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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Retail space
7900 Carmel NE Ave Albuquerque, NM 87122-2992
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US61-0302821
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
9,636 SF
Lot
0.89 ac (38,768 SF)
APN
1-019-064-320-087-4-02-29
UPID
US61-0302821
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
-
Snap Fitness ABQ Carmel Gym & Fitness Center
-
IT DIMSUM Restaurant
-
The Bark Factory Pet Grooming Service
-
Lucky Nails & Spa Nail Salon
-
Magic Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.23M
Owner & transaction history
Green Chue Properties LLC · 4 yrs held
Green Chue Properties LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+64.6%
Apartment house (5+ units)
$1.0M
+28.6%
Restaurant
$985,000
+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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$805,000
Current use
COMMERCIAL (GENERAL)
$1,330,000
Change: +65% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,040,000
Change: +29% · Conversion: Difficult
RESTAURANT
$985,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$905,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$127 / 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
$15,389
Tax year 2023
Assessed value
$320,755
Assessed 2023
Previous assessed
$294,271
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$159,742
Assessed improvement
$161,013
Land market value
$479,273
Improvement market value
$483,088
Total market value
$962,361
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Heating
NONE
Units
1
Total area
9,636 SF
Lot
0.89 ac (38,768 SF)
APN
1-019-064-320-087-4-02-29
UPID
US61-0302821
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
RETAIL STORES Current
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
RESTAURANT
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$905,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Green Chue Properties LLC
Entity
Mailing address
20 SHANNON LN, COS COB, CT 06807-1115
Ownership since
2021
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
Aug 12, 2021
—
Green Chue Properties LLC
Khl Real Estate LLC
Special Warranty Deed
$1,000,000 · Sandia Area FCU
Mar 8, 2021
—
Khl Real Estate LLC
—
Deed
related
$10,000 · Sandia Area FCU
Jun 9, 2008
—
Khl Real Estate LLC
Khl
Quit Claim Deed
related
$1,618,420 · First Community Bank
May 11, 2007
—
Khl
—
Grant Deed
related
$3,400,000 · High Desert State 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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