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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Manufacturing properties
850 Hl Rd, Bernalillo, NM 87004-9074
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US61-1375068
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Total area
24,287 SF
Lot
205.79 ac (8,964,213 SF)
APN
1-020-072-375-376
UPID
US61-1375068
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
$1.54M
Blend (final)
Blend
$1.52M
Owner & transaction history
Rock Restoration LLC · 11 yrs held
Rock Restoration LLC
since 2015
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 Bernalillo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bernalillo 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
INDUSTRIAL (GENERAL)
$2,495,000
Current use
AUTO REPAIR, GARAGE
$2,485,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$62 / 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
$18,952
Tax year 2023
Assessed value
$567,069
Assessed 2024
Previous assessed
$119,346
+375.1% YoY
Effective rate
3.34%
On assessed value
Assessed land
$143,726
Assessed improvement
$423,343
Land market value
$431,179
Improvement market value
$1,270,028
Total market value
$1,701,207
Applied tax rate
101.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
24,287 SF
Lot
205.79 ac (8,964,213 SF)
APN
1-020-072-375-376
UPID
US61-1375068
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
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
1971
Heating
NONE
Stories
1
Lot
205.79 ac
Current owner
From public records · entity-resolved
Rock Restoration LLC
Entity
Mailing address
850 S HL RD, BERNALILLO, NM 87004-9074
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
South Hill Investments LLC
—
Deed
related
$1,220,000 · Western Alliance Bank
May 13, 2019
—
Rock Restoration LLC
—
Deed
related
$527,000 · First Savings Bank
Jun 17, 2015
—
Rock Restoration LLC
Sa Group Properties INC
Quit Claim Deed
related
$350,000 · Mcleod Don W Trust (pt)
Nov 1, 2012
—
Sa Group Properties INC
Special Master Of Sandoval Cnty
Trustees Deed
related
—
Feb 15, 2008
—
Coe Properties INC
Coe & Peterson LLC
Quit Claim Deed
related
$1,322,730 · First Community Bank
Mar 2, 2007
$850,000
Coe & Peterson LLC
850 South Hill Road LLC
Grant Deed
—
Mar 2, 2007
—
850 South Hill Road LLC
Richfield 31 LLC
Warranty Deed
related
—
—
—
Coe Properties INC
—
Deed Of Trust
related
—
—
—
Coe & Peterson LLC
—
Deed Of Trust
related
—
—
—
Coe Properties INC
—
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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