Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Outlet malls
4920 Menaul NE Blvd Albuquerque, NM 87110-3042
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US61-0186839
Property summary
AI-generated overview
This exceptional 0.5-acre commercial land parcel in Bernalillo County's NE Heights submarket presents a unique investment opportunity. Located at 4920 Menaul Boulevard, this property boasts a highly visible location with left-in/left-out access, ideal for a drive-thru development. Previously occupied by Mor Furniture for Less, the site is zoned MX-M and offers the potential for a build-to-suit (BTS) or ground lease opportunity. Conceptual plans, developed by a local architect, envision a single-lane drive-thru with approximately 1,200 square feet of interior space and a desirable 600-square-foot covered patio, perfect for Albuquerque's sunny climate. The maximum building size is approximately 2,000 square feet. The site's high visibility and proximity to successful drive-thru businesses in the area make this a compelling investment for developers seeking a prime location in a thriving commercial corridor. The current owner is a qualified retail developer, ensuring a smooth and efficient development process.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1965
Total area
59,500 SF
Lot
4.01 ac (174,893 SF)
APN
1-017-059-475-236-4-15-13
UPID
US61-0186839
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
-
Credit Repair Albuquerque NM Financial Advisor
-
Mor Furniture for Less Warehouse Warehouse & Storage
-
Mor Furniture for Less Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Menaul 4920 LLC · 3 yrs held
Menaul 4920 LLC
since 2023
5 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
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
RETAIL STORES
$4,505,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,175,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$4,170,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±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
$46 / 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
$54,270
Tax year 2023
Assessed value
$1,131,198
Assessed 2023
Previous assessed
$1,037,797
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$444,712
Assessed improvement
$686,486
Land market value
$1,334,269
Improvement market value
$2,059,664
Total market value
$3,393,933
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1965
Heating
NONE
Total area
59,500 SF
Lot
4.01 ac (174,893 SF)
APN
1-017-059-475-236-4-15-13
UPID
US61-0186839
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
RETAIL STORES Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
NONE
Lot
4.01 ac
Current owner
From public records · entity-resolved
Menaul 4920 LLC
Entity
Mailing address
13405 PINO RDG PL NE, ALBUQUERQUE, NM 87111-8274
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
—
Menaul 4920 LLC
Wesco Management LLC
Special Warranty Deed
$7,250,000 · Wesco Management LLC
Sep 16, 2011
—
Wesco Management LLC
The Center At Midtown LLC
Warranty Deed
$3,975,000 · Wells Fargo Bank NA
Mar 9, 2001
—
Center At Midtown LLC
Floy Akilian Real Estate LLC
Grant Deed
$975,000 · Wells Fargo Bank New Mexico
—
—
Wesco Management LLC
—
Deed Of Trust
related
$3,975,000 · Wells Fargo Bank
—
—
Floy A Kilian Real Estate LLC
—
Deed Of Trust
related
$500,000 · Norwest Bank New Mexico
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 4920 Menaul 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.
