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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Warehouses
268 Hl Rd Bernalillo, NM 87004-8058
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US61-1334278
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
24,650 SF
Lot
11.28 ac (491,357 SF)
APN
1-020-073-345-315
UPID
US61-1334278
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
by Request
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.94M
Owner & transaction history
Best Abq Nm I LLC · 4 yrs held
Best Abq Nm I LLC
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+91.8%
Restaurant
$3.3M
+74.3%
Retail stores
$3.0M
+60.6%
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 Bernalillo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bernalillo 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%
$3,175,000
6.5%
$2,930,000
7%
$2,720,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,875,000
Current use
OFFICE BUILDING
$3,595,000
Change: +92% · Conversion: Difficult
RESTAURANT
$3,265,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$3,010,000
Change: +61% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,535,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,520,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±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
$119 / 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
$69,111
Tax year 2023
Assessed value
$2,067,906
Assessed 2024
Previous assessed
$1,360,595
+52.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$787,858
Assessed improvement
$1,280,048
Land market value
$2,363,573
Improvement market value
$3,840,143
Total market value
$6,203,716
Applied tax rate
101.0000
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
2018
Heating
NONE
Buildings
5
Stories
1
Total area
24,650 SF
Lot
11.28 ac (491,357 SF)
APN
1-020-073-345-315
UPID
US61-1334278
Jurisdiction
SANDOVAL
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
$1.9M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.3M
RETAIL STORES
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2018
Heating
NONE
Stories
1
Buildings
5
Lot
11.28 ac
Current owner
From public records · entity-resolved
Best Abq Nm I LLC
Entity
Mailing address
7065 INDIANA AVE STE #300, RIVERSIDE, CA 92506-4167
Ownership since
2022
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 26, 2022
—
Best Abq Nm I LLC
I 25 Rv Boat Self Storage LLC
Special Warranty Deed
$7,410,000 · American Business Bank
Aug 1, 2017
—
I-25 Rv-boat Self-storage LLC
Willow Village Investments LLC
Grant Deed
$8,742,000 · Washington Fed'l Svgs
Apr 3, 2013
—
Willow Village Investments LLC
Pickard,philip
Quit Claim Deed
related
$500,000 · Dclp Trust (pt)
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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