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    8012 Edith Blvd Albuquerque, NM 87113

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    8012 Edith Blvd Albuquerque, NM 87113

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    • Land
    • 1.48 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8012 Edith Blvd

    Lot size
    1.48 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This 1.48-acre parcel in Albuquerque's North Valley presents a compelling investment opportunity. Located at 8012 Edith Blvd NE, this A1-zoned property offers significant potential for diverse development. The asking price is $550,000, translating to approximately $443,548 per acre. Its strategic location in the far north I-25 corridor, adjacent to Paseo Del Norte, ensures excellent accessibility and visibility. The property's size allows for a range of uses, including commercial, industrial, or a combined live-work development. Existing utilities simplify the development process, and the proximity of three-phase power caters to businesses with significant electrical needs. The property's distressed sale condition presents a unique opportunity for buyers. The Bernalillo County Assessor's Parcel Number (APN) is 101606322543021215. The seller is open to exploring owner-financing options. This versatile land parcel is ready for your vision.

    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
    -106.615
    Latitude
    35.1719

    Comparable in this City

    • Value Estimation by Request
      1 SF

      Seq San Mateo Blvd. & Pasadena Ave

      Land • 1 SF
      0 Seq San Mateo Blvd. & Pasadena Ave, Albuquerque, NM 87113
      View Details
    • Value Estimation by Request
      5.87 Acres

      Paseo Del Norte And Woodmont Ave

      Land • 5.87 Acres
      0 Paseo Del Norte And Woodmont Ave, Albuquerque, NM 87113
      View Details
    • Value Estimation by Request
      3.59 Acres

      Paseo Del Norte

      Medical space • 20,663 SF
      0 Paseo Del Norte, Albuquerque, NM 87113
      View Details
    • Value Estimation by Request
      14,400 SF

      8200 Washington NE St

      WAREHOUSE, STORAGE • 14,400 SF
      8200 Washington NE St, Albuquerque, NM 87113-1605
      View Details
    • Value Estimation by Request
      6,390 SF

      3409 Vis Alameda NE

      LIGHT INDUSTRIAL • 6,390 SF
      3409 Vis Alameda NE, Albuquerque, NM 87113-2391
      View Details
    • Value Estimation by Request
      9,600 SF

      4431 Anaheim NE Ave

      LIGHT INDUSTRIAL • 9,600 SF
      4431 Anaheim NE Ave, Albuquerque, NM 87113-1580
      View Details

    Similar Nearby for Sale

    • $1,340,000
      1.86 Acres

      Jefferson St NE Land - Albuquerque, NM

      1.86 Acres, Commercial/Industrial Land
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    • $575,000
      1.40 Acres

      North Valley Land with Residence

      1.4 acres in North Valley ideal for farming/cultivation.
      10803 Edith Blvd NE, Albuquerque, NM 87113
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    • $500,000
      1.00 Acre

      Land with Sandia Mountain Views

      Rare opportunity to develop land with utilities and mountain views.
      10930 Edith Blvd NE, Albuquerque, NM 87113
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    • Contact for pricing
      9,350 SF

      Functional Albuquerque Office/Warehouse with Yard

      9,350 SF office/warehouse with fenced yard in North Albuquerque.
      7908 Ranchitos Loop NE, Albuquerque, NM 87113
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    • New
      $825,000
      0.86 Acres

      Albuquerque Commercial Live/Work Space

      Versatile commercial property with live/work setup and climate-controlled warehouse.
      8612 Paseo Alameda NE, Albuquerque, NM 87113
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    • $240,000
      0.72 Acres

      Residential Land in Albuquerque's North Valley

      0.72-acre lot for dream residence in Albuquerque's North Valley.
      7514 Edith Blvd NE, Albuquerque, NM 87113
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,400 SF

      Industrial/Office/Showroom Space Available

      Industrial/office/showroom property with flexible options in the North I-25 submarket.
      5916 Anaheim Ave NE, Albuquerque, NM 87113
      View Details
    • Contact for pricing

      Land Available For Lease

      Land for lease at San Mateo Blvd. & Pasadena Ave.
      Seq San Mateo Blvd. & Pasadena Ave, Albuquerque, NM 87113
      View Details
    • Contact for pricing
      17,309 SF

      Industrial Space Available for Lease

      Industrial property with 17,309 square feet available for lease.
      8600 San Mateo Blvd NE, Albuquerque, NM 87113
      View Details
    • $12 SF/Yr
      31,347 SF

      Industrial Space with Paseo Del Norte Visibility

      Industrial space with easy I-25 access and high visibility.
      4511 Paseo Del Norte Northeast, Albuquerque, NM 87113
      View Details
    • Contact for pricing
      2,000 SF

      Industrial Space with Office

      2,000 SF industrial space featuring offices and warehouse area.
      310 Ranchitos Rd NE, Albuquerque, NM 87113
      View Details
    • Contact for pricing
      3,043 SF

      Warehouse and Office Space Available

      Warehouse and office space with gated yard near I-25.
      7900 Lorraine Ct NE, Albuquerque, NM 87113
      View Details
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    Albuquerque, NM 87113
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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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    8012 Edith Blvd, Albuquerque, NM, 87113

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