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Property profile & analytics
OFF-MARKET
Retail space
6531 Paradise NW Blvd, Albuquerque, NM 87114-6075
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US61-0133702
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
5,841 SF
Lot
0.72 ac (31,189 SF)
APN
1-010-065-054-141-3-07-06
UPID
US61-0133702
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
-
Paradise Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
The Tap Bar & Pub Restaurant
-
CrudeLab coffee Cafe & Coffee Shop
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
6531 Paradise LLC · 8 yrs held
6531 Paradise LLC
since 2018
7 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
$7,434
Tax year 2023
Assessed value
$154,946
Assessed 2023
Previous assessed
$140,553
+10.2% YoY
Effective rate
4.80%
On assessed value
Assessed land
$52,569
Assessed improvement
$102,377
Land market value
$157,723
Improvement market value
$307,162
Total market value
$464,885
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
Off-Market
Year built
2011
Heating
NONE
Total area
5,841 SF
Lot
0.72 ac (31,189 SF)
APN
1-010-065-054-141-3-07-06
UPID
US61-0133702
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
2011
Heating
NONE
Lot
0.72 ac
Current owner
From public records · entity-resolved
6531 Paradise LLC
Entity
Mailing address
6531 PARADISE BLVD NW, ALBUQUERQUE, NM 87114-6075
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2018
—
6531 Paradise LLC
Glassman Charitable LLC
Warranty Deed
$1,402,500 · Bank Of West
Mar 22, 2018
—
Glassman Charitable LLC
Glassman,richard & Lucy
Quit Claim Deed
related
—
Feb 19, 2014
—
Richard S Glassman
Park Inv
Grant Deed
related
—
Apr 22, 2010
—
Park Investment LLC
Paradise & Universe Invs LLC
Warranty Deed
$864,000 · Los Alamos National Bank
Jan 13, 2009
$550,000
Paradise & Universe Invs LLC
Krause,kenneth A
Grant Deed
—
May 30, 2008
—
Kenneth A Krause
Grady Rentals LLC
Warranty Deed
$337,500 · First Community Bank
—
—
Alvarado Dev LLC
—
Deed Of Trust
related
$69,272,417 · Citicorp Leasing INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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