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Property profile & analytics
FOR SALE
Warehouses
8612 Paseo Alameda NE Albuquerque, NM 87113
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US61-0294121
For Sale
1 / 63
$795,000
8612 Paseo Alameda NE, Albuquerque, NM 87113
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
12,418 SF
Lot
0.86 ac (37,592 SF)
APN
1-016-064-398-309-1-09-18
UPID
US61-0294121
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
-
Active Electric Inc Electrical Service General Contractor
-
Post-Tension Reinforcing Services General Contractor
-
Apex Structural Contractors Construction Company General Contractor
-
School High School
-
Altitude Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$455k
Blend (final)
Blend
$720k
Owner & transaction history
Jerry Nelson · 2 yrs held
Jerry Nelson
since 2024
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$810,000
+67.8%
Medical building
$660,000
+36.7%
Auto repair, garage
$530,000
+9.9%
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
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$485,000
Current use
OFFICE BUILDING
$810,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: +10% · Conversion: Easy
RETAIL STORES
$525,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $720k (Jun 27 2024)
Last sale anchor
$720k
Jun 27 2024
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
$58 / 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
$11,002
Tax year 2023
Assessed value
$229,314
Assessed 2023
Previous assessed
$229,314
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$76,034
Assessed improvement
$153,280
Land market value
$228,124
Improvement market value
$459,886
Total market value
$688,010
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2000
Heating
NONE
Units
6
Total area
12,418 SF
Lot
0.86 ac (37,592 SF)
APN
1-016-064-398-309-1-09-18
UPID
US61-0294121
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
WAREHOUSE, STORAGE Current
Est. value
$485,000
OFFICE BUILDING
Est. value
$810,000
MEDICAL BUILDING
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$530,000
RETAIL STORES
Est. value
$525,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2000
Heating
NONE
Units
6
Lot
0.86 ac
Current owner
From public records · entity-resolved
Jerry Nelson
Individual
Mailing address
8612 PASEO ALAMEDA RD NE STE C, ALBUQUERQUE, NM 87113-1551
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$720,000
Jerry Nelson
Arnold Sikkink
Land Contract
$420,000 · Not Available
Aug 2, 2023
—
Titan Investments LLC
—
Deed
related
$17,500 · Southwest Capital Bank
Aug 4, 2020
—
Jeffrey S Monka
Jeffrey S Monka
Quit Claim Deed
related
—
Aug 4, 2020
$332,600
Jeffrey S Monka
Rx Holdings LLC
Grant Deed
related
—
Jan 9, 2020
—
Gregg A Chartier
Endeavors International INC
Warranty Deed
related
—
Dec 1, 2017
$240,000
Arnold K Sikkink
Lloyd,philip J & Mary E
Grant Deed
related
—
Dec 29, 2016
—
John W Weaver
Turquoise II Ltd Co
Dual Purpose Document
related
$212,244 · Private Individual
Aug 30, 2007
—
Philip J Lloyd
John A Mulcahy
Warranty Deed
$206,000 · Lehman Brothers Bank Fsb
Jun 26, 2001
—
Edward J Aragon
Turquoise II Ltd Co
Grant Deed
$140,400 · Bank Of Albuquerque
—
—
Philip J Lloyd
—
Deed Of Trust
related
$198,089 · Sunrise Bank Of Albuquerque
—
—
Edward J Aragon
—
Deed Of Trust
related
$114,729 · Bank Of Albuquerque
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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