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Property profile & analytics
OFF-MARKET
Estimated value
$19,320,000
Warehouses
550 Industrial Rd Santa Teresa, NM 88008-9591
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0013021
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
367,476 SF
Lot
29.11 ac (1,268,032 SF)
Zoning code
REMOTE-MESA
APN
4-011-167-288-073
UPID
US61-0013021
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
by Request
Comparable Approach
Comparable
$18.51M
Blend (final)
Blend
$19.32M
Owner & transaction history
Bri Westpark II Qozb LP · 4 yrs held
Bri Westpark II Qozb LP
since 2021
1 recorded transaction
Zoning & alternative use
REMOTE-MESA · Santa Teresa, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$32.0M
+112.8%
Apartment house (5+ units)
$31.0M
+106.5%
Commercial (general)
$29.3M
+95.1%
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 Santa Teresa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Teresa 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,020,000
Current use
RETAIL STORES
$31,960,000
Change: +113% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$31,010,000
Change: +106% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,305,000
Change: +95% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,795,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$19.32M
Range $17.39M – $21.25M · ±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
$53 / 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
$220,955
Tax year 2023
Assessed value
$6,617,018
Assessed 2023
Previous assessed
$26
+25,449,969.2% YoY
Effective rate
3.34%
On assessed value
Assessed land
$422,095
Assessed improvement
$6,194,923
Land market value
$1,266,285
Improvement market value
$18,584,768
Total market value
$19,851,053
Applied tax rate
16.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Total area
367,476 SF
Lot
29.11 ac (1,268,032 SF)
Zoning code
REMOTE-MESA
APN
4-011-167-288-073
UPID
US61-0013021
Jurisdiction
DONA ANA
Zoning & alternative use
REMOTE-MESA · Santa Teresa, NMZoning REMOTE-MESA · permitted uses
REMOTE-MESA · Santa Teresa, NM
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
WAREHOUSE, STORAGE Current
Est. value
$15.0M
RETAIL STORES
Est. value
$32.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.0M
COMMERCIAL (GENERAL)
Est. value
$29.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Lot
29.11 ac
Current owner
From public records · entity-resolved
Bri Westpark II Qozb LP
Entity
Free & Clear · 4 yrs held
Mailing address
3300 OAK LAWN AVE STE #412, DALLAS, TX 75219-6417
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
—
Bri Westpark II Qozb LP
Westpark I LLC
Intrafamily Transfer
related
—
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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