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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Day care centers
5212 Homestead NE Rd Albuquerque, NM 87110-1290
Entity Owned
12-yr Hold
Free & Clear
Property ID
US61-0049804
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1988
Total area
8,838 SF
Lot
0.96 ac (41,687 SF)
APN
1-018-060-030-441-2-10-72
UPID
US61-0049804
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
-
La Petite Academy on Homestead NE Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$510k
Owner & transaction history
National Retail Properties LP · 12 yrs held
National Retail Properties LP
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$835,000
+43.6%
Auto repair, garage
$780,000
+34.3%
Retail stores
$670,000
+15.0%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$580,000
Current use
RESTAURANT
$835,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$620,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$515,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$58 / 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
$11,139
Tax year 2023
Assessed value
$232,183
Assessed 2023
Previous assessed
$213,012
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$112,404
Assessed improvement
$119,779
Land market value
$337,246
Improvement market value
$359,373
Total market value
$696,619
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1988
Heating
NONE
Units
1
Total area
8,838 SF
Lot
0.96 ac (41,687 SF)
APN
1-018-060-030-441-2-10-72
UPID
US61-0049804
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$580,000
RESTAURANT
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$620,000
OFFICE BUILDING
Est. value
$620,000
MEDICAL BUILDING
Est. value
$515,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1988
Heating
NONE
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 12 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2014
—
National Retail Properties LP
Brauvin Net Capital LLC
Grant Deed
—
Mar 30, 2007
—
Brauvin Net Capital LLC
Bbr Realty Partners
Grant Deed
—
Jun 14, 2006
—
Bbr Realty Partners
—
Trustees Deed
related
$1,750,000 · Bank Of America
—
—
Bbr Realty Partners
—
Deed Of Trust
related
$1,750,000 · Bank Of America
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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