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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
2121 Woodland NE Ave Albuquerque, NM 87107
Entity Owned
~
Est. High Equity
Property ID
US61-1214552
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
4,508 SF
Lot
1.44 ac (62,639 SF)
APN
1-016-059-081-305-2-15-12
UPID
US61-1214552
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
$475k
Comparable Approach
Comparable
$386k
Blend (final)
Blend
$540k
Owner & transaction history
2121 Menaul Properties LLC
2121 Menaul Properties LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+123.5%
Retail stores
$475,000
+86.3%
Office building
$385,000
+51.2%
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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Change: +123% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +86% · Conversion: Moderate
OFFICE BUILDING
$385,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$340,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$120 / 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
$17,117
Tax year 2023
Assessed value
$230,419
Assessed 2023
Previous assessed
$216,278
+6.5% YoY
Effective rate
7.43%
On assessed value
Assessed land
$115,441
Assessed improvement
$114,978
Land market value
$346,359
Improvement market value
$344,968
Total market value
$691,327
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
1969
Heating
NONE
Total area
4,508 SF
Lot
1.44 ac (62,639 SF)
APN
1-016-059-081-305-2-15-12
UPID
US61-1214552
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
COMMERCIAL (GENERAL)
Est. value
$570,000
RETAIL STORES
Est. value
$475,000
OFFICE BUILDING
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$340,000
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Lot
1.44 ac
Current owner
From public records · entity-resolved
2121 Menaul Properties LLC
Entity
Mailing address
2121 WOODLAND AVE, ALBUQUERQUE, NM 87107
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
2121 Menaul Properties LLC
Trail House LLC
Warranty Deed
—
Mar 5, 2024
$650,363
2121 Menaul Properties LLC
Trail House LLC
Land Contract
$650,363 · Not Available
Dec 7, 2018
—
2121 Menaul Properties LLC
—
Loan Modification
related
$5,110,000 · Southwest Cap Bk NA
Sep 27, 2018
—
2121 Meaul Properties LLC
—
Deed
related
$1,055,000 · Southwest Capital Bank
Nov 21, 2005
—
2121 Menaul Properties LLC
National Investments Properties LLC
Warranty Deed
$371,250 · Wells Fargo Bank NA
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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