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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
5904 Holly NE Ave Albuquerque, NM 87113-2472
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US61-0297924
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
7,500 SF
Lot
0.89 ac (38,594 SF)
APN
1-018-064-189-016-3-02-07
UPID
US61-0297924
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
-
Victoria Lehrmann Pediatrician Medical Clinic
-
Danielle Casillas Pediatrician Medical Clinic
-
Kathleen Darrigo Pediatrician Medical Clinic
-
Laura Abeyta Pediatrician Medical Clinic
-
Deborah Cox Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$505k
Owner & transaction history
Tripletta LLC · 15 yrs held
Tripletta LLC
since 2010
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$810,000
+102.6%
Restaurant
$765,000
+91.9%
Office building
$490,000
+22.8%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$400,000
Current use
APARTMENT HOUSE (5+ UNITS)
$810,000
Change: +103% · Conversion: Moderate
RESTAURANT
$765,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$320,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$67 / 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
$23,295
Tax year 2023
Assessed value
$485,565
Assessed 2023
Previous assessed
$441,489
+10.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$215,652
Assessed improvement
$269,913
Land market value
$647,020
Improvement market value
$809,820
Total market value
$1,456,840
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Total area
7,500 SF
Lot
0.89 ac (38,594 SF)
APN
1-018-064-189-016-3-02-07
UPID
US61-0297924
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
MEDICAL BUILDING Current
Est. value
$400,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$810,000
RESTAURANT
Est. value
$765,000
OFFICE BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$320,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2011
Heating
NONE
Lot
0.89 ac
Current owner
From public records · entity-resolved
Tripletta LLC
Entity
Mailing address
5904 HOLLY AVE NE, ALBUQUERQUE, NM 87113-2472
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2010
—
Tripletta LLC
Paseo Place LLC
Grant Deed
$1,962,000 · Ironstone Bank
Dec 22, 2005
—
Paseo Place LLC
Jackson,steven
Grant Deed
related
—
Apr 15, 2005
—
Paseo Place LLC
Ckm Development Co INC
Warranty Deed
$3,675,000 · First State Bank Nm
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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