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Property profile & analytics
OFF-MARKET
Estimated value
$5,675,000
Hotels
2101 Louisiana NE Blvd, Albuquerque, NM 87110-5401
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US61-0166557
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Total area
315,942 SF
Lot
7.41 ac (322,780 SF)
APN
1-018-058-473-432-1-15-19
UPID
US61-0166557
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
-
The Dinner Detective Murder Mystery Dinner Show - Albuquerque, New Mexico Restaurant Theater & Performing Art Venue
-
Cielo Sandia Restaurant
-
Sandia Skies Grocery & Convenience Store
-
Albuquerque International Christian Church Church
-
Marriott Albuquerque Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.68M
Owner & transaction history
Columbia Props Albuqerque LLC · 10 yrs held
Columbia Props Albuqerque LLC
since 2015
6 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
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
HOTEL/MOTEL
$9,085,000
Current use
Blend value · Realmo final
$5.68M
Range $5.11M – $6.24M · ±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
$18 / 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
$328,638
Tax year 2023
Assessed value
$6,850,044
Assessed 2023
Previous assessed
$6,342,633
+8.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$1,066,285
Assessed improvement
$5,783,759
Land market value
$3,199,176
Improvement market value
$17,353,012
Total market value
$20,552,188
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1982
Heating
NONE
Units
411
Total area
315,942 SF
Lot
7.41 ac (322,780 SF)
APN
1-018-058-473-432-1-15-19
UPID
US61-0166557
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.1M
HOTEL/MOTEL Current
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
1982
Heating
NONE
Units
411
Lot
7.41 ac
Current owner
From public records · entity-resolved
Columbia Props Albuqerque LLC
Entity
Mailing address
740 CTR VW BLVD, CRESTVIEW HILLS, KY 41017-5434
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
Columbia Properties Albuquerque LLC
—
Deed
related
$47,000,000 · Morgan Stanley Bank NA
Oct 9, 2015
—
Columbia Props Albuqerque LLC
Connecticut Genl Life Ins Co
Grant Deed
$37,200,000 · Cibc
Dec 28, 2010
—
Columbia Props Albuquerque LLC
—
Deed Of Trust
related
$155,000,000 · Starwood Prop Mtg Sub-2 LLC
Jul 28, 2005
—
Columbia Props Albuquerque LLC
—
Deed Of Trust
related
$350,000,000 · Us Bank NA
Jan 6, 2005
—
Nshe Forest Hills LLC
—
Deed Of Trust
related
$16,500,000 · Us Bank NA
—
—
Columbia Props Albuquerque LLC
—
Deed Of Trust
related
—
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.
Try Rey
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