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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Investment properties
1550 Brg SW Blvd Albuquerque, NM 87105-3059
Individually Owned
7-yr Hold
Free & Clear
Property ID
US61-0030315
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Total area
3,468 SF
Lot
0.87 ac (37,723 SF)
APN
1-012-056-479-265-4-14-21
UPID
US61-0030315
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
-
Dulceria Karamelo Specialty Food Shop Candy Store
-
Vigo Bank Credit Union
-
KARAMELO GROCERY STORE Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$530k
Owner & transaction history
Hector Bailon · 7 yrs held
Hector Bailon
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
AUTO REPAIR, GARAGE
$430,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$153 / 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
$8,487
Tax year 2023
Assessed value
$226,077
Assessed 2023
Previous assessed
$158,134
+43.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$18,931
Assessed improvement
$207,146
Land market value
$56,800
Improvement market value
$621,500
Total market value
$678,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Rooms
7
Total area
3,468 SF
Lot
0.87 ac (37,723 SF)
APN
1-012-056-479-265-4-14-21
UPID
US61-0030315
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) Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$430,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2015
Heating
NONE
Stories
1
Rooms
7
Lot
0.87 ac
Current owner
From public records · entity-resolved
Hector Bailon
Individual
Free & Clear · 7 yrs held
Mailing address
3200 BRG BLVD SW, ALBUQUERQUE, NM 87121-3338
Ownership since
2019
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
Apr 15, 2019
—
Hector Bailon
Bolas,martin
Warranty Deed
—
Dec 4, 2018
—
Jose M Lopez Garcia
Angelica Terrazas Angelica
Warranty Deed
$342,000 · Waterstone Mortgage Corp
Jan 23, 2017
—
Laura St John
Bolas,martin
Warranty Deed
related
—
Aug 20, 2014
—
Angelica Terrazas
Bailou,hector
Quit Claim Deed
related
—
Mar 31, 2011
—
Hector Bailon
Bolas,martin
Dual Purpose Document
$230,000 · Martin Bolas
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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