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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Investment properties
106 Wellesley SE Dr Albuquerque, NM 87106-1444
Entity Owned
7-yr Hold
Property ID
US61-0351296
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Total area
3,725 SF
Lot
0.16 ac (7,100 SF)
APN
1-016-057-413-256-4-33-10
UPID
US61-0351296
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
-
Poindexter Law LLC Law Firm
-
Weems Hazen Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$745k
Owner & transaction history
Bear Monkey LLC · 7 yrs held
Bear Monkey LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$755,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$200 / 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
$6,546
Tax year 2023
Assessed value
$152,366
Assessed 2023
Previous assessed
$78,581
+93.9% YoY
Effective rate
4.30%
On assessed value
Assessed land
$17,574
Assessed improvement
$134,792
Land market value
$52,726
Improvement market value
$404,417
Total market value
$457,143
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1948
Heating
NONE
Stories
1
Rooms
6
Bathrooms
2
Total area
3,725 SF
Lot
0.16 ac (7,100 SF)
APN
1-016-057-413-256-4-33-10
UPID
US61-0351296
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
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Rooms
6
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bear Monkey LLC
Entity
Mailing address
108 WELLESLEY DR SE, ALBUQUERQUE, NM 87106-1444
Ownership since
2018
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
Sep 14, 2018
—
Bear Monkey LLC
Knobs Properties LLC
Warranty Deed
$1,080,000 · Main Bank
Mar 29, 2007
—
Knobs Properties LLC
Rosen,carol
Warranty Deed
—
Nov 21, 2006
—
Slaughter James T & Juvene L Tr
Rosen Family Trust
Quit Claim Deed
related
—
Jul 11, 2005
—
Rosen Trust
Rosen,carol R
Quit Claim Deed
—
May 31, 2005
—
Carol R Rosen
D Scott Heineman
Warranty Deed
$198,305 · Equifirst Corp
Dec 13, 2004
—
Rosen Trust
Rosen,carol R
Quit Claim Deed
related
—
—
—
Carol R Rosen
—
Deed Of Trust
related
$86,250 · Pride Mortgage Corp
—
—
108 Wellesley LLC
—
Deed Of Trust
related
$200,000 · Main 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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