Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Paisano NE St Albuquerque, NM 87123-1460

    • Assisted living facilities
    • 93,129 SF
    • 4.50 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2021
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0339492
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sandia Vista Senior Living / Retirement Community
    • Gemini Home Health / Home Health Care Service
    • Duke City Expert Restoration / Hardware & Home Improvement / Construction Company

    Property Details for 500 Paisano NE St

    Year built
    1992
    Lot size
    4.50 lot acres
    Property size
    93,129 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1-022-057-059-039-3-02-05
    APU
    102205705903930205

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,890,000
      Market price range: $854k - $3.78M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.513
    Latitude
    35.0732
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $82,536
    $436,745
    $1,494,690
    $1,931,435
    -
    $1,310,366
    $4,484,517
    $5,794,883

    Comparable in this City

    • Value Estimation by Request
      7,679 SF

      13450 Wenonah SE Ave

      HOMES (RETIRED, NURSING) • 7,679 SF
      13450 Wenonah SE Ave, Albuquerque, NM 87123-3892
      View Details
    • Value Estimation by Request
      12,000 SF

      10500 Research Rd

      Medical offices • 12,000 SF
      10500 Research Rd, Albuquerque, NM 87123
      View Details
    • Value Estimation
      $565,000
      8,514 SF

      10410 Copper Pt NE Way

      MEDICAL BUILDING • 8,514 SF
      10410 Copper Pt NE Way, Albuquerque, NM 87123-1158
      View Details
    • Value Estimation by Request
      4,131 SF

      201 Wyoming NE Blvd

      MEDICAL BUILDING • 4,131 SF
      201 Wyoming NE Blvd, Albuquerque, NM 87123-1029
      View Details
    • Value Estimation by Request
      7,773 SF

      13701 Encantado NE Rd

      MEDICAL BUILDING • 7,773 SF
      13701 Encantado NE Rd, Albuquerque, NM 87123-2275
      View Details
    • Value Estimation by Request
      6,226 SF

      15 Hotel Cir

      Restaurants • 6,226 SF
      15 Hotel Cir, Albuquerque, NM 87123
      View Details

    Similar Nearby for Sale

    • $350,000
      0.54 Acres

      Prime Albuquerque Commercial Land

      0.54-acre lot, high traffic, MX-H zoning
      109 Juan Tabo Blvd, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Land at Lighted Intersection

      Land with freeway exposure in established retail corridor.
      601 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • $70,000
      0.06 Acres

      Residential Land in Four Hills

      Residential land for townhomes with utilities in Albuquerque, NM.
      443 Pinon Creek Rd SE, Albuquerque, NM 87123
      View Details
    • $79,900
      0.06 Acres

      Residential Land in Four Hills

      Residential land for townhome development in Albuquerque's Four Hills.
      441 Pinon Creek Rd SE, Albuquerque, NM 87123
      View Details
    • $650,000
      5,600 SF

      Albuquerque Warehouse: $650K

      5,600 SF Industrial Warehouse, Great Location
      9415 Susan Ave, Albuquerque, NM 87123
      View Details
    • $215,000
      0.66 Acres

      Albuquerque Development Land - 0.66 Acres

      Prime Albuquerque land: retail & residential potential.
      12700 Lomas Blvd, Albuquerque, NM 87123
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,480 SF

      Office Space in Tech Park

      Office space for rent in Sandia Science & Tech Park.
      10421 Research Rd SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      23,497 SF

      Retail Space in High-Traffic Corridor

      Retail space available in a high-traffic Albuquerque location.
      36-40 Hotel Cir NE, Albuquerque, NM 87123
      View Details
    • $35 SF/Yr
      1,850 SF

      Retail Space in North Towne

      Retail space available in Whole Foods anchored North Towne Plaza.
      5901 Wyoming Blvd NE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      23,522 SF

      Prime Juan Tabo Commercial Land

      1 Acre, High-Traffic Location, MX-H Zoning
      109 Juan Tabo Blvd, Albuquerque, NM 87123
      View Details
    • $3,500 /Mo
      10,890 SF

      Vacant Land for Lease

      Undeveloped land suitable for storage in Albuquerque, NM.
      9901 Cochiti Rd SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      2,223 SF

      Retail Space with Ample Parking

      Retail space available in Albuquerque's Northeast Heights with parking.
      2433-2439 Wyoming Blvd NE, Albuquerque, NM 87123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Paisano NE St
    Albuquerque, NM 87123-1460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.