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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Warehouses
608 General Chennault SE St Albuquerque, NM 87123-3215
Entity Owned
~
Est. High Equity
Property ID
US61-0040250
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
12,540 SF
Lot
1.03 ac (44,997 SF)
APN
1-020-056-196-362-2-03-01
UPID
US61-0040250
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
-
Stage & Effects Engineering, Inc Marketing & Advertising Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$805k
Owner & transaction history
Lti Properties LLC
Lti Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+34.3%
Auto repair, garage
$1.3M
+32.3%
Office building
$1.2M
+17.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$980,000
Current use
RESTAURANT
$1,320,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,300,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$1,150,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,110,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$64 / 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
$7,022
Tax year 2023
Assessed value
$146,361
Assessed 2023
Previous assessed
$136,786
+7.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$39,479
Assessed improvement
$106,882
Land market value
$118,449
Improvement market value
$320,679
Total market value
$439,128
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
1958
Heating
NONE
Total area
12,540 SF
Lot
1.03 ac (44,997 SF)
APN
1-020-056-196-362-2-03-01
UPID
US61-0040250
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
WAREHOUSE, STORAGE Current
Est. value
$980,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1958
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
Lti Properties LLC
Entity
Mailing address
608 GENERAL CHENNAULT ST SE, ALBUQUERQUE, NM 87123-3215
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Lti Properties LLC
South West Effects Group LLC
Warranty Deed
$325,000 · Bay Commercial Bank
May 7, 2008
—
David Greene
Young Equity Partners LLC
Warranty Deed
$562,500 · Wells Fargo Bank NA
Mar 5, 2007
—
Young Equity Partners LLC
Youngs Sylvan K & J W Trust
Quit Claim Deed
related
—
Nov 22, 2006
—
Young Sylvan K & Jane W Trust
Ikes Indoor Storage LLC
Warranty Deed
$500,000 · Bank Of Albuquerque
Jan 9, 2003
—
Ikes Indoor Storage LLC
Eichhorn,john H & Molly J
Grant Deed
related
—
Jun 14, 2002
$425,000
John H Eichhorn
Lopes,anthony S & Valerie Y
—
$345,000 · Anthony S & Valerie Y Lopes
—
—
Layton Drum Of Albuquerque
—
Deed Of Trust
related
$240,000 · First State Bank
—
—
Anthony S Lopes
—
Deed Of Trust
related
$193,176 · First State Bank
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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