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Property profile & analytics
FOR SALE
Flex space
4340 Cutler Ave NE Albuquerque, NM 87110
Entity Owned
Absentee Owner
Free & Clear
Property ID
US61-0466963
For Sale
1 / 2
$3,632,000
4340 Cutler Ave NE, Albuquerque, NM 87110
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2012
Total area
20,264 SF
Lot
1.92 ac (83,722 SF)
APN
1-017-059-236-104-3-09-01
UPID
US61-0466963
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
-
Calibers Shooters Sports Center Gun Club Gun Shop
-
Calibers Gun Shop Firearms Academy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$730k
Owner & transaction history
3312 Rowena Limited Partnership
3312 Rowena Limited Partnership
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+63.9%
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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$720,000
Current use
MEDICAL BUILDING
$1,180,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$36 / 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
$22,162
Tax year 2023
Assessed value
$461,944
Assessed 2023
Previous assessed
$432,090
+6.9% YoY
Effective rate
4.80%
On assessed value
Assessed land
$124,821
Assessed improvement
$337,123
Land market value
$374,500
Improvement market value
$1,011,471
Total market value
$1,385,971
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
2012
Heating
NONE
Total area
20,264 SF
Lot
1.92 ac (83,722 SF)
APN
1-017-059-236-104-3-09-01
UPID
US61-0466963
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
INDUSTRIAL (GENERAL) Current
Est. value
$720,000
MEDICAL BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
MEDICAL 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
2012
Heating
NONE
Lot
1.92 ac
Current owner
From public records · entity-resolved
3312 Rowena Limited Partnership
Entity
Free & Clear · 0 yrs held
Mailing address
10624 NOTTINGHAM RD, EDMONDS, WA 98020-6159
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 14, 2025
—
3312 Rowena Limited Partnership
Liberty Cap Properties LLC
Special Warranty Deed
—
Aug 10, 2023
—
Liberty Cap Properties LLC
—
Deed
related
$150,000 · First National Bank
May 3, 2022
—
Liberty Cap Properties LLC
Santa Teresa Capital LLC
Deed
related
$3,801,954 · First National Bank
Oct 10, 2018
—
Santa Teresa Capital LLC
Calibers Properties LLC
Grant Deed
$1,616,000 · Bank Of Albuquerque
Feb 29, 2012
—
Calibers Properties LLC
Deponte Investments INC
Special Warranty Deed
$3,273,644 · Us Bank NA
Mar 23, 2009
—
Deponte Investments INC
Allen Timothy
Quit Claim Deed
related
—
Jul 9, 2007
—
Deponte Investments INC
—
Grant Deed
related
$1,500,000 · Great Southern Bank
—
—
Calibers Properties LLC
—
Deed Of Trust
related
$1,588,000 · Enchantment Land Certified Dev
—
—
Deponte Investments INC
—
Loan Modification
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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