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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
High-rise multifamily apartments
3901 Indian School NE Rd Albuquerque, NM 87110-3841
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US61-0071764
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1980
Total area
48,760 SF
Lot
7.03 ac (306,401 SF)
APN
1-017-059-085-043-3-01-10
UPID
US61-0071764
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
-
Talent Hollywood, LLC Employment Agency
-
ABQ Sits Kennel & Boarding Facility
-
Glo Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.34M
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$5.80M
Owner & transaction history
3901 Summit Apartment LLC · 5 yrs held
3901 Summit Apartment LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+84.8%
Restaurant
$4.6M
+34.6%
Auto repair, garage
$4.3M
+25.9%
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%
$6,865,000
6.5%
$6,335,000
7%
$5,885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,330,000
Change: +85% · Conversion: Moderate
RESTAURANT
$4,605,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,310,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$3,690,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±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
$137,589
Tax year 2023
Assessed value
$3,219,733
Assessed 2023
Previous assessed
$3,125,954
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$626,555
Assessed improvement
$2,593,178
Land market value
$1,879,853
Improvement market value
$7,780,311
Total market value
$9,660,164
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1980
Heating
NONE
Units
46
Total area
48,760 SF
Lot
7.03 ac (306,401 SF)
APN
1-017-059-085-043-3-01-10
UPID
US61-0071764
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
COMMERCIAL (GENERAL)
Est. value
$6.3M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.3M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1980
Heating
NONE
Units
46
Lot
7.03 ac
Current owner
From public records · entity-resolved
3901 Summit Apartment LLC
Entity
Mailing address
9601 WILSHIRE BLVD #7, BEVERLY HILLS, CA 90210-5213
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
3901 Summit Apartment LLC
SR Albuquerque Apartments LLC
Warranty Deed
$20,606,321 · Cit Bank NA
Dec 9, 2009
—
SR Albuquerque Apartments LLC
SR Albuquerque Holdings LLC
Special Warranty Deed
—
—
—
SR Albuquerque Apartments LLC
—
Deed Of Trust
related
$10,200,000 · Cbre Capital Markets INC
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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