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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Assisted living facilities
1729 Wellspring SE Ave, Rio Rancho, NM 87124-4957
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US61-1333265
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Total area
11,788 SF
Lot
1.1 ac (47,916 SF)
APN
1-011-067-234-236
UPID
US61-1333265
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$478k
Blend (final)
Blend
$565k
Owner & transaction history
Ying Kam Corporation · 4 yrs held
Ying Kam Corporation
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$775,000
+129.5%
Medical building
$625,000
+85.7%
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 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$775,000
Change: +130% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$48 / 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
$20,701
Tax year 2023
Assessed value
$572,373
Assessed 2024
Previous assessed
$528,914
+8.2% YoY
Effective rate
3.62%
On assessed value
Assessed land
$28,333
Assessed improvement
$544,040
Land market value
$85,000
Improvement market value
$1,632,119
Total market value
$1,717,119
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
11,788 SF
Lot
1.1 ac (47,916 SF)
APN
1-011-067-234-236
UPID
US61-1333265
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)
Est. value
$775,000
MEDICAL BUILDING
Est. value
$625,000
INDUSTRIAL (GENERAL)
MEDICAL 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
2018
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ying Kam Corporation
Entity
Mailing address
1729 WELLSPRING AVE SE, RIO RANCHO, NM 87124-4957
Ownership since
2022
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 8, 2022
—
Ying Kam Corporation
Bgr LLC
Special Warranty Deed
$3,300,000 · Enterprise Bank & Trust
Jun 5, 2020
—
Bgr LLC
—
Deed
related
$2,205,000 · Nusenda Fed'l Credit
Oct 23, 2017
—
Bgr LLC
—
Trustees Deed
related
$4,180,000 · Los Alamos Nat'l Bk
Sep 25, 2017
—
Bgr LLC
Curb INC
Grant Deed
related
$300,000 · Nusenda FCU
May 18, 2017
—
Brg LLC
Curb INC
Special Warranty Deed
$150,000 · Nusenda FCU
Jan 18, 2008
—
Curb INC
Brown Family LLC
Grant Deed
$412,207 · Brown Family LLC
—
—
Bgr LLC
—
Deed Of Trust
related
$300,000 · Nusenda FCU
—
—
Bgr LLC
—
Deed Of Trust
related
$2,205,000 · Nusenda Fed'l Credit
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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