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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
9551 Paseo Del Norte NE Albuquerque, NM 87122-2975
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US61-0065593
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2006
Total area
15,068 SF
Lot
1.3 ac (56,759 SF)
APN
1-020-064-503-038-4-21-01
UPID
US61-0065593
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
-
Alexander Photography Photography Service (Bike/Boat/Book/etc) Store
-
Dr. Hoa Tran Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$865k
Owner & transaction history
Geoco Nm Properties LLC · 8 yrs held
Geoco Nm Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+23.7%
Retail stores
$1.3M
+10.2%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,145,000
Current use
AUTO REPAIR, GARAGE
$1,415,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$1,260,000
Change: +10% · Conversion: Moderate
WAREHOUSE, STORAGE
$925,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$57 / 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
$21,960
Tax year 2023
Assessed value
$457,738
Assessed 2023
Previous assessed
$416,125
+10.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$142,986
Assessed improvement
$314,752
Land market value
$429,000
Improvement market value
$944,350
Total market value
$1,373,350
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Units
1
Total area
15,068 SF
Lot
1.3 ac (56,759 SF)
APN
1-020-064-503-038-4-21-01
UPID
US61-0065593
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
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$925,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Units
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Geoco Nm Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7110 WYOMING BLVD NE, ALBUQUERQUE, NM 87109-4867
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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 26, 2018
—
Hvt Properties LLC
—
Trustees Deed
related
$3,150,000 · Sandia Area FCU
Nov 3, 2017
—
Geoco Nm Properties LLC
Paseo Surgery Center LLC
Warranty Deed
related
—
Aug 30, 2013
—
Hvt Properties LLC
Paseo Surgery Center LLC
Warranty Deed
$573,000 · First Citizens Bank & Trust Co
Sep 29, 2011
—
Paseo Surgery Center LLC
—
Trustees Deed
related
$1,955,000 · Ironstone Bank
Aug 23, 2011
—
Paseo Surgery Center LLC
Compass Bk
Grant Deed
$1,955,000 · Ironstone Bank
Sep 28, 2010
—
Bbva Compass Bk
Special Master Of Bernalillo Cnty
Trustees Deed
related
—
Jun 24, 2005
—
Vaughan Equities I LLC
—
Deed Of Trust
related
$1,670,000 · Compass Bank
Sep 30, 2004
—
Vaughan Equities I LLC
Nichol,jeffrey D & Carolyn
Warranty Deed
related
—
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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