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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Warehouses
5100 Santa Fe Hls NE Blvd Rio Rancho, NM 87144-8733
Entity Owned
6-yr Hold
Property ID
US61-1421906
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
19,426 SF
Lot
3.87 ac (168,577 SF)
APN
1-017-075-112-363
UPID
US61-1421906
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
$2.31M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.09M
Owner & transaction history
Storage Plus LLC · 6 yrs held
Storage Plus LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+124.3%
Apartment house (5+ units)
$2.1M
+75.3%
Restaurant
$2.0M
+66.0%
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 Rio Rancho submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Rancho 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%
$2,500,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,675,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,090,000
Change: +75% · Conversion: Difficult
RESTAURANT
$1,980,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,825,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$1,650,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,625,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$107 / 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
$71,939
Tax year 2023
Assessed value
$1,731,904
Assessed 2024
Previous assessed
$1,220,537
+41.9% YoY
Effective rate
4.15%
On assessed value
Assessed land
$738,741
Assessed improvement
$993,163
Land market value
$2,216,222
Improvement market value
$2,979,488
Total market value
$5,195,710
Applied tax rate
510.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Buildings
6
Stories
1
Total area
19,426 SF
Lot
3.87 ac (168,577 SF)
APN
1-017-075-112-363
UPID
US61-1421906
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)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2021
Heating
NONE
Stories
1
Buildings
6
Lot
3.87 ac
Current owner
From public records · entity-resolved
Storage Plus LLC
Entity
Mailing address
5100 SANTA FE HLS BLVD NE, RIO RANCHO, NM 87144-8733
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Aug 5, 2020
—
Storage Plus LLC
Richie F Ashburn
Warranty Deed
$1,684,100 · Western Bank Of Clovis
Mar 24, 2014
—
Ashburn Living Trust
Storage & LLC
Quit Claim Deed
related
—
Mar 5, 2008
—
Storage & LLC
Ashburn,richie F & June R
Grant Deed
$2,680,000 · Bankfirst
—
—
Storage & LLC
—
Deed Of Trust
related
$2,075,000 · Western Bk/clovis
—
—
Avatar Recoveries LLC
—
Deed Of Trust
related
$1,275,000 · Mainbank
—
—
Storage & LLC
—
Deed Of Trust
related
$2,680,000 · Bankfirst
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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