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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
108 Wellesley SE Dr 1 Albuquerque, NM 87106-1444
Entity Owned
14-yr Hold
Property ID
US61-0181795
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1935
Total area
2,982 SF
Lot
0.16 ac (7,100 SF)
APN
1-016-057-413-253-4-33-11
UPID
US61-0181795
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
-
Kirby Law Offices, LLC Law Firm
-
Albuquerque Involved Charitable Organization Social Service Agency
-
Oryx Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$575k
Owner & transaction history
108 Wellesley LLC · 14 yrs held
108 Wellesley LLC
since 2012
4 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%
$605,000
6.5%
$555,000
7%
$520,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$193 / 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
$5,098
Tax year 2023
Assessed value
$106,256
Assessed 2023
Previous assessed
$55,928
+90.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$16,565
Assessed improvement
$89,691
Land market value
$49,700
Improvement market value
$269,100
Total market value
$318,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1935
Heating
NONE
Units
1
Total area
2,982 SF
Lot
0.16 ac (7,100 SF)
APN
1-016-057-413-253-4-33-11
UPID
US61-0181795
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
1935
Heating
NONE
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
108 Wellesley LLC
Entity
Mailing address
118 WELLESLEY DR SE, ALBUQUERQUE, NM 87106-1444
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2012
—
108 Wellesley LLC
Kenneth Lee Peifer
Warranty Deed
$286,000 · Main Bank
Mar 7, 2012
—
Kenneth L Peifer
Peifer-rose Family Trust
Quit Claim Deed
related
—
—
—
108 Wellesley LLC
—
Loan Modification
related
$411,000 · Main Bk
—
—
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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