Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,865,000
Office buildings
1465 Rio Rancho SE Blvd Rio Rancho, NM 87124-1568
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-1374159
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Total area
19,843 SF
Lot
5.15 ac (224,334 SF)
APN
1-013-068-382-036
UPID
US61-1374159
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.33M
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$3.87M
Owner & transaction history
528 Dev Lc · 6 yrs held
528 Dev Lc
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+24.8%
Commercial (general)
$2.7M
+17.3%
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 Rio Rancho submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Rancho 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%
$4,685,000
6.5%
$4,325,000
7%
$4,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,330,000
Current use
RESTAURANT
$2,910,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,735,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$3.87M
Range $3.48M – $4.25M · ±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
$195 / 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
$121,384
Tax year 2023
Assessed value
$2,915,079
Assessed 2024
Previous assessed
$970,532
+200.4% YoY
Effective rate
4.16%
On assessed value
Assessed land
$982,376
Assessed improvement
$1,932,703
Land market value
$2,947,128
Improvement market value
$5,798,109
Total market value
$8,745,237
Applied tax rate
510.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1967
Heating
NONE
Buildings
6
Stories
1
Total area
19,843 SF
Lot
5.15 ac (224,334 SF)
APN
1-013-068-382-036
UPID
US61-1374159
Jurisdiction
SANDOVAL
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
OFFICE BUILDING Current
Est. value
$2.3M
RESTAURANT
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1967
Heating
NONE
Stories
1
Buildings
6
Lot
5.15 ac
Current owner
From public records · entity-resolved
528 Dev Lc
Individual
Mailing address
3520 CALLE CUERVO NW, ALBUQUERQUE, NM 87114-9220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
528 Dev Lc
Rio Rancho Lodge Partners LLC
Warranty Deed
related
—
Sep 4, 2019
—
Rio Rancho Lodge Partners LLC
—
Deed
related
$1,210,000 · Hanmi Bank
May 20, 2016
—
William Ryan LLC
—
Deed
related
$500,000 · Jae S Yoon
Jul 30, 2012
—
Be Holdings LLC
Olson,veronica
Grant Deed
related
$435,000 · First American Bank
Oct 1, 2007
—
William Ryan LLC
3 Investors Dynamic LLC
Grant Deed
$2,560,355 · Pacific International Bank
—
—
William Ryan LLC
—
Deed Of Trust
related
$155,000 · Roger Gatts
—
—
William Ryan LLC
—
Deed Of Trust
related
$800,000 · Young S Lee
—
—
William Ryan LLC
—
Deed Of Trust
related
$500,000 · Jae S Yoon
—
—
William Ryan LLC
—
Deed Of Trust
related
$100,000 · Alix J Hwang
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1465 Rio Rancho SE Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
