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Property profile & analytics
OFF-MARKET
Estimated value
$11,095,000
Outlet malls
1220 Renaissance NE Blvd Albuquerque, NM 87107-7007
Entity Owned
14-yr Hold
Free & Clear
Property ID
US61-0136253
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Total area
103,800 SF
Lot
11.76 ac (512,309 SF)
APN
1-016-061-113-200-3-06-10
UPID
US61-0136253
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
-
Honda Service Auto Repair Shop
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Ducati Albuquerque Motorcycle Shop
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
Scoot Albuquerque Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.63M
Blend (final)
Blend
$11.10M
Owner & transaction history
3105 North Stone Avenue LLC · 14 yrs held
3105 North Stone Avenue LLC
since 2012
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.6M
+34.0%
Commercial (general)
$13.1M
+20.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$10,925,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,635,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,110,000
Change: +20% · Conversion: Easy
RESTAURANT
$10,910,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$8,865,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$11.10M
Range $9.99M – $12.20M · ±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
$107 / 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
$107,976
Tax year 2023
Assessed value
$2,250,625
Assessed 2023
Previous assessed
$2,064,793
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$917,943
Assessed improvement
$1,332,682
Land market value
$2,754,103
Improvement market value
$3,998,447
Total market value
$6,752,550
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Heating
NONE
Total area
103,800 SF
Lot
11.76 ac (512,309 SF)
APN
1-016-061-113-200-3-06-10
UPID
US61-0136253
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
$10.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$13.1M
RESTAURANT
Est. value
$10.9M
OFFICE BUILDING
Est. value
$8.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
1994
Heating
NONE
Lot
11.76 ac
Current owner
From public records · entity-resolved
3105 North Stone Avenue LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
—
Renaissance Imported Motors Ll
—
Deed
related
$1,000,000 · Keybank USA
Mar 26, 2020
—
Renaissance Imported Motors Ll
—
Deed
related
$1,000,000 · Keybank USA
Nov 28, 2018
—
Renaissance Imported Motors Ll
—
Deed
related
$914,939 · Keybank USA
May 3, 2018
—
Renaissance Imported Motors Ll
—
Deed
related
$2,000,000 · Keybank USA
Jun 22, 2012
—
3105 North Stone Avenue LLC
Ac-albuquerque Nm-1 LP
Grant Deed
—
Aug 17, 2011
—
Ac-albuquerque Nm-1 LP
Home Depot USA INC
Grant Deed
$1,422,450 · Kirkpatrick Bank
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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