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Property profile & analytics
OFF-MARKET
Office Spaces
1816 Coors SW Blvd Albuquerque, NM 87121-4307
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US61-0296912
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1915
Total area
1,099 SF
Lot
0.59 ac (25,570 SF)
APN
1-011-055-104-310-2-04-01
UPID
US61-0296912
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
-
Ally's Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ivan E Varela-ornelas · 6 yrs held
Ivan E Varela-ornelas
since 2019
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,502
Tax year 2023
Assessed value
$68,627
Assessed 2023
Previous assessed
$59,128
+16.1% YoY
Effective rate
3.65%
On assessed value
Assessed land
$14,299
Assessed improvement
$54,328
Land market value
$42,900
Improvement market value
$163,000
Total market value
$205,900
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1915
Heating
NONE
Units
1
Total area
1,099 SF
Lot
0.59 ac (25,570 SF)
APN
1-011-055-104-310-2-04-01
UPID
US61-0296912
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
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Ivan E Varela-ornelas
Individual
Mailing address
1816 COORS BLVD SW, ALBUQUERQUE, NM 87121-4307
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2019
—
Ivan E Varela-ornelas
Reveles-ramos,jaime H
Quit Claim Deed
related
—
Feb 21, 2019
$189,999
Jaime H Reveles-ramos
Chavez Lucero
Grant Deed
—
May 20, 2013
—
Lucero Chavez
Tarin,josefa
Grant Deed
related
—
Jun 24, 2011
—
Josefa Tarin
Montoya,juan R & Paula D
Grant Deed
—
Jan 5, 2005
—
Bustos LLC
Campbell,scott & Ramona
Warranty Deed
related
—
—
—
Juan R Montoya
—
Deed Of Trust
related
$50,000 · Rbc Mortgage Co
—
—
Juan Montoya
—
Deed Of Trust
related
$36,541 · Bank Of America
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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