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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Grocery and convenience stores
1535 Coors NW Blvd Albuquerque, NM 87121-1153
Entity Owned
10-yr Hold
Free & Clear
Property ID
US61-0189938
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Total area
4,264 SF
Lot
0.71 ac (31,015 SF)
APN
1-011-059-104-046-3-01-03
UPID
US61-0189938
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
-
Good 2 Go Grocery & Convenience Store
-
Amazon Locker - Ampersand Courier Service Postal Service
-
Coin Cloud Bitcoin ATM Currency Exchange Service Kiosk
-
Little Caesars Pizza Restaurant
-
Chevron Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$525k
Owner & transaction history
Coors New Mexico Property LLC · 10 yrs held
Coors New Mexico Property LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$450,000
+256.9%
Auto repair, garage
$375,000
+198.5%
Office building
$365,000
+187.7%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Change: +257% · Conversion: Easy
AUTO REPAIR, GARAGE
$375,000
Change: +199% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: +188% · Conversion: Moderate
WAREHOUSE, STORAGE
$355,000
Change: +180% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$123 / 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
$10,651
Tax year 2023
Assessed value
$222,011
Assessed 2023
Previous assessed
$204,346
+8.6% YoY
Effective rate
4.80%
On assessed value
Assessed land
$77,528
Assessed improvement
$144,483
Land market value
$232,606
Improvement market value
$433,493
Total market value
$666,099
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2017
Heating
NONE
Units
1
Total area
4,264 SF
Lot
0.71 ac (31,015 SF)
APN
1-011-059-104-046-3-01-03
UPID
US61-0189938
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
COMMERCIAL (GENERAL)
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$375,000
OFFICE BUILDING
Est. value
$365,000
WAREHOUSE, STORAGE
Est. value
$355,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2017
Heating
NONE
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Coors New Mexico Property LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 50620, IDAHO FALLS, ID 83405-0620
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2015
—
Coors New Mexico Property LLC
Tribute LLC
Warranty Deed
—
Jun 8, 2015
—
Tribute LLC
H & H Properties LLC
Warranty Deed
—
Dec 23, 2009
—
H & H Properties LLC
M & M Stores INC
Grant Deed
—
Dec 3, 2009
—
M & M Stores INC
Circle K Stores INC
Grant Deed
—
Nov 1, 1995
—
Conway Real Estate Company
Chevon USA INC
Grant Deed
$712,500 · Norwest Bank New Mexico
—
—
Conway Real Estate Co
—
Deed Of Trust
related
$75,000 · Norwest Bank New Mexico
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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