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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Warehouses
6500 Hanover NW Rd Albuquerque, NM 87121-1210
Trust Owned
Absentee Owner
Free & Clear
Property ID
US61-0259858
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
20,436 SF
Lot
5 ac (217,756 SF)
APN
1-010-058-460-456-1-05-03
UPID
US61-0259858
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
-
Dance in Motion Training Center
-
House of Mercy/Casa de Misercordia ABQ Church Mosque
-
Empire Graphics ABQ (Bike/Boat/Book/etc) Store
-
Divine Heritage Association Inc Association Or Organization
-
Hanover Studios Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.10M
Owner & transaction history
Matheu Family Living Trust
Matheu Family Living Trust
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+30.2%
Commercial (general)
$2.2M
+27.5%
Restaurant
$2.1M
+26.2%
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%
$2,475,000
6.5%
$2,285,000
7%
$2,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,200,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,155,000
Change: +27% · Conversion: Difficult
RESTAURANT
$2,135,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,805,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$1,740,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$1,490,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±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
$103 / 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
$27,279
Tax year 2023
Assessed value
$568,606
Assessed 2023
Previous assessed
$597,573
-4.8% YoY
Effective rate
4.80%
On assessed value
Assessed land
$116,511
Assessed improvement
$452,095
Land market value
$349,569
Improvement market value
$1,356,421
Total market value
$1,705,990
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
2009
Heating
NONE
Units
1
Total area
20,436 SF
Lot
5 ac (217,756 SF)
APN
1-010-058-460-456-1-05-03
UPID
US61-0259858
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
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
Matheu Family Living Trust
Trust
Free & Clear · 0 yrs held
Mailing address
1720 LOUISIANA BLVD NE STE #100, ALBUQUERQUE, NM 87110-7069
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Matheu Family Living Trust
Avatar Recoveries LLC
Special Warranty Deed
—
Oct 8, 2020
—
Avatar Recoveries LLC
—
Deed
related
$975,000 · City Bank
May 22, 2013
—
Avatar Recoveries LLC
Hanover Business Park LLC
Warranty Deed
$744,000 · City Bank
—
—
Hanover Business Park LLC
—
Deed Of Trust
related
$514,030 · City Bank Texas
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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