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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
High-rise multifamily apartments
7000 Phoenix NE Ave Albuquerque, NM 87110-3568
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US61-0163209
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1976
Total area
86,674 SF
Lot
2.63 ac (114,737 SF)
APN
1-019-059-082-309-2-03-08
UPID
US61-0163209
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
-
Uptown Square Apartment Complex
-
Gerard Kuyk Apartment Building
-
Mintz InfoTech, Inc. IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Hicap Uptown Square LLC · 7 yrs held
Hicap Uptown Square LLC
since 2018
4 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
$24 / 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
$79,668
Tax year 2023
Assessed value
$1,864,310
Assessed 2023
Previous assessed
$1,810,009
+3.0% YoY
Effective rate
4.27%
On assessed value
Assessed land
$307,984
Assessed improvement
$1,556,326
Land market value
$924,043
Improvement market value
$4,669,445
Total market value
$5,593,488
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1976
Heating
NONE
Units
67
Total area
86,674 SF
Lot
2.63 ac (114,737 SF)
APN
1-019-059-082-309-2-03-08
UPID
US61-0163209
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
1976
Heating
NONE
Units
67
Lot
2.63 ac
Current owner
From public records · entity-resolved
Hicap Uptown Square LLC
Entity
Mailing address
3777 INDEPENDENCE AVE APT 3F, BRONX, NY 10463-1412
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2018
—
Hicap Uptown Square LLC
Uptown Square Apartments LLC
Special Warranty Deed
$10,346,000 · Prudential Multifamily Mortgage LLC
Apr 25, 2008
—
Uptown Square Apartments LLC
Phoenix Square Associates Ltd
Special Warranty Deed
—
Nov 3, 1995
—
Phoenix Square Associates
Midtree Associates LP
Grant Deed
$4,200,000 · Secore Financial Corporation
—
—
Uptown Square Apartments LLC
—
Deed Of Trust
related
$9,103,100 · Greystone Funding Corp
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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