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Property profile & analytics
OFF-MARKET
Strip malls
405 Montano NE Rd Albuquerque, NM 87107-4929
Individually Owned
4-yr Hold
Free & Clear
Property ID
US61-0333761
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
11,844 SF
Lot
0.88 ac (38,420 SF)
APN
1-015-061-369-222-4-05-02
UPID
US61-0333761
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
-
HOA Security Albuquerque NM Security Service
-
Precision Renovations Construction Company General Contractor
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
Jose Vazquez · 4 yrs held
Jose Vazquez
since 2021
7 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
$9,050
Tax year 2023
Assessed value
$206,679
Assessed 2023
Previous assessed
$189,614
+9.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$75,093
Assessed improvement
$131,586
Land market value
$225,303
Improvement market value
$394,798
Total market value
$620,101
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
NONE
Total area
11,844 SF
Lot
0.88 ac (38,420 SF)
APN
1-015-061-369-222-4-05-02
UPID
US61-0333761
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
1987
Heating
NONE
Lot
0.88 ac
Current owner
From public records · entity-resolved
Jose Vazquez
Individual
Free & Clear · 4 yrs held
Mailing address
9620 SIGNAL AVE NE, ALBUQUERQUE, NM 87122-2917
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Jose Vazquez
—
Deed
related
$250,000 · New Mexico Bank & Trust
Oct 22, 2021
—
Jose Vazquez
Bienes & Autos LLC
Warranty Deed
—
Jun 21, 2021
—
Jose Vazquez
Keith J Mallory
Warranty Deed
$305,379 · Rio Grande Cu
Nov 28, 2017
—
Jose Vazquez
Wells Fargo Bk NA
Grant Deed
related
—
Feb 9, 2017
—
Jose Vazquez
—
Deed
related
$1,290,000 · New Mexico Bk
Oct 3, 2016
—
New Cibola Ventures LLC
Rojas,phillip J & Tanya R
Grant Deed
—
May 16, 2016
—
Sean M Mallory
Mallory,keith J & Sandra L
Quitclaim Deed
related
—
Apr 15, 2015
—
Phillip J Rojas
Hallek Trust
Grant Deed
—
May 18, 2005
—
Hallek James J Trust
Hallek Trust
Quit Claim Deed
related
—
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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