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Property profile & analytics
OFF-MARKET
Office Spaces
3212 Monte Vis NE Blvd Albuquerque, NM 87106-2120
Entity Owned
4-yr Hold
Property ID
US61-0199129
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1929
Total area
2,143 SF
Lot
0.14 ac (6,011 SF)
APN
1-016-057-373-345-1-08-07
UPID
US61-0199129
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
-
Happy People Coaching Life Coach Health Consultant
-
Original Grace Esthetics (Bike/Boat/Book/etc) Store Cosmetic Store
-
Nickel Acupuncture Medical Clinic Alternative Medicine Practice
-
Rita Wormwood, MOT, OTR/L Physician
-
Arise Therapeutics Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Healing Gate LLC · 4 yrs held
Healing Gate LLC
since 2022
5 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
—
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
$4,130
Tax year 2023
Assessed value
$86,092
Assessed 2023
Previous assessed
$40,129
+114.5% YoY
Effective rate
4.80%
On assessed value
Assessed land
$17,965
Assessed improvement
$68,127
Land market value
$53,900
Improvement market value
$204,400
Total market value
$258,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1929
Heating
NONE
Total area
2,143 SF
Lot
0.14 ac (6,011 SF)
APN
1-016-057-373-345-1-08-07
UPID
US61-0199129
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
1929
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Healing Gate LLC
Entity
Mailing address
1212 MORNINGSIDE DR NE, ALBUQUERQUE, NM 87110-6171
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Healing Gate LLC
Monte Vista Street LLC
Special Warranty Deed
$231,093 · Main Bank
Mar 7, 2007
—
Monte Vista Street LLC
Schroeder,david & Charlene G
Grant Deed
related
—
Jan 19, 2007
—
Monte Vista Street LLC
Schroeder,david & Charlene G
Grant Deed
related
—
Jun 28, 2006
—
Monte Vista Street LLC
Schroeder,david L & Charlene G
Quit Claim Deed
related
—
Mar 21, 2006
$320,000
David Schroeder
3212 Monte Vista
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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