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Property profile & analytics
OFF-MARKET
Commercial real estate
121 2nd St Portales, NM 88130-6201
Individually Owned
Free & Clear
Property ID
US61-1129754
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
4,278 SF
Lot
0.01 ac (636 SF)
APN
100000000456500
UPID
US61-1129754
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
-
Graham Title Co. Escrow Service Notary Public
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
Martin W Blankenship
Martin W Blankenship
since 2026
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 Portales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portales 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
$1,352
Tax year 2023
Assessed value
$48,957
Assessed 2023
Previous assessed
$48,957
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$3,818
Assessed improvement
$45,139
Land market value
$11,453
Improvement market value
$135,416
Total market value
$146,869
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Total area
4,278 SF
Lot
0.01 ac (636 SF)
APN
100000000456500
UPID
US61-1129754
Jurisdiction
ROOSEVELT
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
Lot
0.01 ac
Current owner
From public records · entity-resolved
Martin W Blankenship
Individual
Free & Clear · 0 yrs held
Mailing address
621 S AVE D D, PORTALES, NM 88130-6347
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Martin W Blankenship
David H Connell JR
Deed
—
Dec 13, 2024
—
Joe Ortega
Scott Peterson
Deed
—
May 1, 2024
—
Ivonne Flores
Erlece P Allen
Land Contract
—
Oct 2, 2023
—
Robert A Edwards
Natividad Rangel
Land Contract
—
Feb 24, 2023
—
Noemi Acosta Garcia
Mike Hernandez
Land Contract
—
Feb 9, 2023
—
Sam Robin
Thomas R Robin
Land Contract
—
Dec 28, 2022
—
Herman Neufeld Froese
Kaare Haddeland
Land Contract
—
Nov 30, 2022
—
Alex Sotelo
David Hunton
Deed
—
Nov 22, 2022
—
Chavez Torres Reyes
Lupe M Marquez
Contract Sale
—
Nov 18, 2022
—
Carter Chesney
David Hunton
Contract Sale
—
Sep 14, 2022
—
Juan Mario Navarrette Sauceda
Samuel Robin
Deed
—
Sep 13, 2022
—
Rickey L Grubbs
Sam Rigsby
Land Contract
—
Sep 2, 2022
—
Bethany A Vargas
Sam Rigsby
Land Contract
—
Sep 1, 2022
—
Thomas W Chrisman
Kevin G Beimer
Land Contract
—
Aug 18, 2022
—
Jose Ricardo Santos Rivas
Manuel G Montes
Deed
—
Aug 2, 2022
—
Eduardo Najera Patino
Jt Rentals LLC
Contract Sale
—
Aug 1, 2022
—
Robles Jenaro Acevedo
Kaare Haddeland
Contract Sale
—
Jul 15, 2022
—
Hector Manuel Hernandez
Margie Villalobos
Contract Sale
—
Jul 1, 2022
—
Colby Lee
Future Venture Properties LLC
Land Contract
—
May 4, 2022
—
Bobbie Bruhn
Julie L Maxey
Contract Sale
—
Apr 8, 2022
—
Erick Gustavo Terrones
Omar Legarda
Correction Deed
related
—
Apr 6, 2022
—
Juan Fortanel
Pettigrew Land LLC
Deed
—
Aug 31, 2021
—
Monica Williams
Mickey Dawson
Land Contract
—
Aug 10, 2021
—
Jamie Tostado
Mark Foster
Land Contract
—
Aug 6, 2021
—
Arnoldo E Rivera
Roadrunner Depot LLC
Land Contract
—
May 18, 2021
—
Pablo Estuardo Sindro Contreras
Juan Baca
Land Contract
—
Jul 22, 2009
—
Trevor Fraze
Michelle Fraze
Intrafamily Transfer
related
$82,500 · Taylor Bean & Whitaker Mortgage Cor
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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