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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Warehouses
2 Paseo De Riv St Santa Fe, NM 87507-8476
Entity Owned
14-yr Hold
Free & Clear
Property ID
US61-0066933
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
18,480 SF
Lot
2.75 ac (119,790 SF)
APN
59100612
UPID
US61-0066933
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
-
Closetbox Storage Facility
-
Johnson Storage & Moving Storage Facility
-
Penske Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$986k
Blend (final)
Blend
$1.08M
Owner & transaction history
Real Estate Mkj LLC · 14 yrs held
Real Estate Mkj LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+51.0%
Office building
$1.7M
+43.6%
Auto repair, garage
$1.5M
+31.8%
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 Santa Fe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Fe 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,160,000
Current use
INDUSTRIAL (GENERAL)
$1,750,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$1,665,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,530,000
Change: +32% · Conversion: Easy
RETAIL STORES
$1,270,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$58 / 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
$18,669
Tax year 2023
Assessed value
$580,544
Assessed 2023
Previous assessed
$482,652
+20.3% YoY
Effective rate
3.22%
On assessed value
Assessed land
$154,525
Assessed improvement
$426,019
Land market value
$463,576
Improvement market value
$1,278,059
Total market value
$1,741,635
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
Heating
NONE
Total area
18,480 SF
Lot
2.75 ac (119,790 SF)
APN
59100612
UPID
US61-0066933
Jurisdiction
SANTA FE
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
Heating
NONE
Lot
2.75 ac
Current owner
From public records · entity-resolved
Real Estate Mkj LLC
Entity
Free & Clear · 14 yrs held
Mailing address
7009 S JORDAN RD, CENTENNIAL, CO 80112-4219
Ownership since
2012
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
Dec 17, 2025
—
Real Estate Mkj LLC
—
Deed
related
$1,050,000 · Symetra Life Insurance Co
May 7, 2013
—
Johnson Properties LLC
—
Loan Modification
related
$16,330,000 · Bank Of The West
May 9, 2012
—
Real Estate Mkj LLC
Johnson Properties LLC
Quit Claim Deed
related
—
Jul 15, 2008
—
Johnson Properties LLC
Johnson Properties Ltd
Quit Claim Deed
related
—
Jul 10, 2008
—
Johnson Properties LLC
—
Trustees Deed
related
$1,188,000 · Bank Of The West
—
—
Real Estate Mkj LLC
—
Deed Of Trust
related
$1,050,000 · Miscellaneous Ins Co
—
—
Johnson Properties LLC
—
Deed Of Trust
related
$600,000 · Bank Of The West
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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