New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Hotels
2910 Yale SE Blvd Albuquerque, NM 87106-4242
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0324934
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1972
Total area
179,231 SF
Lot
1213.98 ac (52,880,786 SF)
APN
1-016-054-202-302-2-01-01-A2
UPID
US61-0324934
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
-
Sheraton Albuquerque Airport Hotel Hotel & Motel
-
Zipcar Freight Service Logistics Company
-
EZI Rental Car Car Rental Facility
-
Car & SUV Rental Albuquerque Airpor t Car Rental Facility
-
Top Car Rental Albuquerque Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Terrapin Abq Airport LLC · 8 yrs held
Terrapin Abq Airport LLC
since 2017
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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
$136,423
Tax year 2023
Assessed value
$2,843,572
Assessed 2023
Previous assessed
$2,632,937
+8.0% YoY
Effective rate
4.80%
On assessed value
Assessed improvement
$2,843,572
Improvement market value
$8,531,568
Total market value
$8,531,568
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
1972
Heating
NONE
Units
276
Total area
179,231 SF
Lot
1213.98 ac (52,880,786 SF)
APN
1-016-054-202-302-2-01-01-A2
UPID
US61-0324934
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
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Units
276
Lot
1213.98 ac
Current owner
From public records · entity-resolved
Terrapin Abq Airport LLC
Entity
Mailing address
601 RIO GRANDE PL STE #117, ASPEN, CO 81611-1474
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
—
Terrapin Abq Airport LLC
—
Deed
related
$13,900,000 · Access Point Financial LLC
Aug 9, 2017
—
Terrapin Abq Airport LLC
Vwi Albuquerque LLC
Grant Deed
$11,625 · Msps Master Lender LLC
Dec 20, 2013
—
Vwi Albuquerque LLC
Spe Lo Holdings LLC
Grant Deed
related
—
—
—
Vwi Albuquerque LLC
—
Deed Of Trust
related
$90,000,000 · General Elec Cap
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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