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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Manufacturing properties
4895 Corrales Rd, Corrales, NM 87048-8619
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US61-1333013
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Total area
9,570 SF
Lot
3.2 ac (139,392 SF)
APN
1-016-067-174-463
UPID
US61-1333013
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
-
Personalized Menopause Specialist Clinic Medical Clinic
-
Sandos and Sandias Restaurant
-
Ex Novo Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$855k
Owner & transaction history
Ex Novo Holdings LLC · 2 yrs held
Ex Novo Holdings LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+85.1%
Office building
$1.2M
+80.0%
Auto repair, garage
$980,000
+42.9%
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 Corrales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corrales 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
$605,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$685,000
Current use
RESTAURANT
$1,270,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +43% · Conversion: Easy
RETAIL STORES
$895,000
Change: +30% · Conversion: Moderate
WAREHOUSE, STORAGE
$680,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$670,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$89 / 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
$29,447
Tax year 2023
Assessed value
$613,196
Assessed 2024
Previous assessed
$586,222
+4.6% YoY
Effective rate
4.80%
On assessed value
Assessed land
$228,183
Assessed improvement
$385,013
Land market value
$684,548
Improvement market value
$1,155,038
Total market value
$1,839,586
Applied tax rate
203.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2019
Buildings
2
Stories
1
Total area
9,570 SF
Lot
3.2 ac (139,392 SF)
APN
1-016-067-174-463
UPID
US61-1333013
Jurisdiction
SANDOVAL
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
$685,000
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$895,000
WAREHOUSE, STORAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$670,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2019
Stories
1
Buildings
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
Ex Novo Holdings LLC
Entity
Mailing address
4895 CORRALES RD, CORRALES, NM 87048-8619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
—
Ex Novo Holdings LLC
—
Deed
related
$3,128,060 · State Employees Cu
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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