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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Hotels
806 Central SE Ave Albuquerque, NM 87102-3606
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US61-0334087
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1926
Total area
38,712 SF
Lot
2.23 ac (97,269 SF)
APN
1-015-057-047-336-2-10-06
UPID
US61-0334087
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
-
Hotel Parq Central Hotel & Motel
-
Apothecary Lounge Bar & Pub Nightclub
-
Oberstein Properties Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.24M
Owner & transaction history
City Of Albuquerque New Mexico · 16 yrs held
City Of Albuquerque New Mexico
since 2009
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
Method
Estimation
Statistic approach
by Request
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,115,000
Current use
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$32 / 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
Assessed value
$1,096,522
Assessed 2023
Previous assessed
$1,015,632
+8.0% YoY
Assessed land
$210,075
Assessed improvement
$886,447
Land market value
$630,288
Improvement market value
$2,659,608
Total market value
$3,289,896
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1926
Heating
NONE
Units
70
Total area
38,712 SF
Lot
2.23 ac (97,269 SF)
APN
1-015-057-047-336-2-10-06
UPID
US61-0334087
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
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
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
1926
Heating
NONE
Units
70
Lot
2.23 ac
Current owner
From public records · entity-resolved
City Of Albuquerque New Mexico
Entity
Mailing address
PO BOX 2248, ALBUQUERQUE, NM 87103-2248
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Memorial Ventures LLC
—
Deed
related
—
Nov 30, 2016
—
Memorial Ventures LLC
—
Deed
related
$11,297,000 · Los Alamos National Bank
Dec 1, 2009
—
City Of Albuquerque New Mexico
Memorial Ventures LLC
Grant Deed
related
—
May 8, 2008
—
Memorial Ventures LLC
—
Deed Of Trust
related
$10,793,535 · Los Alamos National Bank
Sep 2, 2004
—
Memorial,hospital Acquisition
—
Deed Of Trust
related
$25,000,000 · General Electric Capital Corp
Aug 15, 2002
—
Memorial Hospital Acquisition
—
Deed Of Trust
related
$25,000,000 · Ge Capital Corp Trustee
—
—
Memorial Ventures LLC
—
Loan Modification
related
—
—
—
Memorial Ventures LLC
—
Deed Of Trust
related
$1,346,049 · Memorial Ventures Master Tenan
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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