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    Property profile & analytics

    1649 Brg SW Blvd Albuquerque, NM 87105-3060

    • Retail space
    • 5,112 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0114315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Casa Liquors / Liquor Store
    • Coinsource Bitcoin ATM / Atm / Financial Institution
    • South Valley At Credit Express / Atm

    Property Details for 1649 Brg SW Blvd

    Year built
    1966
    Lot size
    0.10 lot acres
    Property size
    5,112 SF
    Property type
    Retail space
    APN
    1-012-056-338-261-1-01-02
    APU
    101205633826110102

    Description

    This exceptional 5,141 square foot convenience store and storefront, situated on a 2.002-acre lot at the signalized intersection of Goff Blvd and Bridge Blvd in Albuquerque, NM, presents a unique investment opportunity. The property boasts a prominent hard corner location with approximately 255 feet of frontage on Bridge Blvd and 240 feet on Goff Blvd, benefiting from high traffic volume exceeding 33,000 vehicles per day. The existing building currently operates as "Casa Liquors," and includes a valuable "Canopy" liquor license issued by Bernalillo County. This license is subject to the State of New Mexico Alcohol Beverage Control Division regulations (Chapter 60 Business Licenses). The property is zoned C-1 and is priced at $2,300,000 ($447.38/sq ft). The sale includes both the real estate and the liquor license. The location is strategically positioned within a 3-mile radius encompassing over 90,000 residents, serving an underserved South Valley sub-market. Further enhancing its value, the property benefits from the Bridge Blvd Corridor Redevelopment Plan, scheduled for completion in the third quarter of 2024. A pole sign at the corner provides excellent visibility. This is a turnkey operation with significant growth potential. The lease type is NNN, and the property is for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $339,000
      Market price range: $282k - $947k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.681
    Latitude
    35.0653
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,789
    $6,176
    $57,510
    $63,686
    -
    $18,530
    $172,547
    $191,077

    Comparable in this City

    • Value Estimation
      $265,000
      0.17 Acres

      1656 Brg SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      1656 Brg SW Blvd, Albuquerque, NM 87105-3061
      View Details
    • Value Estimation
      $245,000
      0.11 Acres

      2405 Isleta SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      2405 Isleta SW Blvd, Albuquerque, NM 87105-4718
      View Details
    • Value Estimation
      $265,000
      0.12 Acres

      2312 Isleta SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      2312 Isleta SW Blvd, Albuquerque, NM 87105-4717
      View Details
    • Value Estimation
      $270,000
      1,636 SF

      107 Bowers SW Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,636 SF
      107 Bowers SW Rd, Albuquerque, NM 87105-0521
      View Details
    • Value Estimation
      $275,000
      1,225 SF

      921 Brg SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,225 SF
      921 Brg SW Blvd, Albuquerque, NM 87105-3891
      View Details
    • Value Estimation
      $280,000
      2,784 SF

      2724 Isleta SW Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,784 SF
      2724 Isleta SW Blvd, Albuquerque, NM 87105-5813
      View Details

    Similar Nearby for Sale

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      Albuquerque Drive-Thru Restaurant

      Prime location, vacant, ready for your concept.
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    Similar Nearby for Lease

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      Retail Space with Drive-Thru

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      View Details
    • Contact for pricing
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      Retail Space in El Super Plaza

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      Avanzando Retail Pad Site

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    • $12 SF/Yr
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      Retail Space with High Visibility

      Retail space with triple frontage and high traffic exposure.
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      View Details
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      Albuquerque Retail Center Investment

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      View Details
    • $18 SF/Yr
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      Rio Bravo Shopping Center: Lease Opportunity

      South Valley retail space available; high traffic location.
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      View Details
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    Albuquerque, NM 87105-3060
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    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
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