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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
141 Airport NW Dr Albuquerque, NM 87121-2013
Individually Owned
8-yr Hold
Free & Clear
Property ID
US61-0165618
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
7,000 SF
Lot
2.92 ac (127,021 SF)
APN
1-010-057-390-331-1-01-10
UPID
US61-0165618
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
-
Waguia Connections | High Speed Internet Installation Telecommunications Service
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$921k
Blend (final)
Blend
$900k
Owner & transaction history
Storage Portfolio II Subsidiar · 8 yrs held
Storage Portfolio II Subsidiar
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$755,000
+30.2%
Commercial (general)
$740,000
+27.5%
Restaurant
$730,000
+26.2%
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%
$945,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$755,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +27% · Conversion: Difficult
RESTAURANT
$730,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$595,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$129 / 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
$27,634
Tax year 2023
Assessed value
$575,995
Assessed 2023
Previous assessed
$538,313
+7.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$113,266
Assessed improvement
$462,729
Land market value
$339,832
Improvement market value
$1,388,325
Total market value
$1,728,157
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Units
36
Total area
7,000 SF
Lot
2.92 ac (127,021 SF)
APN
1-010-057-390-331-1-01-10
UPID
US61-0165618
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
WAREHOUSE, STORAGE Current
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RESTAURANT
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$620,000
OFFICE BUILDING
Est. value
$595,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1992
Heating
NONE
Units
36
Lot
2.92 ac
Current owner
From public records · entity-resolved
Storage Portfolio II Subsidiar
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2017
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
Dec 4, 2017
—
Storage Portfolio II Subsidiar
Extra Space Properties Two LLC
Grant Deed
related
—
Jul 6, 2015
—
Extra Space Properties Two LLC
Extra Space Props Twenty Eight
Quit Claim Deed
related
—
Dec 19, 2013
—
Extra Space Properties Twenty Eight
Storage Portfolio Bravo II LLC
Deed
$102,000,000 · Wells Fargo Bank NA
Aug 14, 2009
—
Storage Portfolio Bravo II LLC
—
Deed Of Trust
related
$121,000,000 · Prudential Insurance Co
Jul 1, 2004
—
Storage Portfolio Bravo II LLC
Susa Partnership LP
Grant Deed
$1,348,000 · Prudential Insurance Co
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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