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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Distribution centers
6085 Zenith NE Ct, Rio Rancho, NM 87144-6424
Entity Owned
Free & Clear
Property ID
US61-1395232
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Total area
11,980 SF
Lot
1.22 ac (53,143 SF)
APN
1-016-071-202-038
UPID
US61-1395232
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.21M
Owner & transaction history
Eaf Rio Rancho LLC
Eaf Rio Rancho LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+124.3%
Apartment house (5+ units)
$1.3M
+75.3%
Restaurant
$1.2M
+66.0%
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 Rio Rancho submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Rancho 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%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$735,000
Current use
COMMERCIAL (GENERAL)
$1,650,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,290,000
Change: +75% · Conversion: Difficult
RESTAURANT
$1,220,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,125,000
Change: +53% · Conversion: Easy
OFFICE BUILDING
$1,020,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$101 / 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
$26,923
Tax year 2023
Assessed value
$646,569
Assessed 2024
Previous assessed
$538,164
+20.1% YoY
Effective rate
4.16%
On assessed value
Assessed land
$85,137
Assessed improvement
$561,432
Land market value
$255,411
Improvement market value
$1,684,297
Total market value
$1,939,708
Applied tax rate
510.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
2
Stories
1
Total area
11,980 SF
Lot
1.22 ac (53,143 SF)
APN
1-016-071-202-038
UPID
US61-1395232
Jurisdiction
SANDOVAL
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
$735,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
NONE
Stories
1
Buildings
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Eaf Rio Rancho LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11905 SAN FRANCISCO RD NE, ALBUQUERQUE, NM 87122-2329
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
—
Eaf Rio Rancho LLC
Donald W Anderson & Judith Ann Ande
Special Warranty Deed
—
Apr 17, 2015
—
Anderson,donald W & J A Trust
Anderson Donald W & Judith A
Quit Claim Deed
related
—
Oct 11, 2005
—
Donald W Anderson
—
Trustees Deed
related
$925,812 · Wells Fargo Bank
—
—
Donald W Anderson
—
Deed Of Trust
related
$100,000 · Wells Fargo 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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