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Property profile & analytics
OFF-MARKET
Estimated value
$7,050,000
Grocery and convenience stores
7800 Enchanted Hls NE Blvd, Rio Rancho, NM 87144-8623
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-1395158
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
57,960 SF
Lot
5.28 ac (229,997 SF)
APN
1-018-074-226-150
UPID
US61-1395158
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
by Request
Comparable Approach
Comparable
$7.45M
Blend (final)
Blend
$7.05M
Owner & transaction history
Realty Income Props 17 LLC · 9 yrs held
Realty Income Props 17 LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+64.6%
Apartment house (5+ units)
$6.2M
+28.6%
Restaurant
$5.9M
+21.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,855,000
Current use
COMMERCIAL (GENERAL)
$7,985,000
Change: +65% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,245,000
Change: +29% · Conversion: Difficult
RESTAURANT
$5,915,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,445,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$4,930,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$7.05M
Range $6.35M – $7.76M · ±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
$122 / 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
$133,507
Tax year 2023
Assessed value
$3,206,228
Assessed 2024
Previous assessed
$2,412,131
+32.9% YoY
Effective rate
4.16%
On assessed value
Assessed land
$1,008,342
Assessed improvement
$2,197,886
Land market value
$3,025,026
Improvement market value
$6,593,659
Total market value
$9,618,685
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
57,960 SF
Lot
5.28 ac (229,997 SF)
APN
1-018-074-226-150
UPID
US61-1395158
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
RETAIL STORES Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
RESTAURANT
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2001
Heating
NONE
Stories
1
Lot
5.28 ac
Current owner
From public records · entity-resolved
Realty Income Props 17 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Mar 30, 2017
—
Realty Income Props 17 LLC
International Food Svc Holding
Grant Deed
related
—
Jan 12, 2017
—
International Food Services Holding
—
Deed
related
$1,500,000 · Wells Fargo Bank NA
Sep 1, 2016
—
International Food Service Holdings
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
—
—
Valentine Capital LLC
—
Deed Of Trust
related
—
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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