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    5715 Central Ave NE Albuquerque, NM 87105

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    For Sale
    $998,000

    30-door motel with recent renovations, development potential.

    Property size:
    9,087 SF
    Lot size:
    0.55 Acres

    Property Features for 5715 Central Ave NE

    General Information

    Size
    9,087 SF
    Lot size
    0.55 Acres

    Source: eXp Realty Agent Coralee Quintana, MBA

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

    Overview

    Historic Motel on Route 66

    This property features 30 doors, including 29 guest rooms and a manager's apartment. Added to the historic registry in 1998, it stands as one of the oldest continuously operating motels on Route 66. Recent renovations have totaled over $200,000. The property offers flexibility, as it can continue operating as a motel or be renovated for an alternative use. It has approximately 135 feet of frontage on Central Avenue, with a traffic count of 17,200 vehicles per day. The location benefits from high visibility, with 29,600 vehicles per day on San Mateo Boulevard and 12,100 vehicles per day on San Pedro Drive. The property is situated one mile west of The Downs Racetrack & Casino, Expo New Mexico, and the Albuquerque Fairgrounds. The property size is 9,087 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tewa Lodge Motel Albuquerque Fire Station ... Fire Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    The Barelas Event Center, The Yards, PortMeetAbq, 815 Silver, Luna Event Center

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.7014038
    Latitude
    35.0826361

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    FAQs

    What type of property is this?
    Motel - 30-door motel with recent renovations, development potential.
    Where is this motel located?
    The property is located at 5715 Central Ave NE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: - Over $200,000 in recent renovations; - High traffic location: Approx. 135ft of Central Ave frontage with 17,200 VPD; - 30 doors (29 guest rooms + managers apartment)
    (505) 639-1266
    Request Owner's contact information
    5715 Central Ave NE Albuquerque, NM 87105
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    Albuquerque, NM 87105
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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
    5715 Central Ave NE Albuquerque, NM 87105
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