Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5111 Wilshire Ave NE Albuquerque, NM 87113

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,900 /Mo

    Vacant land available for rent in North I-25 Corridor.

    Lot size:
    0.98 Acres

    Property Features for 5111 Wilshire Ave NE

    General Information

    Lot size
    0.98 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Carl Grending, Ccim
    Source: Svn

    Listing Agent: Carl Grending, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vacant Land North I-25 Corridor

    Vacant land is available for rent in the North I-25 Corridor. The property is situated between two industrial buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Silver Star Auto ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.5876356
    Latitude
    35.1821581

    Nearby Similar for Lease

    • New
      $3,800 /Mo
      8,712 SF

      Albuquerque Office/Retail Space Available

      Well-located office/retail building with functional layout and attractive finishes.
      11920 Candelaria Rd NE, Albuquerque, NM 87112
      View Details
    • $1,290 /Mo
      8,712 SF

      Renovated Office Suite For Lease

      Refurbished office suite in NE Heights neighborhood available for lease.
      10832 Prospect Ave NE, Albuquerque, NM 87112
      View Details
    • $1,750 /Mo
      20,909 SF

      Albuquerque Commercial Unit For Lease

      Functional office and warehouse space available for immediate occupancy.
      100 Mountain Park Pl, Albuquerque, NM 87114
      View Details
    • $500 /Mo
      6,534 SF

      Albuquerque Office Space For Rent

      Spacious office suite with city views in iconic building.
      900 Park Ave SW, Albuquerque, NM 87102
      View Details
    • $1,150 /Mo
      17,860 SF

      Albuquerque Office Space For Rent

      Private corner office space available in Albuquerque, New Mexico.
      1101 Cardenas Dr NE, Albuquerque, NM 87110
      View Details
    • $975 /Mo
      69,696 SF

      Retail Space in Los Ranchos

      Move-in ready retail spaces in walkable Los Ranchos location.
      350 Osuna Rd NW, Los Ranchos, NM 87107
      View Details
    • $575 /Mo
      17,860 SF

      Office Space in Albuquerque, NM

      Office space available for rent in Albuquerque, New Mexico.
      1101 Cardenas Dr NE, Albuquerque, NM 87110
      View Details
    • $450 /Mo
      31,363 SF

      Affordable Office Suite For Rent

      One-room office suite available for rent with utilities included.
      6300 Montano Rd NW, Albuquerque, NM 87120
      View Details
    • $15 SF/Yr
      36,590 SF

      Albuquerque Office Space Available

      Office space for rent in Albuquerque, New Mexico.
      6201 Hanover Rd NW, Albuquerque, NM 87121
      View Details
    • $1,695 /Mo
      6,970 SF

      Adaptable Commercial Space in Albuquerque

      Versatile 1,761 sq. ft. commercial space for rent.
      1601 San Pedro Dr NE, Albuquerque, NM 87110
      View Details
    • $1,785 /Mo
      3,049 SF

      Office Space in Albuquerque, NM

      Move-in ready office suites available for lease in Albuquerque.
      3007 Louisiana Blvd NE, Albuquerque, NM 87110
      View Details
    • $2,000 /Mo
      33,977 SF

      Albuquerque Commercial Property For Rent

      High-traffic commercial property suitable for retail, automotive, or storage.
      9612 Central Ave SE, Albuquerque, NM 87123
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land available for rent in North I-25 Corridor.
    Where is this land located?
    The property is located at 5111 Wilshire Ave NE Albuquerque, NM.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: - Vacant land ready for your vision; - Located in the sought-after North I-25 Corridor; - Situated between two industrial buildings
    (971) 533-3000
    Request Owner's contact information
    5111 Wilshire Ave NE Albuquerque, NM 87113
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5111 Wilshire Ave NE
    Albuquerque, NM 87113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5111 Wilshire Ave NE Albuquerque, NM 87113
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carl Grending, Ccim
    Real Estate License ID: #19063
    (971) 533-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!