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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
49 Hotel NE Cir Albuquerque, NM 87123-1202
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0123007
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
6,804 SF
Lot
2.8 ac (121,924 SF)
APN
1-021-057-188-326-2-01-04
UPID
US61-0123007
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
-
A-1 Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$780k
Owner & transaction history
New Mexico Self Storage Ltd Co · 15 yrs held
New Mexico Self Storage Ltd Co
since 2011
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$940,000
+76.1%
Apartment house (5+ units)
$735,000
+37.6%
Restaurant
$715,000
+34.3%
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
$485,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$535,000
Current use
COMMERCIAL (GENERAL)
$940,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: +38% · Conversion: Difficult
RESTAURANT
$715,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$625,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$115 / 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
$30,043
Tax year 2023
Assessed value
$626,209
Assessed 2023
Previous assessed
$626,209
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$239,157
Assessed improvement
$387,052
Land market value
$717,542
Improvement market value
$1,161,271
Total market value
$1,878,813
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Units
31
Total area
6,804 SF
Lot
2.8 ac (121,924 SF)
APN
1-021-057-188-326-2-01-04
UPID
US61-0123007
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
WAREHOUSE, STORAGE Current
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
RESTAURANT
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$705,000
OFFICE BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$605,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1994
Heating
NONE
Units
31
Lot
2.8 ac
Current owner
From public records · entity-resolved
New Mexico Self Storage Ltd Co
Entity
Free & Clear · 15 yrs held
Mailing address
1224 RODEO RD, SANTA FE, NM 87505-6816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Aug 20, 2012
—
New Mexico Self Storage Ltd Co
—
Deed Of Trust
related
$2,000,000 · Minnesota Life Insurance Co
Mar 25, 2011
—
New Mexico Self Storage Ltd Co
Espanola Health Center LLC
Grant Deed
—
Mar 9, 2010
—
Espanola Health Center LLC
Brott Murray L & C T F Trust
Grant Deed
—
Jul 29, 2009
—
New Mexico Self Storage Ltd Co
U Store It LP
Special Warranty Deed
$24,670 · The First National Bank Of Santa Fe
Feb 9, 2006
—
U-store-it
Williams Storage Portfolio III
Grant Deed
—
Feb 8, 2005
—
Williams Storage Portfolio III
Susa Ptshp
Grant Deed
$40,504,000 · General Electric Capital Corp
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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