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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Warehouses
2301 Vis Oriente NW St Albuquerque, NM 87120-1878
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0769540
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
8,730 SF
Lot
3.56 ac (155,030 SF)
APN
1-010-059-058-354-2-01-09
UPID
US61-0769540
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
$590k
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$895k
Owner & transaction history
Mhc 224 Vista Oriente Street Albuqu · 3 yrs held
Mhc 224 Vista Oriente Street Albuqu
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+80.5%
Apartment house (5+ units)
$940,000
+41.1%
Auto repair, garage
$820,000
+23.1%
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
$590,000
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$665,000
Current use
COMMERCIAL (GENERAL)
$1,205,000
Change: +80% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$940,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +23% · Conversion: Easy
RESTAURANT
$765,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$103 / 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
$43,998
Tax year 2023
Assessed value
$917,077
Assessed 2023
Previous assessed
$857,081
+7.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$224,464
Assessed improvement
$692,613
Land market value
$673,458
Improvement market value
$2,078,047
Total market value
$2,751,505
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Total area
8,730 SF
Lot
3.56 ac (155,030 SF)
APN
1-010-059-058-354-2-01-09
UPID
US61-0769540
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
WAREHOUSE, STORAGE Current
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RESTAURANT
Est. value
$765,000
OFFICE BUILDING
Est. value
$580,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
2021
Heating
NONE
Lot
3.56 ac
Current owner
From public records · entity-resolved
Mhc 224 Vista Oriente Street Albuqu
Individual
Free & Clear · 3 yrs held
Mailing address
41 FLATBUSH AVE STE 3C, BROOKLYN, NY 11217-1145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
Mhc 224 Vista Oriente Street Albuqu
Tm Storage LLC
Special Warranty Deed
—
Oct 16, 2018
—
Tm Storage LLC
Dartmouth Street LLC
Warranty Deed
—
—
—
Tm Storage LLC
—
Deed Of Trust
related
$3,600,000 · Western Commerce Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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