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    1520 Candelaria Rd Albuquerque, NM 87107

    Sponsored
    For Sale
    $2,500,000

    46-unit hotel, renovated, owner financing.

    Property size:
    16,956 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 46-unit Days Inn in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 1520 Candelaria Rd NE, Albuquerque, NM 87107, this three-story, 16,956 square foot hotel sits on a 0.51-acre lot and benefits from convenient access to I-40 and I-25 via Candelaria Avenue. Built in 1984, the property has recently undergone a complete interior renovation, boasting a brand new interior corridor. The asking price is $2,500,000, translating to $147.44 per square foot. This represents a significant value proposition, priced well below replacement cost. The property is offered fee simple, and the seller is open to exploring owner financing or lease-to-purchase options for qualified buyers. The hotel is delivered to the buyer with no PIP (property improvement plan) requirements. This is an excellent opportunity for an owner-operator to increase revenue and control operating expenses in a well-located, recently renovated hotel.

    Property Features for 1520 Candelaria Rd

    General Information

    Property type
    Hotels
    Square Feet
    16,956 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1984
    Stories
    3

    HighLights

    • Newly renovated interior corridor Days Inn.
    • Substantially below replacement cost.
    • Owner financing and lease‑purchase options available.
    • No tenant improvements (PIP) required for buyer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ambassador Inn Albuquerque Hotel Days Inn Hotel Days Inn by ... Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6270295
    Latitude
    35.1145506

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    FAQs

    What type of property is this?
    Hotel - 46-unit hotel, renovated, owner financing.
    Where is this hotel located?
    The property is located at 1520 Candelaria Rd Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Newly renovated interior corridor Days Inn.; Substantially below replacement cost.; Owner financing and lease-purchase options available.
    Request Owner's contact information
    1520 Candelaria Rd Albuquerque, NM 87107
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    Albuquerque, NM 87107
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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
    1520 Candelaria Rd Albuquerque, NM 87107
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