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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
High-rise multifamily apartments
1325 Park SW Ave Albuquerque, NM 87102-2868
Trust Owned
~
Est. High Equity
Property ID
US61-0162537
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1986
Total area
72,792 SF
Lot
0.95 ac (41,251 SF)
APN
1-013-057-355-488-1-44-25
UPID
US61-0162537
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
-
Life In Motion (Bike/Boat/Book/etc) Store Pharmacy
-
Park Place Condominiums Condominium Complex
-
Sky Investments LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Reu Revocable Trust
Reu Revocable Trust
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 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
$29 / 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
$40,354
Tax year 2023
Assessed value
$826,892
Assessed 2023
Previous assessed
$802,808
+3.0% YoY
Effective rate
4.88%
On assessed value
Assessed land
$103,361
Assessed improvement
$723,531
Land market value
$310,115
Improvement market value
$2,170,810
Total market value
$2,480,925
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1986
Heating
NONE
Units
38
Total area
72,792 SF
Lot
0.95 ac (41,251 SF)
APN
1-013-057-355-488-1-44-25
UPID
US61-0162537
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
1986
Heating
NONE
Units
38
Lot
0.95 ac
Current owner
From public records · entity-resolved
Reu Revocable Trust
Trust
Mailing address
1325 PARK AVE SW #11, ALBUQUERQUE, NM 87102-2868
Mailing matches property
Yes
Owner-occupied
Yes
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
41 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
—
Reu Revocable Trust
Reu Laverne
Quitclaim Deed
—
Feb 19, 2025
—
Karen F Scholte
Else Mans
Deed
—
Jul 31, 2024
—
Jose Alexandro Gomes De Sousa
—
Deed
related
$303,875 · Guild Mortgage Co
May 13, 2024
—
Sara Mendoza
Park Place Development LLC
Special Warranty Deed
$115,000 · Primary Residential Mortgage INC
Mar 8, 2024
—
Ann C Skinner Jones
—
Deed
related
$15,000 · Navy FCU
Mar 4, 2024
—
Jane E Maharaj
Linda Stover
Deed
$257,500 · Sierra Pacific Mortgage Co INC
Aug 31, 2023
—
Michael R Trice
Park Place Development LLC
Warranty Deed
$296,550 · Ntfn INC
Jul 31, 2023
—
John Klein Robbenhaar
Park Place Development LLC
Warranty Deed
$230,500 · Western Mortgage Corp
Jun 30, 2023
—
Cara M Schroeder
Park Place Development LLC
Warranty Deed
$263,500 · Guaranteed Rate INC
May 31, 2023
—
Cynthia K Braun
Joseph D Merlino
Warranty Deed
$193,000 · Waterstone Mortgage Corp
Dec 30, 2022
—
Michael Lee Staples
Richard David Gonzalez
Transfer On Death Deed
—
Oct 24, 2022
—
Ann C Skinner Jones
Park Place Development LLC
Warranty Deed
$109,500 · Ntfn INC
Oct 21, 2022
—
Louis A Gonzales
—
Deed
related
$239,500 · Guaranteed Rate INC
Sep 2, 2022
—
Elizabeth C Ramey
Park Place Development LLC
Special Warranty Deed
$247,125 · Ntfn INC
Jul 1, 2022
—
Dwight D Howard
—
Deed
related
$158,247 · Kind Lending LLC
Dec 28, 2021
—
Blair Dent
Park Place Development LLC
Special Warranty Deed
$280,250 · Guaranteed Rate INC
Nov 19, 2021
—
Joseph D Merlino
Park Place Development LLC
Special Warranty Deed
$277,875 · Guaranteed Rate INC
Sep 15, 2021
—
Michael Thomason
Park Place Development LLC
Special Warranty Deed
$200,000 · Trugrocer FCU
May 28, 2021
—
Michael Wayne Ramey
Park Place Development LLC
Special Warranty Deed
$237,958 · First Bank & Trust
Apr 1, 2021
—
Krishanand H Maharaj
Park Place Development LLC
Special Warranty Deed
$200,000 · First Bank & Trust
Mar 8, 2021
—
James A Roeder
Park Place Development LLC
Special Warranty Deed
$160,000 · First Bank & Trust
Jan 28, 2021
—
John J Leslie
John J Leslie
Quit Claim Deed
related
—
Sep 29, 2020
—
George L Veto
Park Place Dev LLC
Grant Deed
—
Jul 29, 2020
—
Kilpatrick,nancy J Trust
Nancy J Kilpatrick
Quit Claim Deed
related
—
May 15, 2020
—
Terry A Debardelaben
Park Place Dev LLC
Grant Deed
—
Jan 28, 2020
—
Ann E Wilkinson
Park Place Dev LLC
Grant Deed
—
Jan 22, 2020
—
Dana Vantilborg
Park Place Dev LLC
Grant Deed
related
—
Dec 27, 2019
—
Sadow,cynthia N Trust
Park Place Dev LLC
Quit Claim Deed
related
—
Aug 26, 2019
—
Phillip Palmer
Park Place Development LLC
Warranty Deed
$202,462 · Primewest Mortgage Corp
Jun 6, 2019
—
Charles Louis Chavez
Park Place Development LLC
Warranty Deed
$188,965 · Primewest Mortgage Corp
May 24, 2019
—
Mauro Perego
Park Place Development LLC
Warranty Deed
$129,950 · Primewest Mortgage Corp
May 8, 2019
—
Laverne F Reu
Park Place Dev LLC
Warranty Deed
related
—
Nov 14, 2018
—
Beverly Chapman
Park Place Dev LLC
Warranty Deed
—
Sep 7, 2018
—
Jody M Harris
Park Place Development LLC
Warranty Deed
$172,750 · New Mexico Bank & Trust
May 17, 2018
—
Park Place Dev LLC
—
Deed
related
$149,900 · Kris L Curtis
Feb 2, 2018
—
Park Place Development LLC
Park Place Apartments LLC
Special Warranty Deed
$6,022,888 · Park Place Apartments LLC
—
—
Park Place Dev LLC
—
Deed Of Trust
related
$149,900 · Kris L Curtis
—
—
Park Place Dev LLC
—
Deed Of Trust
related
$150,000 · Kimberly K Leslie
—
—
Park Place Dev LLC
—
Deed Of Trust
related
$150,000 · Paige L Baird
—
—
Park Place Dev LLC
—
Deed Of Trust
related
$200,000 · John J Leslie
—
—
Park Place Apartments LLC
—
Deed Of Trust
related
$600,000 · New Mexico Bank & Trust
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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