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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
10701 Montgomery NE Blvd Albuquerque, NM 87111-3816
Entity Owned
1-yr Hold
Free & Clear
Property ID
US61-0151658
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
17,267 SF
Lot
1.65 ac (71,787 SF)
APN
1-021-061-445-020-4-01-24
UPID
US61-0151658
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
-
Quick Robert H OD Physician
-
New Mexico Eyecare Physician
-
New Mexico School of Music Vocational School Training Center
-
Haverland Carter LifeStyle Group Corporate Office
-
Highpointe Solutions Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$595k
Owner & transaction history
Midway Partners LLC · 1 yrs held
Midway Partners LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$920,000
+8.9%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$845,000
Current use
MEDICAL BUILDING
$920,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$34 / 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
$16,422
Tax year 2023
Assessed value
$342,299
Assessed 2023
Previous assessed
$314,036
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$126,791
Assessed improvement
$215,508
Land market value
$380,410
Improvement market value
$646,588
Total market value
$1,026,998
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Heating
NONE
Total area
17,267 SF
Lot
1.65 ac (71,787 SF)
APN
1-021-061-445-020-4-01-24
UPID
US61-0151658
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
$845,000
MEDICAL BUILDING
Est. value
$920,000
RETAIL STORES Current
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
1988
Heating
NONE
Lot
1.65 ac
Current owner
From public records · entity-resolved
Midway Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10701 MONTGOMERY BLVD NE STE F, ALBUQUERQUE, NM 87111-3800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 13, 2026
—
Midway Partners LLC
—
Deed
related
$225,000 · Capra Bank
Apr 22, 2025
—
Midway Partners LLC
Haverland Carter Lifestyle Group Pr
Special Warranty Deed
—
Dec 19, 2013
—
Carter Lifestyle Gro Haverland
La Vida Vista Property LLC
Warranty Deed
—
Dec 30, 2011
—
La Vida Vista Property LLC
Hs Rental Properties INC
Warranty Deed
$2,104,249 · Wells Fargo Bk NA #2006-3 (ce)
Mar 31, 2011
—
Hs Rental Properties INC
—
Trustees Deed
related
$20,217 · Pulakoscpas' PC
Dec 30, 2004
—
Hs Rental Properties INC
Sandia Enterprise INC
Grant Deed
related
—
—
—
Hs Rental Properties INC
—
Deed Of Trust
related
$2,250,000 · Countrywide Com'l R E Fin
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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