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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Strip malls
5600 Mcleod NE Rd Albuquerque, NM 87109-2453
Entity Owned
Free & Clear
Property ID
US61-0086650
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
44,000 SF
Lot
2.3 ac (100,188 SF)
APN
1-018-061-090-267-3-02-28
UPID
US61-0086650
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
-
Plunkett's Pest Control Garden Center
-
Artistic Upholstery LLC Furniture & Home Goods
-
SAN MATEO COMMERCIAL CENTER Business Service Center Corporate Office
-
Legendary Dental Arts Dental Office
-
LP Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$930k
Owner & transaction history
5600 Mcleod LLC
5600 Mcleod LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$21 / 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
$32,405
Tax year 2023
Assessed value
$675,442
Assessed 2023
Previous assessed
$619,672
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$212,202
Assessed improvement
$463,240
Land market value
$636,669
Improvement market value
$1,389,859
Total market value
$2,026,528
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1974
Heating
NONE
Total area
44,000 SF
Lot
2.3 ac (100,188 SF)
APN
1-018-061-090-267-3-02-28
UPID
US61-0086650
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1974
Heating
NONE
Lot
2.3 ac
Current owner
From public records · entity-resolved
5600 Mcleod LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5600 MCLEOD RD NE STE B, ALBUQUERQUE, NM 87109-2484
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
—
5600 Mcleod LLC
Ahj Capital LLC
Special Warranty Deed
—
Sep 4, 2025
—
Dd And G Rental Enterprises LLC
Grace L Aragon
Quitclaim Deed
related
—
Sep 7, 2023
—
Galaviz Properties LLC
Michael L Galaviz
Intrafamily Transfer
related
—
Jan 15, 2021
—
Ahj Capital LLC
—
Deed
related
$600,000 · Bbva USA
Oct 22, 2019
—
Paul Chavez
Frontier Holdings LLC
Warranty Deed
related
—
Feb 28, 2019
—
Gonzales Real Estate Holdings LLC
Randall W Canfield
Special Warranty Deed
$325,200 · Us Bank NA
Apr 17, 2018
—
Michele R Schiffer
—
Deed
related
$153,830 · Nusenda Fed'l Credit
Mar 17, 2017
—
Frontier Holdings LLC
—
Deed
related
$120,000 · Los Alamos Nat'l Bk
Apr 10, 2013
—
Michele R Schiffer
David A Genrich
Warranty Deed
$123,057 · New Mexico Educators FCU
Mar 31, 2008
—
Shawn M Reynolds
Ahj Capital LLC
Grant Deed
$139,000 · First Community Bank
Jan 16, 2007
—
Gltg Enterprises LLC
Ahj Capital LLC
Special Warranty Deed
$134,400 · Wells Fargo Bank NA
Jun 30, 2006
—
Ahj Capital LLC
Mcleod Associates
Deed Of Trust
$1,875,000 · Compass Bank
—
—
Frontier Holdings LLC
—
Deed Of Trust
related
$120,000 · Los Alamos Nat'l Bk
—
—
Michele R Schiffer
—
Loan Modification
related
$153,830 · Nusenda Fed'l Credit
—
—
Ahj Capital LLC
—
Deed Of Trust
related
$2,000,000 · Compass Bank
—
—
Ahj Capital LLC
—
Deed Of Trust
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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