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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Residential income homes
13500 Skyline NE Rd Albuquerque, NM 87123-2186
Entity Owned
22-yr Hold
Free & Clear
Property ID
US61-0145039
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1983
Total area
7,776 SF
Lot
1.51 ac (65,950 SF)
APN
1-023-056-015-519-2-09-01
UPID
US61-0145039
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
-
M.O.E. Logistic LLc Trucking Company
-
Coyote Point Apartments Apartment Building Apartment Rental Agency
-
Skyline Towers LLC Apartment Building
-
Anasazi Restaurant
-
Sandia Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$1.03M
Owner & transaction history
Skyline Park Investments LLC · 22 yrs held
Skyline Park Investments LLC
since 2004
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+28.0%
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%
$1,185,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$840,000
Current use
COMMERCIAL (GENERAL)
$1,070,000
Change: +28% · Conversion: Moderate
RESTAURANT
$815,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: -15% · Conversion: Moderate
RETAIL STORES
$690,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$132 / 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
$15,569
Tax year 2023
Assessed value
$364,334
Assessed 2023
Previous assessed
$353,723
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$185,203
Assessed improvement
$179,131
Land market value
$555,664
Improvement market value
$537,448
Total market value
$1,093,112
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
1983
Heating
NONE
Units
4
Total area
7,776 SF
Lot
1.51 ac (65,950 SF)
APN
1-023-056-015-519-2-09-01
UPID
US61-0145039
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
$840,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1983
Heating
NONE
Units
4
Lot
1.51 ac
Current owner
From public records · entity-resolved
Skyline Park Investments LLC
Entity
Free & Clear · 22 yrs held
Mailing address
11001 DEL REY AVE NE, ALBUQUERQUE, NM 87122-3543
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2004
—
Skyline Park Investments LLC
Cronin,robert J & Cynthia C
Grant Deed
related
—
Jan 15, 2004
—
Robert J Cronin
Skyline Investors
Grant Deed
$699,598 · Los Alamos National 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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