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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Investment properties
4940 Corrales Rd Corrales, NM 87048-8673
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-1395015
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2009
Total area
11,823 SF
Lot
1.41 ac (61,420 SF)
APN
1-016-067-296-465
UPID
US61-1395015
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
-
Movement Studios LLC Gym & Fitness Center
-
Corrales Arts Center Charitable Organization Social Service Agency
-
Fancies Bakery, Deli & Modern Market Food Market Restaurant
-
Bosque Barber Shop Barber Shop
-
CORRALES PHARMACY Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$785k
Owner & transaction history
San Ysidro Plaza LLC · 5 yrs held
San Ysidro Plaza LLC
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+46.6%
Retail stores
$1.1M
+33.8%
Industrial (general)
$845,000
+2.6%
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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$825,000
Current use
AUTO REPAIR, GARAGE
$1,210,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +34% · Conversion: Easy
INDUSTRIAL (GENERAL)
$845,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$840,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$66 / 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
$29,598
Tax year 2023
Assessed value
$616,342
Assessed 2024
Previous assessed
$418,802
+47.2% YoY
Effective rate
4.80%
On assessed value
Assessed land
$95,540
Assessed improvement
$520,802
Land market value
$286,620
Improvement market value
$1,562,406
Total market value
$1,849,026
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
11,823 SF
Lot
1.41 ac (61,420 SF)
APN
1-016-067-296-465
UPID
US61-1395015
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
COMMERCIAL (GENERAL) Current
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$840,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
San Ysidro Plaza LLC
Entity
Free & Clear · 5 yrs held
Mailing address
11 KOONTZ RD, CORRALES, NM 87048-9096
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$1,770,000
San Ysidro Plaza LLC
Village Plaza LLC
Grant Deed
related
—
Jan 31, 2020
—
Village Plaza LLC
Drm LLC
Warranty Deed
$960,000 · Sunflower Bank NA
Jul 5, 2013
—
Drm LLC
Village Plaza LLC
Warranty Deed
$814,350 · Union Fsb
Sep 19, 2006
—
Village Plaza LLC
—
Trustees Deed
related
$1,452,750 · First Community Bank
Jun 2, 2004
—
Norman K Schreifels
Sun Mountain Construction INC
Grant Deed
$210,000 · First State Bank New Mexico
—
—
Village Plaza LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of The West
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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