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Property profile & analytics
OFF-MARKET
Flex space
116 Industrial NE Ave Albuquerque, NM 87107-2229
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0328885
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
5,654 SF
Lot
1.14 ac (49,658 SF)
APN
1-015-060-114-245-3-14-15
UPID
US61-0328885
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
-
ABQ Dent Masters Auto Repair Shop
-
NewMexicoCarGuys Car Wash
-
Cross Country Mortgage - The John Snyder Team Loan Service Bank
-
All Over Moving Albuquerque Moving Company
-
Art Visual Designs LLC. Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
File Industrial 116 LLC · 7 yrs held
File Industrial 116 LLC
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,551
Tax year 2023
Assessed value
$149,606
Assessed 2023
Previous assessed
$139,820
+7.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$94,400
Assessed improvement
$55,206
Land market value
$283,229
Improvement market value
$165,636
Total market value
$448,865
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1965
Heating
NONE
Units
1
Total area
5,654 SF
Lot
1.14 ac (49,658 SF)
APN
1-015-060-114-245-3-14-15
UPID
US61-0328885
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
1965
Heating
NONE
Units
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
File Industrial 116 LLC
Entity
Mailing address
109 INDUSTRIAL AVE NE, ALBUQUERQUE, NM 87107-2228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 3, 2023
—
File Construction LLC
—
Deed
related
$500,000 · Citizens Bank Of Las Cruces
Feb 11, 2019
—
File Industrial 116 LLC
Les File Drywall INC
Quit Claim Deed
$1,000,000 · Bank Of Albuquerque
Aug 1, 2017
—
Les File Drywall INC
—
Trustees Deed
related
$1,000,000 · Bank Of Albuquerque
—
—
Les File Drywall INC
—
Deed Of Trust
related
$4,080,000 · J D & Susan File
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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