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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Residential income homes
5100 Morris NE St Albuquerque, NM 87111
Entity Owned
3-yr Hold
Property ID
US61-0129074
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1980
Total area
15,176 SF
Lot
25.14 ac (1,094,924 SF)
APN
1-021-061-189-243-3-08-01
UPID
US61-0129074
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.31M
Owner & transaction history
Mesa Del Oso Apartments LLC · 3 yrs held
Mesa Del Oso Apartments LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+28.0%
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%
$2,315,000
6.5%
$2,140,000
7%
$1,985,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,635,000
Current use
COMMERCIAL (GENERAL)
$2,090,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$1,460,000
Change: -11% · Conversion: Moderate
RESTAURANT
$1,445,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,425,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±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
$152 / 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
$205,223
Tax year 2023
Assessed value
$4,802,444
Assessed 2023
Previous assessed
$4,662,567
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$1,653,912
Assessed improvement
$3,148,532
Land market value
$4,962,231
Improvement market value
$9,446,542
Total market value
$14,408,773
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1980
Heating
NONE
Units
2
Total area
15,176 SF
Lot
25.14 ac (1,094,924 SF)
APN
1-021-061-189-243-3-08-01
UPID
US61-0129074
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1980
Heating
NONE
Units
2
Lot
25.14 ac
Current owner
From public records · entity-resolved
Mesa Del Oso Apartments LLC
Entity
Mailing address
3021 CITRUS CIR STE #130, WALNUT CREEK, CA 94598-2635
Ownership since
2022
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
Jul 27, 2022
—
Mesa Del Oso Apartments LLC
Mesa Del Oso Gardens LP
Special Warranty Deed
$37,132 · Cbre Capital Markets INC
Jan 22, 2020
—
Mesa Del Oso Gardens LP
Aragon 2015/mesa Del Oso LLC
Quit Claim Deed
$1,727,000 · Northmarq Cap
Oct 29, 2015
—
Aragon 2015/mesa Del Oso LLC
Virtu Mdo Owner LP
Grant Deed
$22,800,000 · Northmarq Cap
—
—
Aragon 2015/mesa Del Oso LLC
—
Loan Modification
related
$22,800,000 · Us Bk NA Series 2016-k53 (ce)
—
—
Mesa Del Oso Associates LP
—
Deed Of Trust
related
$11,000,000 · Capri Capital Finance LLC
—
—
Mesa Del Oso Associates LP
—
Deed Of Trust
related
$9,478,420 · Mozaic Loan Acquisition LP
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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