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Property profile & analytics
OFF-MARKET
Estimated value
$15,745,000
Outlet malls
500 Eubank SE Blvd Albuquerque, NM 87123-3338
Entity Owned
Absentee Owner
Free & Clear
Property ID
US61-0294622
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Total area
150,398 SF
Lot
17.53 ac (763,433 SF)
APN
1-021-056-060-374-2-02-01
UPID
US61-0294622
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
-
Costco Optical Department Eye Care Center Optician
-
Costco Food Court Restaurant
-
Costco Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
-
Cardtronics ATM Atm
-
Costco Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.31M
Blend (final)
Blend
$15.75M
Owner & transaction history
COSTCO WHOLESALE CORPPROPERTY TAX DEPT 667
COSTCO WHOLESALE CORPPROPERTY TAX DEPT 667
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.7M
+55.6%
Apartment house (5+ units)
$16.2M
+21.6%
Restaurant
$15.8M
+18.6%
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 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
$13,320,000
Current use
COMMERCIAL (GENERAL)
$20,725,000
Change: +56% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$16,200,000
Change: +22% · Conversion: Difficult
RESTAURANT
$15,805,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,575,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$13,810,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$11,770,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$15.75M
Range $14.17M – $17.32M · ±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
$105 / 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
$184,039
Tax year 2023
Assessed value
$3,836,053
Assessed 2023
Previous assessed
$3,550,212
+8.1% YoY
Effective rate
4.80%
On assessed value
Assessed land
$1,529,989
Assessed improvement
$2,306,064
Land market value
$4,590,426
Improvement market value
$6,918,884
Total market value
$11,509,310
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
2000
Heating
NONE
Total area
150,398 SF
Lot
17.53 ac (763,433 SF)
APN
1-021-056-060-374-2-02-01
UPID
US61-0294622
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
$13.3M
COMMERCIAL (GENERAL)
Est. value
$20.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.2M
RESTAURANT
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$15.6M
OFFICE BUILDING
Est. value
$13.8M
WAREHOUSE, STORAGE
Est. value
$11.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2000
Heating
NONE
Lot
17.53 ac
Current owner
From public records · entity-resolved
COSTCO WHOLESALE CORPPROPERTY TAX DEPT 667
Individual
Free & Clear · 0 yrs held
Mailing address
999 LK DR, ISSAQUAH, WA 98027-8990
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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