Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    705 12Th St Albuquerque, NM 87102

    • Apartment buildings
    • 2,015 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 705 12Th St

    Year built
    1915
    Lot size
    0.16 lot acres
    Property size
    2,015 SF
    Property type
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.659
    Latitude
    35.0935

    Comparable in this City

    • Value Estimation by Request
      53,000 SF

      410 Central Ave

      Multifamily properties • 53,000 SF
      410 Central Ave, Albuquerque, NM 87102
      View Details
    • Value Estimation by Request
      756 SF

      925 6Th St

      Residential income properties • 756 SF
      925 6Th St, Albuquerque, NM 87102
      View Details
    • Value Estimation
      $280,000
      2,804 SF

      708 Tijeras NW Ave

      APARTMENT HOUSE (5+ UNITS) • 2,804 SF
      708 Tijeras NW Ave, Albuquerque, NM 87102-3034
      View Details
    • Value Estimation by Request
      22,280 SF

      1002 Central Ave

      Multifamily properties • 22,280 SF
      1002 Central Ave, Albuquerque, NM 87102
      View Details
    • Value Estimation
      $260,000
      1,395 SF

      402 Cromwell SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,395 SF
      402 Cromwell SW Ave, Albuquerque, NM 87102-4191
      View Details
    • Value Estimation
      $285,000
      2,365 SF

      610 Coal SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,365 SF
      610 Coal SW Ave, Albuquerque, NM 87102-6802
      View Details

    Similar Nearby for Sale

    • $1,300,000
      8,082 SF

      Albuquerque Landmark Condo

      Historic Downtown Apartment Building
      219 Central Ave, Albuquerque, NM 87102
      View Details
    • $1,390,000
      0.49 Acres

      Albuquerque Land Ready For Development

      Land with plans for 100 multi-family units in Albuquerque.
      517 1St St SW, Albuquerque, NM 87102
      View Details
    • New
      $565,000
      3,191 SF

      Turnkey 6-Plex in Albuquerque

      Fully occupied 6-plex with low vacancy and high demand.
      426 Towner Ave NW, Albuquerque, NM 87102
      View Details
    • $899,000
      5,000 SF

      Downtown Albuquerque Mixed-Use Building

      Recently renovated restaurant and studio apartments in downtown Albuquerque.
      317 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • $15,000,000
      244,800 SF

      High-Rise Redevelopment Opportunity

      Eight-story high-rise with redevelopment potential in Albuquerque.
      517 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • New
      $1,600,000
      6,148 SF

      Modern Albuquerque Multifamily Investment

      Newer 6-unit building, strong income potential, and immediate cash flow.
      615 Iron Ave SW, Albuquerque, NM 87102
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,190 SF

      Downtown Office Suites Available

      Prime Downtown Location, Flexible Spaces
      300 Central Ave, Albuquerque, NM 87102
      View Details
    • $82 SF/Yr
      175 SF

      Imperial Micro Retail Space

      Prime Central Ave. Retail Opportunity
      701 Central Ave, Albuquerque, NM 87102
      View Details
    • $22 SF/Yr
      2,463 SF

      Albuquerque Office Space For Lease

      Prime Albuquerque Office, Multiple Suites Available
      500 Roma Ave, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      11,500 SF

      Downtown Albuquerque Warehouse

      11,500 SF Warehouse, Flexible Lease Options
      1100 3Rd St, Albuquerque, NM 87102
      View Details
    • $18,000 /Mo
      1,422 SF

      Downtown Albuquerque Medical Office

      Historic Charm, 1422 SF Medical Office
      502 Slate Ave, Albuquerque, NM 87102
      View Details
    • $2,000 /Mo
      17,424 SF

      Downtown Albuquerque Parking Lot Rental

      Downtown Albuquerque parking lot with 74 spaces for rent.
      215-223 Marble Ave NW, Albuquerque, NM 87102
      View Details
    Request Owner's contact information
    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.
    705 12Th St
    Albuquerque, NM 87102
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.