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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Flex space
901 64th NW St Albuquerque, NM 87121-1202
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0263114
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Total area
10,800 SF
Lot
5 ac (217,800 SF)
APN
1-010-058-466-416-1-05-05
UPID
US61-0263114
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
-
Rush Truck Leasing - Albuquerque Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$700k
Owner & transaction history
Rush Truck Leasing INC · 3 yrs held
Rush Truck Leasing INC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+112.0%
Commercial (general)
$1.1M
+107.6%
Restaurant
$1.1M
+105.6%
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
INDUSTRIAL (GENERAL)
$550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,165,000
Change: +112% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,140,000
Change: +108% · Conversion: Difficult
RESTAURANT
$1,130,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$920,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$895,000
Change: +63% · Conversion: Easy
RETAIL STORES
$790,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$65 / 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
$14,191
Tax year 2023
Assessed value
$295,789
Assessed 2023
Previous assessed
$276,439
+7.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$188,372
Assessed improvement
$107,417
Land market value
$565,174
Improvement market value
$322,284
Total market value
$887,458
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1982
Heating
NONE
Total area
10,800 SF
Lot
5 ac (217,800 SF)
APN
1-010-058-466-416-1-05-05
UPID
US61-0263114
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
INDUSTRIAL (GENERAL) Current
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$895,000
RETAIL STORES
Est. value
$790,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1982
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
Rush Truck Leasing INC
Entity
Free & Clear · 3 yrs held
Mailing address
555 INTERSTATE 35TH S STE #500, NEW BRAUNFELS, TX 78130-4889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 17, 2023
—
Rush Truck Leasing INC
Carmella Properties LLC
Warranty Deed
—
Nov 13, 2020
—
Carmella Properties LLC
James R Giannelli
Warranty Deed
$10,000 · Nusenda FCU
Jul 16, 2020
—
Giannelli,james & Debora Trust
—
Deed
related
$3,600,000 · Community First Bk Las Vegas
Nov 4, 2013
—
Giannelli,james & Deborah Trust
Namaki Living Trust
Warranty Deed
$1,100,000 · Century Bank
Sep 18, 2007
—
Ldt Trust
Ldt Trust
Quit Claim Deed
related
—
May 29, 2007
—
Tosh Lavonne Andrews Tr
Ldt Trust
Grant Deed
related
—
Mar 23, 2007
—
Namaki Living Trust
Wtp LLC
Grant Deed
related
—
—
—
Giannelli,james & Debora Trust
—
Deed Of Trust
related
$3,600,000 · Community First Bk Las Vegas
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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