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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Manufacturing properties
17 Centro Algodones, Algodones, NM 87001-8216
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US61-1336357
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Total area
12,000 SF
Lot
2 ac (87,120 SF)
APN
1-024-078-261-196
UPID
US61-1336357
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$600k
Owner & transaction history
Mtl LLC · 8 yrs held
Mtl LLC
since 2017
7 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 Algodones submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Algodones 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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Current use
WAREHOUSE, STORAGE
$850,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$835,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$50 / 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
$13,459
Tax year 2023
Assessed value
$384,237
Assessed 2024
Previous assessed
$364,092
+5.5% YoY
Effective rate
3.50%
On assessed value
Assessed land
$69,986
Assessed improvement
$314,251
Land market value
$209,959
Improvement market value
$942,752
Total market value
$1,152,711
Applied tax rate
802.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
2 ac (87,120 SF)
APN
1-024-078-261-196
UPID
US61-1336357
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
INDUSTRIAL (GENERAL) Current
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$835,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2019
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Mtl LLC
Entity
Mailing address
PO BOX 636, BERNALILLO, NM 87004-0636
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
—
Mtl LLC
—
Deed
related
$791,666 · Hillcrest Bk
Mar 18, 2019
—
Mtl LLC
—
Deed
related
$791,666 · Hillcrest Bk
Mar 7, 2019
—
Mtl LLC
—
Deed
related
$651,000 · Capital Certified Dev Corp
Jul 7, 2017
—
Mtl LLC
Barshop Steven & B P Trust
Warranty Deed
$1,425,000 · Peoples Bk
Dec 27, 2016
—
Barshop,steven & B P Trust
Barshop,steven M
Quit Claim Deed
related
—
—
—
Mtl LLC
—
Deed Of Trust
related
$791,666 · Hillcrest Bk
—
—
Mtl LLC
—
Deed Of Trust
related
$651,000 · Capital Certified Dev Corp
—
—
Mtl LLC
—
Loan Modification
related
$791,666 · Hillcrest Bk
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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