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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Residential income homes
920 Lead SW Ave Albuquerque, NM 87102-3016
Individually Owned
4-yr Hold
Property ID
US61-0198501
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1944
Total area
4,310 SF
Lot
0.32 ac (13,983 SF)
APN
1-013-057-473-346-1-18-15
UPID
US61-0198501
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
$605k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$600k
Owner & transaction history
Kenneth Allen Krause SR. · 4 yrs held
Kenneth Allen Krause SR.
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+69.9%
Office building
$535,000
+28.5%
Auto repair, garage
$470,000
+13.0%
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%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$415,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +70% · Conversion: Moderate
OFFICE BUILDING
$535,000
Change: +29% · Conversion: Moderate
AUTO REPAIR, GARAGE
$470,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$440,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$139 / 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
$8,434
Tax year 2023
Assessed value
$224,845
Assessed 2023
Previous assessed
$133,337
+68.6% YoY
Effective rate
3.75%
On assessed value
Assessed land
$24,998
Assessed improvement
$199,847
Land market value
$75,000
Improvement market value
$599,600
Total market value
$674,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1944
Heating
NONE
Units
4
Total area
4,310 SF
Lot
0.32 ac (13,983 SF)
APN
1-013-057-473-346-1-18-15
UPID
US61-0198501
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$710,000
OFFICE BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$470,000
RETAIL STORES
Est. value
$440,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE 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
1944
Heating
NONE
Units
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kenneth Allen Krause SR.
Individual
Mailing address
2525 CARSON RD NW, ALBUQUERQUE, NM 87104-1903
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Kenneth Allen Krause SR.
Kenneth A Krause
Intrafamily Transfer
related
—
May 21, 2004
—
Kenneth A Krause
Tremaine,nancy M
Grant Deed
related
—
—
—
Nancy M Tremaine
—
Deed Of Trust
related
$5,000 · Bank Of America New Mexico
—
—
Kenneth A Krause
—
Deed Of Trust
related
$294,546 · Los Alamos National Bank
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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