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    950 4Th St Albuquerque, NM 87102

    • Hotels
    • 33,312 SF
    • 0.90 lot acres
    For Sale
    View listing
    $4,990,000
    Value Estimation
    Location Intelligence
    Property ID
    US61-0937780
    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

    • Anthea @ the Granite / Extended Stay Hotel / Furnished Apartment Building
    • Albuquerque Interpersonal Therapy Center / Corporate Office
    • HomeBase / Apartment Complex

    Property Details for 950 4Th St

    Year built
    2015
    Lot size
    0.90 lot acres
    Property size
    33,312 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1-014-058-239-229-3-53-12
    APU
    101405823922935312

    Description

    This iconic, three-story, 33,312 square foot mixed-use building in Albuquerque's NOLO district presents a compelling investment opportunity. Built in 2014, it sits on a 0.9-acre lot and is subject to a 50-year ground lease with options for an additional 20 years. The property boasts 23 units, currently at 87% occupancy, comprising a mix of one, two, and three-bedroom apartments, some furnished, featuring high-end finishes, full kitchens, washers/dryers, and balconies. Ample secured parking is available. The building includes an exercise center, conference room, business office, on-site laundry, and housekeeping facilities. The 8,000 square foot ground floor, currently vacant, offers significant potential for expansion. Options include adding 11 more residential units (totaling 34), developing executive suites, or establishing a full-service restaurant

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $920,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,125,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,170,000
      Geo Method
      $1,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,405,000
      Retail
      $1,250,000
      Mixed-Use
      $1,050,000
      Hospitality
      $1,040,000
      Educational
      $1,090,000
      Residential Income
      $1,365,000
      Energy
      $1,090,000
      Income-Based Land
      $1,055,000
      Food Service
      $1,380,000

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.649
    Latitude
    35.0937
    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
    $44,766
    $106,225
    $703,146
    $809,371
    -
    $318,708
    $2,109,650
    $2,428,358

    Comparable in this City

    • Value Estimation by Request
      186,150 SF

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      201 Marquette NW Ave, Albuquerque, NM 87102-2248
      View Details
    • Value Estimation by Request
      100,212 SF

      1660 University NE Blvd

      HOTEL/MOTEL • 100,212 SF
      1660 University NE Blvd, Albuquerque, NM 87102-1711
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    • Value Estimation
      $635,000
      6,402 SF

      904 Medical Arts NE Ave

      HOTEL/MOTEL • 6,402 SF
      904 Medical Arts NE Ave, Albuquerque, NM 87102-2707
      View Details
    • Value Estimation by Request
      0.12 Acres

      817 Central NE Ave

      HOTEL/MOTEL • 0.12 Acres
      817 Central NE Ave, Albuquerque, NM 87102-3605
      View Details
    • Value Estimation by Request
      0.22 Acres

      Menaul NE Blvd

      HOTEL/MOTEL • 0.22 Acres
      Menaul NE Blvd, Albuquerque, NM 87102
      View Details
    • Value Estimation by Request
      269,596 SF

      1000 Woodward NE Pl

      HOTEL/MOTEL • 269,596 SF
      1000 Woodward NE Pl, Albuquerque, NM 87102-2704
      View Details

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    Similar Nearby for Lease

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    950 4Th St
    Albuquerque, NM 87102
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    Realmo Value Estimation

    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.

    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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