Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Specialty properties
4000 Montgomery NE Blvd Albuquerque, NM 87109-1186
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US61-0302195
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2003
Total area
16,215 SF
Lot
1.36 ac (59,154 SF)
APN
1-017-060-149-509-2-15-22
UPID
US61-0302195
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
-
Nichol Jeff DVM Veterinary Clinic
-
Veterinary Emergency & Specialty Center of Albuquerque Veterinary Clinic
-
Thrive Pet Healthcare Specialists - Albuquerque Veterinary Clinic
-
Thrive Pet Healthcare Specialists Veterinary Clinic
-
Dermatology for Animals - Albuquerque Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Meridian Mvc Pathway Albuquerque Ll · 4 yrs held
Meridian Mvc Pathway Albuquerque Ll
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+5.0%
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
VETERINARY, ANIMAL HOSPITAL
$1,145,000
Current use
COMMERCIAL (GENERAL)
$1,205,000
Change: +5% · Conversion: Difficult
RESTAURANT
$1,140,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$1,075,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$54 / 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
$23,322
Tax year 2023
Assessed value
$486,128
Assessed 2023
Previous assessed
$445,988
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$138,416
Assessed improvement
$347,712
Land market value
$415,290
Improvement market value
$1,043,239
Total market value
$1,458,529
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2003
Heating
NONE
Total area
16,215 SF
Lot
1.36 ac (59,154 SF)
APN
1-017-060-149-509-2-15-22
UPID
US61-0302195
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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
VETERINARY, ANIMAL HOSPITAL Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2003
Heating
NONE
Lot
1.36 ac
Current owner
From public records · entity-resolved
Meridian Mvc Pathway Albuquerque Ll
Individual
Mailing address
3811 TURTLE CRK BLVD #875, DALLAS, TX 75219-4693
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
Sep 30, 2021
—
Meridian Mvc Pathway Albuquerque Ll
Pds Properties LLC
Special Warranty Deed
$2,814,700 · Washington Federal NA
Jan 25, 2021
—
Sbc Properties LLC
Philip L Lindborg
Warranty Deed
related
—
Nov 20, 2019
—
Philip L Lindborg
Kwan S Kwok
Warranty Deed
$363,750 · Sandia Labs FCU
Oct 30, 2019
—
Kwan S Kwok
Clark R B & S M Trust
Warranty Deed
related
—
Aug 31, 2016
—
Kwan S Kwok
Pds Properties LLC
Grant Deed
related
—
Jan 20, 2005
—
Pds Properties LLC
A Lee Straughan
Warranty Deed
$304,951 · Peoples Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4000 Montgomery NE Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
