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Property profile & analytics
FOR SALE
Hotels
950 4Th St NW Albuquerque, NM 87102
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US61-0937780
For Sale
1 / 3
$4,500,000
950 4Th St NW, Albuquerque, NM 87102
View Listing →
Property summary
AI-generated overview
This iconic, three-story, 33,312 square foot mixed-use building in Albuquerque's NOLO district presents a compelling investment opportunity. Built in 2014, it sits on a 0.9-acre lot and is subject to a 50-year ground lease with options for an additional 20 years. The property boasts 23 units, currently at 87% occupancy, comprising a mix of one, two, and three-bedroom apartments, some furnished, featuring high-end finishes, full kitchens, washers/dryers, and balconies. Ample secured parking is available. The building includes an exercise center, conference room, business office, on-site laundry, and housekeeping facilities. The 8,000 square foot ground floor, currently vacant, offers significant potential for expansion. Options include adding 11 more residential units (totaling 34), developing executive suites, or establishing a full-service restaurant
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Total area
33,312 SF
Lot
0.9 ac (39,204 SF)
APN
1-014-058-239-229-3-53-12
UPID
US61-0937780
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
-
Anthea @ the Granite Hotel & Motel Vacation Rental
-
Albuquerque Interpersonal Therapy Center Corporate Office
-
HomeBase Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.07M
Owner & transaction history
Nolo Footprint LLC · 4 yrs held
Nolo Footprint LLC
since 2022
1 recorded transaction
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
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$960,000
Current use
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$32 / 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
$44,766
Tax year 2023
Assessed value
$809,371
Assessed 2023
Previous assessed
$749,419
+8.0% YoY
Effective rate
5.53%
On assessed value
Assessed land
$106,225
Assessed improvement
$703,146
Land market value
$318,708
Improvement market value
$2,109,650
Total market value
$2,428,358
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
2015
Heating
NONE
Total area
33,312 SF
Lot
0.9 ac (39,204 SF)
APN
1-014-058-239-229-3-53-12
UPID
US61-0937780
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
HOTEL/MOTEL Current
Est. value
$960,000
HOTEL/MOTEL Current
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
2015
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Nolo Footprint LLC
Entity
Mailing address
3609 CALLE MONTOSA CT NW, ALBUQUERQUE, NM 87120-2371
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Nolo Footprint LLC
—
Deed
related
$3,125,000 · B2g Builders INC
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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