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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1012 Central SW Ave Albuquerque, NM 87102-2905

    • Residential income homes
    • 7,317 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0144652
    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

    • Mother Road Manor / Apartment Building
    • photography by richardzx / Photography Service

    Property Details for 1012 Central SW Ave

    Year built
    1906
    Lot size
    0.18 lot acres
    Property size
    7,317 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    1-013-057-471-500-1-44-06
    APU
    101305747150014406

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $349,000
      Market price range: $349k - $1.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.659
    Latitude
    35.0864
    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
    $4,562
    $18,698
    $63,778
    $82,476
    -
    $56,100
    $191,352
    $247,452

    Comparable in this City

    • Value Estimation
      $295,000
      6,191 SF

      801 Coal SE Ave

      BOARDING/ROOMING HOUSE • 6,191 SF
      801 Coal SE Ave, Albuquerque, NM 87102
      View Details
    • Value Estimation
      $390,000
      3,630 SF

      1021 4th SW St

      BOARDING/ROOMING HOUSE • 3,630 SF
      1021 4th SW St, Albuquerque, NM 87102-4105
      View Details
    • Value Estimation
      $270,000
      4,216 SF

      701 Roma NW Ave

      BOARDING/ROOMING HOUSE • 4,216 SF
      701 Roma NW Ave, Albuquerque, NM 87102-2038
      View Details
    • Value Estimation
      $230,000
      1,395 SF

      402 Cromwell SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,395 SF
      402 Cromwell SW Ave, Albuquerque, NM 87102-4191
      View Details
    • Value Estimation
      $305,000
      2,365 SF

      610 Coal SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,365 SF
      610 Coal SW Ave, Albuquerque, NM 87102-6802
      View Details
    • Value Estimation
      $410,000
      10,360 SF

      504 14th SW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 10,360 SF
      504 14th SW St, Albuquerque, NM 87102-2807
      View Details

    Similar Nearby for Sale

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      5,000 SF

      Downtown Albuquerque Mixed-Use Building

      Recently renovated restaurant and studio apartments in downtown Albuquerque.
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    • $1,300,000
      8,082 SF

      Albuquerque Landmark Condo

      Historic Downtown Apartment Building
      219 Central Ave, Albuquerque, NM 87102
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    • $1,390,000
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      Albuquerque Land Ready For Development

      Land with plans for 100 multi-family units in Albuquerque.
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    • New
      $565,000
      3,191 SF

      Turnkey 6-Plex in Albuquerque

      Fully occupied 6-plex with low vacancy and high demand.
      426 Towner Ave NW, Albuquerque, NM 87102
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    • $365,000
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      Income-Producing Albuquerque Multi-Family Property

      Three-unit compound with long-term tenants and professional management.
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    • $15,000,000
      244,800 SF

      High-Rise Redevelopment Opportunity

      Eight-story high-rise with redevelopment potential in Albuquerque.
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    Similar Nearby for Lease

    • $11 SF/Yr
      8,634 SF

      Albuquerque Warehouse For Lease

      Modern Warehouse, Gated Yard, Great Location
      2407 Commercial St, Albuquerque, NM 87102
      View Details
    • $2,900 /Mo
      4,356 SF

      Albuquerque Commercial Space For Rent

      MX-L zoned commercial space suitable for various business uses.
      637 Broadway Blvd SE, Albuquerque, NM 87102
      View Details
    • $10 SF/Yr
      1,350 SF

      Office/Warehouse Space For Lease

      In-line space with office/warehouse build-out, potential dock high door.
      5303 Gibson Blvd SE, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      8,595 SF

      Furnished Office Space in Albuquerque

      Modern, furnished office space in iconic Glorieta Station, Albuquerque.
      429 Commercial St NE, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      3,145 SF

      Retail Space on Broadway Boulevard

      Retail space available for lease in Albuquerque, New Mexico.
      800 Broadway Blvd NE, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      5,375 SF

      Central Avenue Retail/Office Opportunity

      Retail or office space near UNM and Presbyterian Hospital.
      1414 Central Ave SE, Albuquerque, NM 87102
      View Details
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    1012 Central SW Ave
    Albuquerque, NM 87102-2905
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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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