1801 Yale SE Blvd Albuquerque, NM 87106-4137
- Hotels
- 33,960 SF
- 2.06 lot acres
Current Use by Public Records
- Comfort Inn Albuquerque Airport / Hotel
Property Details for 1801 Yale SE Blvd
- Year built
- 1996
- Lot size
- 2.06 lot acres
- Property size
- 33,960 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 1-015-056-536-125-4-05-11
- APU
- 101505653612540511
Description
This 72-key Comfort Inn, built in 1997, presents a compelling investment opportunity in Albuquerque, New Mexico. Located on a 2.06-acre lot at 1801 Yale Blvd SE (APN 1-015-056-536125-4-05-11), this three-story hotel boasts a strong pro-forma NOI of $588,213 and an 8.46% pro-forma cap rate, with an asking price of $6,950,000 ($96,527.78 per key). Its strategic location between Albuquerque International Sunport and downtown Albuquerque ensures consistent occupancy from both business and leisure travelers. The hotel benefits from easy access to major highways, the University of New Mexico, the Sandia Mountains, and numerous corporate and government facilities. The property's potential for conversion to a Spark unit is also a noteworthy consideration. This well-positioned hotel offers investors a chance to acquire a high-performing asset in a thriving New Mexico market, just 1.8 miles from the Albuquerque International Sunport. The property's strong performance metrics and convenient location make it an attractive investment prospect.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $835,000
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Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.623
- Latitude
- 35.0619
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
