Two-Story 31-Room
For Sale
$3,000,000
1001 Central Ave NE, Albuquerque, NM 87106
Historic Route 66 motel with freeway ramp access, MX-M zoning, and a manager’s residence.
Property Size14,560 SF
Price / SF$206.04
Days on Market363
Property Features for 1001 Central Ave NE
General Information
Standard status
Active
Size
14,560 SF
Property subtype
Hospitality
Zoning
MX-M
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Vacant
Building Details
Year Built
1965
Stories
2
Listing Agency:
Absolute Investment Realty
Listed By:
Rita Cordova · License #50862
(505) 489-8538
Source:
Carnm.resimplifi
Added: Oct 19, 2025
Changed: Oct 3
Last Checked: Oct 14 at 7:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Absolute Investment Realty
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Investment Insights
Based on property information with market context.
Constructed in 1965, this two-story motel contains 14,560 square feet, 31 rooms, and a large manager/owner’s quarters. The property operated continuously through the middle of 2025 and is zoned MX-M. Its motel format and existing room count provide a clearly defined hospitality asset, while the additional residential quarters support on-site management.
The property occupies the intersection of Central Avenue, the Historic Route 66 corridor, and I-25 in Albuquerque, with access to freeway on- and off-ramps. The site is identified as a hard-corner location with approximately 153,500 cars per day. The motel also served as a filming location for scenes in AMC’s Breaking Bad.
The property occupies the intersection of Central Avenue, the Historic Route 66 corridor, and I-25 in Albuquerque, with access to freeway on- and off-ramps. The site is identified as a hard-corner location with approximately 153,500 cars per day. The motel also served as a filming location for scenes in AMC’s Breaking Bad.
Key Highlights
- 31‑room motel with large manager/owner’s quarters
- 14,560‑square‑foot, two‑story building constructed in 1965
- MX‑M zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,640
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,800
$1.8M
Cap Rate 7%
$1,252,000
$1.3M
Cap Rate 9%
$973,778
$973.8K
Market Conditions
NOI Build-Up for 14,560 SF
Gross rent
$209.7K $14.40/SF
− Vacancy
−$25.2K −$1.73/SF
EGI
$184.5K $12.67/SF
− OpEx
−$96.9K −$6.65/SF
NOI
$87.6K $6.02/SF
Area
Albuquerque, NM
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,800
Cap Rate 7%
$1,252,000
Cap Rate 9%
$973,778
Alternative Uses
Best Use
Hotel Hospitality
$1.25M
$1.10M – $1.46M
NOI $87,640 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,565 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,076
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- The Yards — 777 1st st sw, albuquerque, nm 87102
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- Empower All — 102 Gold Ave SW, Albuquerque, NM 87102
- Hilton Garden Inn Albuquerque Downtown — 222 Central Ave SE, Albuquerque, NM 87102
- Hotel Parq Central — 806 Central Ave SE, Albuquerque, NM 87102
Frequently Asked Questions
What type of property is this?
Motel - Historic Route 66 motel with freeway ramp access, MX-M zoning, and a manager’s residence.
Where is this motel located?
The property is located at 1001 Central Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 31‑room motel with large manager/owner’s quarters; 14,560‑square‑foot, two‑story building constructed in 1965; MX‑M zoning
