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    517 Gold Ave SW Albuquerque, NM 87102

    For Sale
    $15,000,000

    Eight-story high-rise with redevelopment potential in Albuquerque.

    Property size:
    244,800 SF
    Lot size:
    0.64 Acres

    Property Features for 517 Gold Ave SW

    General Information

    Size
    244,800 SF
    Lot size
    0.64 Acres

    Source: Realty One of New Mexico dba R1 Commercial Agent Trey Whaley

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

    Overview

    High-Rise Redevelopment Opportunity

    This eight-story high-rise presents a redevelopment opportunity. The first two floors were converted into 60 apartment units in 2017. Floors three through seven are shell floors, ready to be built into an additional 150 units. The property includes four elevators. Plans for converting the basement into parking are in the works. The property has a size of 244800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Food & Drug ... Government Office US General Services ... County Government Office United States Government Federal Government Office US Forest Services ... Fire Station US Forest Services ... Federal Government Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.6535918
    Latitude
    35.0840554

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    FAQs

    What type of property is this?
    Apartment building - Eight-story high-rise with redevelopment potential in Albuquerque.
    Where is this apartment building located?
    The property is located at 517 Gold Ave SW Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - Seller financing available.; - High-rise redevelopment opportunity with **significant unit potential (150 units ready to be built).**; - First two floors already converted into **60 apartment units.**
    (505) 269-1824
    Request Owner's contact information
    517 Gold Ave SW Albuquerque, NM 87102
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    Realmo Value Estimation

    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.

    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.

    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
    517 Gold Ave SW Albuquerque, NM 87102
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