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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Automotive properties
9000 Pan American NE Fwy Albuquerque, NM 87113-2471
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US61-0203497
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2009
Total area
38,891 SF
Lot
4.74 ac (206,257 SF)
APN
1-018-064-223-492-2-10-02
UPID
US61-0203497
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
-
Corley's Albuquerque Lincoln Car Dealership
-
Corley's Albuquerque Lincoln Service Auto Repair Shop
-
Corley's Volvo Cars Albuquerque Car Dealership
-
Corley's Albuquerque Lincoln Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.02M
Owner & transaction history
Mike Griego · 20 yrs held
Mike Griego
since 2006
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
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,665,000
Current use
RETAIL STORES
$1,645,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,515,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$26 / 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
$35,283
Tax year 2023
Assessed value
$735,423
Assessed 2023
Previous assessed
$674,699
+9.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$508,035
Assessed improvement
$227,388
Land market value
$1,524,256
Improvement market value
$682,231
Total market value
$2,206,487
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2009
Heating
NONE
Units
1
Total area
38,891 SF
Lot
4.74 ac (206,257 SF)
APN
1-018-064-223-492-2-10-02
UPID
US61-0203497
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
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Units
1
Lot
4.74 ac
Current owner
From public records · entity-resolved
Mike Griego
Individual
Mailing address
9000 PAN AMERICAN FWY NE, ALBUQUERQUE, NM 87113-2471
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
—
JR & SR LLC
—
Deed
related
$4,349,380 · Liberty Cp2 Spv LP
Sep 20, 2019
—
JR & SR LLC
—
Deed
related
$4,349,380 · Liberty Cp2 Spv LP
Dec 4, 2017
—
JR & SR LLC
—
Deed
related
$100,000 · Harbor Community Bank
Jun 5, 2006
—
Mike Griego
Sahd,james F
Grant Deed
related
—
—
—
JR & SR LLC
—
Deed Of Trust
related
$3,920,000 · Enchantment Land Certified Dev
—
—
JR & SR LLC
—
Deed Of Trust
related
$4,349,380 · Liberty Cp2 Spv LP
—
—
JR & SR LLC
—
Deed Of Trust
related
$4,349,380 · Liberty Cp2 Spv LP
—
—
JR & SR LLC
—
Deed Of Trust
related
$3,920,000 · Liberty Cp2 Spv LP
—
—
JR & SR LLC
—
Deed Of Trust
related
$7,300,000 · Ford Motor Credit Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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