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Property profile & analytics
OFF-MARKET
Estimated value
$22,380,000
Outlet malls
2701 Carlisle NE Blvd Albuquerque, NM 87110-2830
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US61-0043073
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
215,936 SF
Lot
19.26 ac (839,140 SF)
APN
1-016-059-440-366-1-09-05
UPID
US61-0043073
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
-
Ria Money Transfer - Walmart Bank Credit Union
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Dr. Shawn Lawrence Physician
-
John Vankesteren Physician
-
Walmart Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.62M
Blend (final)
Blend
$22.38M
Owner & transaction history
Sri Albuquerque LLC · 16 yrs held
Sri Albuquerque LLC
since 2009
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$28.0M
+71.4%
Restaurant
$20.4M
+24.8%
Auto repair, garage
$19.1M
+16.8%
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 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
RETAIL STORES
$16,350,000
Current use
COMMERCIAL (GENERAL)
$28,020,000
Change: +71% · Conversion: Easy
RESTAURANT
$20,405,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,090,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,160,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$15,135,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$22.38M
Range $20.14M – $24.62M · ±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
$104 / 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
$227,100
Tax year 2023
Assessed value
$4,733,615
Assessed 2023
Previous assessed
$4,391,361
+7.8% YoY
Effective rate
4.80%
On assessed value
Assessed land
$1,837,411
Assessed improvement
$2,896,204
Land market value
$5,512,784
Improvement market value
$8,689,480
Total market value
$14,202,264
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Heating
NONE
Units
1
Total area
215,936 SF
Lot
19.26 ac (839,140 SF)
APN
1-016-059-440-366-1-09-05
UPID
US61-0043073
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
RETAIL STORES Current
Est. value
$16.4M
COMMERCIAL (GENERAL)
Est. value
$28.0M
RESTAURANT
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$19.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.2M
OFFICE BUILDING
Est. value
$15.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
NONE
Units
1
Lot
19.26 ac
Current owner
From public records · entity-resolved
Sri Albuquerque LLC
Entity
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2009
—
Sri Albuquerque LLC
Sri Holdings LLC
Warranty Deed
$2,250,000 · The First National Bank Of Santa Fe
Oct 13, 2008
—
Retail Trust V
Wal-mart Stores East
Grant Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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