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Property profile & analytics
OFF-MARKET
Warehouses
1824 2nd NW St Albuquerque, NM 87102-1451
Trust Owned
~
Est. High Equity
Property ID
US61-0154421
Property summary
AI-generated overview
This Albuquerque industrial property, located at 1824 2nd St NW, offers 10,632 square feet of versatile space, ideal for a variety of businesses. The property features two buildings: a main building with approximately 8,112 square feet (including 1,992 square feet of office space and 6,120 square feet of warehouse space), and an additional 2,520 square feet warehouse. Situated on a 1.51-acre lot, it boasts a secure yard, two loading docks, and one drive-in door per building. Conveniently located with easy access to I-40 and adjacent to the proposed Rail Trail, this property offers excellent accessibility. The main building has single-phase, 200-amp, 230v electrical service, while the additional warehouse has single-phase, 115v service. Three-phase electrical service is available nearby. The property is zoned NR GM and is available for sale. The property is currently occupied, so please do not disturb the tenant.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
6,100 SF
Lot
0.23 ac (10,193 SF)
APN
1-014-059-356-022-4-05-03
UPID
US61-0154421
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
-
TP Pump And Pipe Factory Metal Fabrication Plant
-
TP Pump & Pipe Co. Building Supply
-
Laron Air (Quincy Distributor) Big Box & Wholesale Store
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
Pacheco Family Trust
Pacheco Family Trust
since 2025
1 recorded transaction
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
$6,036
Tax year 2023
Assessed value
$109,129
Assessed 2023
Previous assessed
$109,129
+0.0% YoY
Effective rate
5.53%
On assessed value
Assessed land
$12,375
Assessed improvement
$96,754
Land market value
$37,129
Improvement market value
$290,291
Total market value
$327,420
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
NONE
Units
1
Total area
6,100 SF
Lot
0.23 ac (10,193 SF)
APN
1-014-059-356-022-4-05-03
UPID
US61-0154421
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
1950
Heating
NONE
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Pacheco Family Trust
Trust
Mailing address
PO BOX 25144, ALBUQUERQUE, NM 87125-0144
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Pacheco Family Trust
Ram Tp LLC
Special Warranty Deed
$793,000 · Main Bank
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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