New search
Property profile & analytics
FOR SALE
Retail space
585 Osuna Rd NE, Albuquerque, NM 87113
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US61-0250335
For Sale
1 / 6
$2,800,000
585 Osuna Rd NE, Albuquerque, NM 87113
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
9,930 SF
Lot
1.23 ac (53,361 SF)
APN
1-016-062-118-215-3-10-38
UPID
US61-0250335
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
-
Volcanic Training Gym & Fitness Center
-
Subway Take-out & Catering
-
Amadeo's Pizza & Subs Restaurant
-
Home Instead Home Help Home Help Service Agency
-
Mary Martinez Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mgm Dev LLC · 11 yrs held
Mgm Dev LLC
since 2014
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$29,553
Tax year 2023
Assessed value
$394,795
Assessed 2023
Previous assessed
$363,197
+8.7% YoY
Effective rate
7.49%
On assessed value
Assessed land
$97,364
Assessed improvement
$297,431
Land market value
$292,120
Improvement market value
$892,383
Total market value
$1,184,503
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2009
Heating
NONE
Units
1
Total area
9,930 SF
Lot
1.23 ac (53,361 SF)
APN
1-016-062-118-215-3-10-38
UPID
US61-0250335
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
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Mgm Dev LLC
Entity
Mailing address
585 OSUNA RD NE, ALBUQUERQUE, NM 87113-1084
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2017
—
Mgm Dev LLC
—
Trustees Deed
related
$965,700 · Bank Of The West
Jul 23, 2014
—
Mgm Dev LLC
Osuna Dev LLC
Warranty Deed
$1,462,000 · Bank Of The West
Feb 6, 2009
—
Osuna Dev LLC
Leeper,arthur & Ella
Warranty Deed
—
Sep 18, 2006
—
Arthur Leeper
Diethorn,michael R
Grant Deed
related
—
—
—
Osuna Dev Co LLC
—
Deed Of Trust
related
$850,000 · Bank Of The West
—
—
Osuna Dev Co 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
