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    Sec Unser & Montano Albuquerque, NM 87120

    • Land
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sec Unser & Montano

    Property type
    Land

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.717
    Latitude
    35.1522

    Comparable in this City

    • Value Estimation by Request
      20.43 Acres

      I-40 St/Arroyo Vis Blvd

      Land • 20.43 Acres
      I-40 St/Arroyo Vis Blvd, Albuquerque, NM 87120
      View Details
    • Value Estimation by Request

      St Josephs Dr

      Land
      0 St Josephs Dr, Albuquerque, NM 87120
      View Details
    • Value Estimation by Request
      146,362 SF

      Nwc Universe & Rainbow Blvds.

      Land • 146,362 SF
      0 Nwc Universe & Rainbow Blvds., Albuquerque, NM 87120
      View Details
    • Value Estimation by Request

      I-25 And Paseo Del Norte Albuquerque Nm 87109

      Land
      I-25 And Paseo Del Norte Albuquerque Nm 87109, Albuquerque, NM 87120
      View Details
    • Value Estimation by Request
      3.36 Acres

      Nwc Universe & Rainbow Blvds.

      Land • 3.36 Acres
      0 Nwc Universe & Rainbow Blvds., Albuquerque, NM 87120
      View Details
    • Value Estimation by Request
      60.00 Acres

      & Tierra Pintada Blvd

      Land • 60.00 Acres
      0 & Tierra Pintada Blvd, Albuquerque, NM 87120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.61 Acres

      Albuquerque Commercial Land Opportunity

      Prime Retail Land, High Growth Area
      0 Universe And Rainbow, Albuquerque, NM 87120
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    • Contact for pricing

      Albuquerque Commercial Land - Coors Blvd

      Prime Albuquerque land, high visibility, ±50,000 daily traffic.
      0 St Josephs Dr, Albuquerque, NM 87120
      View Details
    • $4,227,171
      20.43 Acres

      Albuquerque Commercial Land - 20 Acres

      Prime 20-acre commercial lot, ideal for development.
      0 Swq Ladera Dr. & Arroyo Vis Blvd, Albuquerque, NM 87120
      View Details
    • Contact for pricing
      13.20 Acres

      Albuquerque Commercial Land - 13.2 Acres

      Prime Albuquerque land, ideal for retail development.
      0 Arroyo Vis Blvd & Ladera Dr, Albuquerque, NM 87120
      View Details
    • $771,472
      0.68 Acres

      Albuquerque Retail Land Opportunity

      Prime Westside Retail Pad-Ready Site
      5401 Sevilla Ave, Albuquerque, NM 87120
      View Details
    • Contact for pricing
      20.43 Acres

      I-40 Albuquerque Commercial Land

      Prime 20-acre commercial lot, A-1 zoning.
      I-40 St/Arroyo Vis Blvd, Albuquerque, NM 87120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      209,088 SF

      Legacy Journal Center Land

      High-volume mixed-use development land.
      I-25 And Paseo Del Norte Albuquerque Nm 87109, Albuquerque, NM 87120
      View Details
    • Contact for pricing
      146,362 SF

      Albuquerque Land: Universe & Rainbow Blvds NW

      Prime 10.61-acre commercial/residential land
      0 Nwc Universe & Rainbow Blvds., Albuquerque, NM 87120
      View Details
    • $18 SF/Yr
      46,500 SF

      Riverside Plaza Retail Spaces

      Albuquerque retail space, 1200-1815 sq ft.
      6251 Riverside Plaza Ln, Albuquerque, NM 87120
      View Details
    • $24 SF/Yr
      4,900 SF

      Retail Spaces with Patio Potential

      Retail spaces available, potential for restaurant conversion and patio.
      6421 Riverside Plaza Ln, Albuquerque, NM 87120
      View Details
    • $20 SF/Yr
      1,558 SF

      End Cap Tap/Tasting Room

      Retail space with patio potential in high-income area.
      5400 Sevilla Ave SW, Albuquerque, NM 87120
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail, Office, or Showroom Space

      1,200 SF space ideal for retail, office, or showroom.
      6001 Winter Haven Dr NW, Albuquerque, NM 87120
      View Details
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    Sec Unser & Montano
    Albuquerque, NM 87120
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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.

    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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