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    2340 Alamo Ave Albuquerque, NM 87106

    • Office buildings
    • 54,314 SF
    • 1.99 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $900,000
    Location Intelligence
    Property ID
    US61-0133727
    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 Fortaleza / Non-Profit Organization
    • New Mexico Kids Matter / Non-Profit Organization
    • New Mexico Coalition Against Domestic Violence / Non-Profit Organization / Service Establishment
    • New Mexico CASA Association / Non-Profit Organization
    • Sevenwonders Education Training and Learning Center / Nursing School

    Property Details for 2340 Alamo Ave

    Year built
    1980
    Lot size
    1.99 lot acres
    Property size
    54,314 SF
    Property type
    Office buildings
    APN
    1-016-055-040-363-2-01-07
    APU
    101605504036320107

    Description

    This three-story, Class B office building at 2340 Alamo Ave SE, Albuquerque, NM 87106, offers multiple tenancy options. The 49,260 square foot building, renovated in 2016, sits on a 1.99-acre lot and is zoned IP - Industrial Park Zone (APN: ABQ184616). Currently, 2,504 square feet of space is vacant, with suites ranging from small single-person offices to over 10,000 square feet available for lease. The building boasts excellent access to I-40, proximity to Albuquerque International Sunport and Kirtland Air Force Base, and ample parking (4 spaces per 1000 sq ft). Located near the intersection of Alamo SE and Yale SE, this property features upgraded interior and exterior finishes. The building's convenient location and modern amenities make it an ideal space for businesses of all sizes. Contact us today to learn more about leasing opportunities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $855,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,050,000
      6.5%
      $1,135,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,120,000
      Geo Method
      $965,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,155,000
      Retail
      $1,025,000
      Mixed-Use
      $1,145,000
      Hospitality
      $1,050,000
      Educational
      $870,000
      Residential Income
      $1,170,000
      Energy
      $930,000
      Income-Based Land
      $1,085,000
      Food Service
      $1,065,000

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.621
    Latitude
    35.0541
    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
    $29,656
    $115,452
    $502,686
    $618,138
    -
    $346,390
    $1,508,210
    $1,854,600

    Comparable in this City

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      2301 Buena Vis SE Dr

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      3416 Lomas NE Blvd

      PROFESSIONAL BUILDING • 600 SF
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      Albuquerque, NM 87106

      PROFESSIONAL BUILDING
      Albuquerque, NM 87106
      View Details

    Similar Nearby for Sale

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      Albuquerque Office Building For Sale

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    • $1,800,000
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      Albuquerque Office Building For Sale

      Two-story, 25,082 SF office building near Sunport/I-25 interchange.
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    • $2,700,000
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      Albuquerque Office Building For Sale

      Two-story, 30,124 SF office building near Sunport/I-25 interchange.
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    • $350,000
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    Similar Nearby for Lease

    • $4,257,025
      2,383 SF

      Renovated Office Building For Lease

      Two-story office building with multiple units available for lease.
      1601 Randolph Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
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      Stand Alone Property Near UNM

      Stand alone property suitable for offices, churches, event centers.
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      Albuquerque Executive Office Suites

      Prime Albuquerque Office Space Available
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    • $11 SF/Yr
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      Office Space For Lease

      Office spaces available for lease in the Airport Market.
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      View Details
    • Contact for pricing
      250,000 SF

      High-Tech Mixed-Use Campus

      70-acre campus near Kirtland Air Force Base.
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      Spacious Office Building, Owner Financing Available
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      View Details
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    Albuquerque, NM 87106
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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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