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    Property profile & analytics

    1512 Wyoming Blvd Albuquerque, NM 87112

    • Retail properties & Spaces
    • 40,604 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Game Plus - Gaming Center / Arcade & Gaming Center / (Bike/Boat/Book/etc) Store
    • ATA Service / Employment Agency
    • Newsoul Learning Center / Daycare Center / Foster Care Service
    • Gamers Anonymous / Arcade & Gaming Center / Electronics & Wireless Store
    • Thai Tip / Restaurant

    Property Details for 1512 Wyoming Blvd

    Property size
    40,604 SF
    Property type
    Retail properties & Spaces

    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
    -106.55
    Latitude
    35.0958

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      87,495 SF

      11001 Menaul Blvd

      Restaurants • 87,495 SF
      11001 Menaul Blvd, Albuquerque, NM 87112
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    • Value Estimation by Request
      25,700 SF

      2113 Eubank Blvd

      Retail properties & Spaces • 25,700 SF
      2113 Eubank Blvd, Albuquerque, NM 87112
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    • Value Estimation by Request
      29,453 SF

      1415 Eubank Blvd

      Lifestyle centers • 29,453 SF
      1415 Eubank Blvd, Albuquerque, NM 87112
      View Details
    • Value Estimation by Request
      2,022 SF

      2414 Juan Tabo Blvd

      Office Units • 2,022 SF
      2414 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • Value Estimation by Request
      7,390 SF

      2210 Wyoming Blvd

      Lifestyle centers • 7,390 SF
      2210 Wyoming Blvd, Albuquerque, NM 87112
      View Details

    Similar Nearby for Sale

    • $1,350,000
      7,425 SF

      2430 Juan Tabo Blvd

      Retail space • 7,425 SF
      2430 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • $339,000
      Pending

      Foothills Office/Retail Space Available

      Office or retail space for sale near Tramway and Menaul.
      12801 Menaul Blvd NE, Albuquerque, NM 87112
      View Details
    • New
      $499,900
      3,080 SF

      Albuquerque Multifamily Investment Opportunity

      Well-maintained 4-plex in NE Heights with strong income potential.
      10905 Towner Ave NE, Albuquerque, NM 87112
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    • Contact for pricing
      9,571 SF

      Blanca Square Investment Opportunity

      9,571 SF office property with 95% occupancy.
      2705 Juan Tabo Blvd NE, Albuquerque, NM 87112
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    • $1,000,000
      2,700 SF

      Prime Albuquerque Auto Shop

      Thriving Business, Turnkey Operation
      2401 Wyoming Blvd, Albuquerque, NM 87112
      View Details
    • $499,900
      3,080 SF

      Albuquerque Fourplex in NE Heights

      Well-maintained fourplex in a desirable location with strong income potential.
      10901 Towner Ave NE, Albuquerque, NM 87112
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      40,604 SF

      1512 Wyoming Blvd

      Retail properties & Spaces • 40,604 SF
      1512 Wyoming Blvd, Albuquerque, NM 87112
      View Details
    • $15 SF/Yr
      7,425 SF

      Juan Tabo Blvd Retail Center

      Albuquerque retail space, high traffic
      2430 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space Available for Lease

      Retail property with 11,200 square feet available for lease.
      2527-2547 Wyoming Blvd NE, Albuquerque, NM 87112
      View Details
    • $18 SF/Yr
      10,576 SF

      Piedra Lisa Office Space Available

      Prime Northeast Heights Office Suite
      2520 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      10,000 SF

      Ross Anchored Albuquerque Retail

      High-visibility retail space available.
      2200 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      54,936 SF

      NE Heights Retail Center Opportunity

      Albuquerque retail space, national co-tenant.
      11500 Menaul Blvd, Albuquerque, NM 87112
      View Details
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    Albuquerque, NM 87112
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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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