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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
1400 Central SE Ave Albuquerque, NM 87106-4811
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0176024
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Total area
57,702 SF
Lot
0.49 ac (21,170 SF)
APN
1-015-057-256-315-2-13-11
UPID
US61-0176024
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
-
Medview Med Legal & Case Management Physician
-
Corbin Hildebrandt Law Office Law Firm
-
Arbuckle Barbara Law Firm
-
Mcneill Law Firm Law Firm
-
Gabel Birgitta PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
F&a Development LLC · 1 yrs held
F&a Development LLC
since 2024
5 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
$22 / 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
$24,001
Tax year 2023
Assessed value
$500,267
Assessed 2023
Previous assessed
$454,788
+10.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$42,676
Assessed improvement
$457,591
Land market value
$128,040
Improvement market value
$1,372,910
Total market value
$1,500,950
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Units
1
Total area
57,702 SF
Lot
0.49 ac (21,170 SF)
APN
1-015-057-256-315-2-13-11
UPID
US61-0176024
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
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
F&a Development LLC
Entity
Mailing address
6544 GLN OAK BLVD NE, ALBUQUERQUE, NM 87111-6507
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
F&a Development LLC
—
Deed
related
$800,000 · Citizens Bank Of Las Cruces
Oct 4, 2024
—
F&a Development LLC
52 Lomas LLC
Special Warranty Deed
$850,000 · 522 Lomas LLC
May 12, 2022
—
522 Lomas LLC
Syc LLC
Warranty Deed
$1,952,000 · Century Bank
Apr 28, 2016
—
Syc LLC
Sandoval LP
Grant Deed
$1,400,000 · Bank Of Albuquerque
—
—
Sandoval LP
—
Deed Of Trust
related
$900,000 · Wells Fargo Bank West NA
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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