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Property profile & analytics
OFF-MARKET
Estimated value
$9,015,000
Residential income homes
12200 Academy NE Rd Albuquerque, NM 87111-7245
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US61-0184188
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1996
Total area
115,184 SF
Lot
14.21 ac (618,900 SF)
APN
1-022-062-477-267-4-01-20
UPID
US61-0184188
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
-
LV Respite Care Home Health Care Service
-
PDS Media/ Professional Drone Services- Albuquerque Film Production
-
La Ventana Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.94M
Blend (final)
Blend
$9.02M
Owner & transaction history
La Ventana Spe LLC · 9 yrs held
La Ventana Spe LLC
since 2016
6 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,405,000
Current use
OFFICE BUILDING
$11,065,000
Change: -11% · Conversion: Moderate
RESTAURANT
$10,980,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,825,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$9.02M
Range $8.11M – $9.92M · ±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
$78 / 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
$161,786
Tax year 2023
Assessed value
$3,785,970
Assessed 2023
Previous assessed
$3,675,699
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$1,292,177
Assessed improvement
$2,493,793
Land market value
$3,876,920
Improvement market value
$7,482,126
Total market value
$11,359,046
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1996
Heating
NONE
Units
1
Total area
115,184 SF
Lot
14.21 ac (618,900 SF)
APN
1-022-062-477-267-4-01-20
UPID
US61-0184188
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.4M
OFFICE BUILDING
Est. value
$11.1M
RESTAURANT
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$10.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1996
Heating
NONE
Units
1
Lot
14.21 ac
Current owner
From public records · entity-resolved
La Ventana Spe LLC
Entity
Mailing address
15 WS TEMPLE STE #640, SALT LAKE CITY, UT 84101-1540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Dec 2, 2016
—
La Ventana Spe LLC
Mp La Ventana Apartments LLC
Quit Claim Deed
related
$50,320,000 · Jp Morgan Chase Bk
Apr 30, 2012
—
Mp La Ventana Apartments LLC
Gfpg 12200 Academy Road Abq II
Grant Deed
related
—
May 7, 2009
—
Gfpg 12200 Academy Road Abq II LLC
Gfpg 12200 Academy Road Abq LLC
Special Warranty Deed
$13,250,000 · Holliday Fenoglio Fowler LP
Sep 17, 2004
—
Gfpg 12200 Academy Road Abq Ll
Sfc Properties II INC
Grant Deed
related
—
—
—
La Ventana Spe LLC
—
Deed Of Trust
related
$33,149,000 · Cbre Cap Markets
—
—
La Ventana Spe LLC
—
Deed Of Trust
related
$27,200,000 · Cbre Hmf INC
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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