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    Property profile & analytics

    9600 Sage Rd Albuquerque, NM 87121

    • Grocery and convenience stores
    • 41,142 SF
    • 4.76 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0326273
    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

    • Walmart Home Theater Installation / Home Cinema Installation
    • Ria Money Transfer - Walmart / Money Transfer Service
    • Western Union / Money Transfer Service
    • MoneyGram / Money Transfer Service
    • Walmart Home Services / Home Help Service Agency

    Property Details for 9600 Sage Rd

    Year built
    2006
    Lot size
    4.76 lot acres
    Property size
    41,142 SF
    Property type
    Grocery and convenience stores
    APN
    1-009-055-162-390-2-08-03
    APU
    100905516239020803

    Description

    This exceptional 10.89-acre commercial land parcel, located at 9600 Sage Rd SW in Albuquerque, New Mexico, presents a unique investment opportunity. The property boasts a total buildable area of 49,397 square feet and is zoned MX-L, offering significant development potential. Situated in a highly visible location on 98th St, this site benefits from exceptional visibility and accessibility, with full access points ensuring convenient ingress and egress. The property enjoys a strategic position along a highly-traveled corridor leading to and from I-40, experiencing traffic exceeding 36,000 vehicles daily at the intersection. Its proximity to Atrisco Heritage High School further enhances its appeal. All utilities are readily available on-site. The flexible zoning allows for customized pad sizes ranging from 2,880 to 30,000 square feet, catering to a variety of development needs. The property's APN is 100905510538420307, and it's located in Bernalillo County, New Mexico, zip code 87121. This single-tenant property offers a rare chance to acquire a substantial commercial land holding in a thriving Albuquerque location. The site's high traffic count and excellent visibility make it an ideal location for a variety of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,200,000
      Market price range: $1.61M - $4.50M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,005,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,430,000
      Change: +47% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,340,000
      Change: +44% Conversion: Easy
      RESTAURANT
      $4,295,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,630,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $3,500,000
      Change: +16% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,405,000
      Change: +13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.739
    Latitude
    35.0549
    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
    $26,782
    $150,732
    $880,596
    $1,031,328
    -
    $452,241
    $2,642,051
    $3,094,292

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

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      CONVENIENCE STORE • 2,800 SF
      2801 Coors SW Blvd, Albuquerque, NM 87121-5114
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    • Value Estimation by Request
      3,056 SF

      10000 Sage SW Blvd

      CONVENIENCE STORE • 3,056 SF
      10000 Sage SW Blvd, Albuquerque, NM 87121
      View Details
    • Value Estimation
      $625,000
      3,783 SF

      4400 Coors SW Blvd

      CONVENIENCE STORE • 3,783 SF
      4400 Coors SW Blvd, Albuquerque, NM 87121-6258
      View Details
    • Value Estimation by Request
      3,234 SF

      201 Coors NW Blvd

      CONVENIENCE STORE • 3,234 SF
      201 Coors NW Blvd, Albuquerque, NM 87121-2018
      View Details
    • Value Estimation by Request
      2,432 SF

      514 Old Coors SW Dr

      CONVENIENCE STORE • 2,432 SF
      514 Old Coors SW Dr, Albuquerque, NM 87121-2521
      View Details
    • Value Estimation
      $1,840,000
      11,664 SF

      12605 Central NW Ave

      CONVENIENCE STORE • 11,664 SF
      12605 Central NW Ave, Albuquerque, NM 87121-7713
      View Details

    Similar Nearby for Sale

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    9600 Sage Rd
    Albuquerque, NM 87121
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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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