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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
High-rise multifamily apartments
5600 Gibson SE Blvd Albuquerque, NM 87108-4840
Entity Owned
7-yr Hold
Property ID
US61-0113414
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1977
Total area
6,941 SF
Lot
8.84 ac (385,070 SF)
APN
1-018-055-228-493-2-01-25
UPID
US61-0113414
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
-
The Pearl at Spring Creek Apartment Building Apartment Complex
-
Cherry Pit Training & PTSD K-9s Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.00M
Owner & transaction history
Pearl Spring Creek LLC · 7 yrs held
Pearl Spring Creek LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+81.0%
Restaurant
$840,000
+10.8%
Auto repair, garage
$770,000
+1.3%
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%
$975,000
6.5%
$900,000
7%
$840,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
COMMERCIAL (GENERAL)
$1,375,000
Change: +81% · Conversion: Moderate
RESTAURANT
$840,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$144 / 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
$157,647
Tax year 2023
Assessed value
$3,689,125
Assessed 2023
Previous assessed
$3,581,675
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$727,073
Assessed improvement
$2,962,052
Land market value
$2,181,437
Improvement market value
$8,887,046
Total market value
$11,068,483
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1977
Heating
NONE
Total area
6,941 SF
Lot
8.84 ac (385,070 SF)
APN
1-018-055-228-493-2-01-25
UPID
US61-0113414
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
$760,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES
Est. value
$750,000
OFFICE BUILDING
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE 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
1977
Heating
NONE
Lot
8.84 ac
Current owner
From public records · entity-resolved
Pearl Spring Creek LLC
Entity
Mailing address
5600 GIBSON BLVD SE, ALBUQUERQUE, NM 87108-4840
Ownership since
2018
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
Dec 19, 2018
—
Pearl Spring Creek LLC
Village Creek Pearl LLC
Special Warranty Deed
$16,100,000 · Berkadia Commercial Mortgage LLC
Oct 24, 2018
—
David K Shorw
White,barbara A
Warranty Deed
related
—
Feb 14, 2013
—
Village Creek Pearl LLC
Spring Creek Apartments LLC
Warranty Deed
$13,944,000 · Keycorp R/e Cap Mktg
Mar 13, 2007
—
Spring Creek Apartments LLC
Lake & Racquet Apartments LP
Special Warranty Deed
—
—
—
Anderson,robert E Living Trust
—
Deed Of Trust
related
—
—
—
Lake Apartments
—
Deed Of Trust
related
$8,500,000 · Keycorp R E Capital Marketing
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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