
Ulta Salon Cosmetics & Fragrance In · 2 yrs held
Ulta Salon Cosmetics & Fragrance In
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+32.5%
Medical building
$1.8M
+22.6%
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
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,470,000
Current use
AUTO REPAIR, GARAGE
$1,950,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$1,805,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$35 / 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
$48,445
Tax year 2023
Assessed value
$1,009,784
Assessed 2023
Previous assessed
$928,007
+8.8% YoY
Effective rate
4.80%
On assessed value
Assessed land
$407,002
Assessed improvement
$602,782
Land market value
$1,221,127
Improvement market value
$1,808,528
Total market value
$3,029,655
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Heating
NONE
Total area
33,915 SF
Lot
2.98 ac (129,896 SF)
APN
1-013-066-520-134-4-05-10
UPID
US61-0302753
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
RETAIL STORES Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2004
Heating
NONE
Lot
2.98 ac
Current owner
From public records · entity-resolved
Ulta Salon Cosmetics & Fragrance In
Individual
Mailing address
1000 REMINGTON BLVD STE #120, BOLINGBROOK, IL 60440-4708
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
Ulta Salon Cosmetics & Fragrance In
New Fri LLC
Lease
—
Nov 13, 2018
—
New Fri LLC
—
Grant Deed
related
$9,325,000 · Barclays Bk Plc
Oct 15, 2018
—
New Fri LLC
Friedman C & D F/tr
Warranty Deed
—
Nov 16, 2017
—
Friedman Family Trust
Baymer Cottonwood LLC
Grant Deed
related
—
Jan 23, 2015
—
Baymar Cottonwood LLC
Jefferson-pilot Invs INC
Grant Deed
$3,595,000 · Copperpoint Mutual Ins Co
May 13, 2014
$4,500,000
Jefferson-pilot Invs INC
Special Master Of Bernalillo Cnty
Trustees Deed
—
Sep 24, 2009
—
Cottonwood Phase V LLC
Cottonwood Cnrs Phase III LLC
Quit Claim Deed
related
—
—
—
Friedman,carol & David Family Trust
—
Deed Of Trust
related
$1,706,316 · East West Bk
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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