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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Office buildings
5012 Broadway SE Blvd Albuquerque, NM 87105-7414
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US61-0066984
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2020
Total area
6,630 SF
Lot
2.5 ac (108,900 SF)
APN
1-014-052-223-147-3-02-34
UPID
US61-0066984
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
-
Albuquerque Asphalt Inc General Contractor Construction Company
-
Complete Concrete & Excavating Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.14M
Owner & transaction history
Albuquerque Asphalt INC · 5 yrs held
Albuquerque Asphalt INC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+38.9%
Commercial (general)
$1.0M
+38.5%
Restaurant
$955,000
+29.9%
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%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,025,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,020,000
Change: +38% · Conversion: Easy
RESTAURANT
$955,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$820,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$172 / 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
$10,056
Tax year 2023
Assessed value
$275,852
Assessed 2023
Previous assessed
$250,775
+10.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$79,852
Assessed improvement
$196,000
Land market value
$239,580
Improvement market value
$588,060
Total market value
$827,640
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Total area
6,630 SF
Lot
2.5 ac (108,900 SF)
APN
1-014-052-223-147-3-02-34
UPID
US61-0066984
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
OFFICE BUILDING Current
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RETAIL STORES
Est. value
$800,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2020
Heating
NONE
Lot
2.5 ac
Current owner
From public records · entity-resolved
Albuquerque Asphalt INC
Entity
Mailing address
PO BOX 66450, ALBUQUERQUE, NM 87193-6450
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
—
Albuquerque Asphalt INC
Tony Madrid
Warranty Deed
—
Aug 31, 2017
$525,000
Albuquerque Asphalt INC
Madrid Living Trust
Grant Deed
related
—
Dec 29, 2016
—
Madrid Living Trust
Madrid,tony
Quit Claim Deed
related
—
Jun 24, 2016
—
Tony Madrid
Complete Concrete & Excavating
Quit Claim Deed
related
—
Jul 19, 2007
—
Complete Properties LLC
Gilcrease Living Trust
Warranty Deed
$279,375 · Union Fsb
—
—
Complete Properties LLC
—
Deed Of Trust
related
$200,000 · First Community Bank
—
—
Concrete Complete
—
Deed Of Trust
related
$1,000,000 · Tony Madrid
—
—
Complete Properties LLC
—
Deed Of Trust
related
—
—
—
Complete Properties LLC
—
Deed Of Trust
related
$200,000 · First Community Bank
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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