Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10701 Corrales NW Rd Albuquerque, NM 87114-1087
    Back to Search
    Property profile & analytics

    10701 Corrales NW Rd, Albuquerque, NM 87114-1087

    View on Map
    • Strip malls
    • 46,183 SF
    • 11.52 lot acres
    Off-Market
    Property ID
    US61-0181634
    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.
    Value Estimations
    $1,300,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stone and Tile Works of New Mexico / Building Supply / Hardware & Home Improvement
    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Joyful Nails and Spa / Nail Salon
    • Wild Birds Unlimited / (Bike/Boat/Book/etc) Store
    • Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering

    Property Details for 10701 Corrales NW Rd

    Year built
    1975
    Lot size
    11.52 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-014-066-277-058-4-01-02
    APU
    101406627705840102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.648
    Latitude
    35.2048
    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
    $142,936
    $1,085,386
    $1,498,927
    $2,584,313
    -
    $3,256,484
    $4,497,231
    $7,753,715

    Comparable in this City

    • Value Estimation
      $780,000
      20,854 SF

      10131 Coors NW Blvd

      SHOPPING CENTER, STRIP CENTER
      10131 Coors NW Blvd, Albuquerque, NM 87114-4045
      View Details
    • Value Estimation
      $1,005,000
      30,412 SF

      6521 Paradise NW Blvd

      SHOPPING CENTER, STRIP CENTER
      6521 Paradise NW Blvd, Albuquerque, NM 87114-6198
      View Details
    • Value Estimation
      $585,000
      15,552 SF

      5740 Night Whisper NW Rd

      SHOPPING CENTER, STRIP CENTER
      5740 Night Whisper NW Rd, Albuquerque, NM 87114-1575
      View Details
    • Value Estimation
      $2,085,000
      84,922 SF

      3601 Old Airport NW Rd

      SHOPPING CENTER, STRIP CENTER
      3601 Old Airport NW Rd, Albuquerque, NM 87114-9258
      View Details
    • Value Estimation
      $2,070,000
      98,600 SF

      3731 Ellison NW Rd

      SHOPPING CENTER, STRIP CENTER
      3731 Ellison NW Rd, Albuquerque, NM 87114-7016
      View Details
    • Value Estimation by Request
      10,500 SF

      3705 Ellison NW Rd

      SHOPPING CENTER, STRIP CENTER
      3705 Ellison NW Rd, Albuquerque, NM 87114-7012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Retail Strip Center For Sale

      Six-suite retail strip center with national and local tenants.
      6510 Paradise Blvd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,438 SF

      NNN Retail Investment Opportunity

      Retail property with absolute NNN lease and rent escalations.
      10830 Unser Blvd NW, Albuquerque, NM 87114
      View Details
    • $750,000
      2,106 SF

      Albuquerque Gas Station For Sale

      Northwest Albuquerque gas station with service station layout.
      1101 Alameda Blvd NW, Albuquerque, NM 87114
      View Details
    • $400,000
      0.27 Acres

      Commercial Property in North Valley

      Versatile commercial property in Albuquerque's North Valley with two spaces.
      9807 4Th St NW, Albuquerque, NM 87114
      View Details
    • $5,500,000
      5,046 SF

      Mixed-Use Investment Opportunity, Albuquerque

      Mixed-use property with retail and residential income streams.
      9368 Valley View Dr NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing

      Former Cannabis Cultivation Operation

      Cultivation operation with infrastructure and retail building in Albuquerque.
      9237 4Th St NW, Albuquerque, NM 87114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Power Center

      Retail spaces available in high-traffic Albuquerque power center.
      9231 Coors Blvd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,282 SF

      Retail Space in Regional Trade Area

      Retail space in a high-traffic regional trade area.
      3703 Ellison Rd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Anchored Center

      Retail space available in a busy, well-located shopping center.
      10250 Cottonwood Park NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing

      Retail Space at Paseo Norte

      Retail space available at a high-traffic Albuquerque intersection.
      9311 Coors Blvd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      7,936 SF

      Retail Space in Albuquerque, NM

      Retail space available in regional trade area.
      3741 Ellison Rd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in High-Traffic Area

      Retail space in a major shopping destination with high visibility.
      9261 Coors Blvd NW, Albuquerque, NM 87114
      View Details

    Property Visit Statistics

    • Visits by month
      34.6k
    • Visitors by month
      22.5k
    • Avg Time on site
      22 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10701 Corrales NW Rd
    Albuquerque, NM 87114-1087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10701 Corrales NW Rd, Albuquerque, NM, 87114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!