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Property profile & analytics
OFF-MARKET
Hotels
3711 Central NE Ave Albuquerque, NM 87108-1012
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US61-0178245
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Total area
18,444 SF
Lot
0.69 ac (30,231 SF)
APN
1-017-057-054-252-3-43-03
UPID
US61-0178245
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
-
Monet’s Spa Spa & Massage Center
-
Z Lounge Bar & Pub Nightclub
-
Hotel Zazz Hotel & Motel
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
Zazz Abq LLC · 4 yrs held
Zazz Abq LLC
since 2021
6 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
$11,565
Tax year 2023
Assessed value
$241,068
Assessed 2023
Previous assessed
$223,211
+8.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$59,862
Assessed improvement
$181,206
Land market value
$179,604
Improvement market value
$543,672
Total market value
$723,276
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
1960
Heating
NONE
Units
50
Total area
18,444 SF
Lot
0.69 ac (30,231 SF)
APN
1-017-057-054-252-3-43-03
UPID
US61-0178245
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
1960
Heating
NONE
Units
50
Lot
0.69 ac
Current owner
From public records · entity-resolved
Zazz Abq LLC
Entity
Mailing address
3711 CENTRAL AVE NE, ALBUQUERQUE, NM 87108-1012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Zazz Abq LLC
—
Deed
related
$455,000 · Western Commerce Bank
Dec 27, 2021
—
Zazz Abq LLC
Hanash INC
Special Warranty Deed
$1,500,000 · Western Commerce Bank
Jun 25, 2019
—
Hanish INC
Kassam,mohmad & Shamshid
Grant Deed
related
—
—
—
University Hospitality INC
—
Loan Modification
related
$325,000 · Us Bk
—
—
University Hospitality INC
—
Deed Of Trust
related
$600,000 · First Community Bank
—
—
Hanash INC
—
Deed Of Trust
related
$200,000 · Strathcona Jv
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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