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Property profile & analytics
FOR LEASE
Warehouses
9100 2Nd St NW Albuquerque, NM 87114
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US61-0809228
For Lease
1 / 15
$24 SF/Yr
9100 2Nd St NW, Albuquerque, NM 87114
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Property summary
AI-generated overview
This exceptional 7,500-square-foot office building in Albuquerque's North Valley submarket presents a unique opportunity. Located at 9100 2nd St NW, this property offers flexible space ideal for executive or medical offices. The building is available entirely (7,500 sq ft) or divisible to a minimum of 3,900 sq ft. Situated on a 0.89-acre lot zoned C-2, it boasts ample parking and a prime location between Paseo Del Norte and Alameda Blvd, providing convenient access to both the east and west sides of the city via nearby river crossings. This built-to-suit opportunity allows for a modern, ergonomic design prioritizing comfort and productivity. The property's central location and limited supply of new office inventory make this a highly desirable investment. The building will be constructed to meet the needs of one or multiple tenants. This is a rare chance to secure a new, high-quality office space in a thriving Albuquerque neighborhood.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
15,824 SF
Lot
2.87 ac (124,843 SF)
APN
1-016-064-203-343-2-05-13
UPID
US61-0809228
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
-
Red Shovel Landscape Landscaping General Contractor
-
Trinity Construction Construction Company
-
ABQ Tree Removal Co Landscaping General Contractor
-
Christmas Decor by Red Shovel Landscape Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.57M
Owner & transaction history
North 2nd Street LLC · 4 yrs held
North 2nd Street LLC
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+29.9%
Apartment house (5+ units)
$1.7M
+15.7%
Office building
$1.6M
+9.3%
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%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,475,000
Current use
COMMERCIAL (GENERAL)
$1,915,000
Change: +30% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,705,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$1,610,000
Change: +9% · Conversion: Difficult
RESTAURANT
$1,295,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$99 / 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
$19,165
Tax year 2023
Assessed value
$437,657
Assessed 2023
Previous assessed
$409,026
+7.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$152,495
Assessed improvement
$285,162
Land market value
$457,532
Improvement market value
$855,572
Total market value
$1,313,104
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 Lease
Year built
2019
Heating
NONE
Total area
15,824 SF
Lot
2.87 ac (124,843 SF)
APN
1-016-064-203-343-2-05-13
UPID
US61-0809228
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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
2019
Heating
NONE
Lot
2.87 ac
Current owner
From public records · entity-resolved
North 2nd Street LLC
Entity
Mailing address
PO BOX 10837, ALBUQUERQUE, NM 87184-0837
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
North 2nd Street LLC
—
Deed
related
$2,600,000 · Us Eagle FCU
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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