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

    11715 Central NE Ave Albuquerque, NM 87123-2909

    • Drive through restaurants
    • 1,372 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2021
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0286832
    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

    • Sonic Drive-In / Fast Food Restaurant

    Property Details for 11715 Central NE Ave

    Year built
    1991
    Lot size
    0.69 lot acres
    Property size
    1,372 SF
    Property type
    Drive through restaurants
    APN
    1-021-056-483-469-1-10-11
    APU
    102105648346911011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $183,000
      Market price range: $91.1k - $184k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.516
    Latitude
    35.0705
    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
    $4,209
    $69,543
    $18,183
    $87,726
    -
    $208,650
    $54,554
    $263,204

    Comparable in this City

    • Value Estimation
      $330,000
      3,650 SF

      10210 Central NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,650 SF
      10210 Central NE Ave, Albuquerque, NM 87123-2746
      View Details
    • Value Estimation
      $255,000
      2,162 SF

      10015 Central NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,162 SF
      10015 Central NE Ave, Albuquerque, NM 87123-2625
      View Details
    • Value Estimation
      $255,000
      3,286 SF

      305 Eubank NE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,286 SF
      305 Eubank NE Blvd, Albuquerque, NM 87123-2711
      View Details
    • Value Estimation
      $310,000
      3,652 SF

      425 Eubank NE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,652 SF
      425 Eubank NE Blvd, Albuquerque, NM 87123-2712
      View Details
    • Value Estimation
      $295,000
      2,143 SF

      700 Juan Tabo NE Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,143 SF
      700 Juan Tabo NE Blvd, Albuquerque, NM 87123-1425
      View Details
    • Value Estimation
      $290,000
      2,218 SF

      10601 Central NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,218 SF
      10601 Central NE Ave, Albuquerque, NM 87123-2723
      View Details

    Similar Nearby for Sale

    • $800,000
      4,080 SF

      Restaurant/Commissary with Drive-Up Window

      Turn-key restaurant with drive-up, multiple kitchens, and BBQ pit.
      11301 Central Ave NE, Albuquerque, NM 87123
      View Details
    • $399,000
      1,558 SF

      Retail or Restaurant Space Available

      Retail or restaurant space for sale or lease.
      13207 Central Ave NE, Albuquerque, NM 87123
      View Details
    • $2,896,000
      1,310 SF

      Starbucks Leased Investment Opportunity

      NNN leased Starbucks with long term lease and options.
      220 Tramway Blvd SE, Albuquerque, NM 87123
      View Details
    • $279,000
      2,022 SF

      Retail Space Near Walmart

      Retail space with high visibility near a Walmart shopping center.
      2414 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • $1,800,000
      20,500 SF

      Occupied Retail Center For Sale

      Retail center on Juan Tabo Blvd NE, Albuquerque, NM
      1016 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • $1,000,000

      Auto Mechanic Shop For Sale

      Established auto mechanic shop with real estate, business, and equipment.
      2401 Wyoming Blvd NE, Albuquerque, NM 87123
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,850 SF

      Retail Space in North Towne

      Retail space available in Whole Foods anchored North Towne Plaza.
      5901 Wyoming Blvd NE, Albuquerque, NM 87123
      View Details
    • $18 SF/Yr
      3,600 SF

      Tramway Blvd Retail Space Available

      Retail space available at a signalized hard corner location.
      417 Tramway Blvd NE, Albuquerque, NM 87123
      View Details
    • $18 SF/Yr
      6,226 SF

      Albuquerque Restaurant - I-40 Frontage

      Prime location, fully equipped, 6,226 sq ft.
      15 Hotel Cir, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      23,497 SF

      Retail Space in High-Traffic Corridor

      Retail space available in a high-traffic Albuquerque location.
      36-40 Hotel Cir NE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      64,297 SF

      Manzano Center: Retail Investment Opportunity

      High-traffic retail center, 5 spaces available.
      800 Juan Tabo Blvd, Albuquerque, NM 87123
      View Details
    • $12 SF/Yr
      2,529 SF

      Retail Space on Eubank Boulevard

      Retail space in high-traffic area with national co-tenants.
      1400 Eubank Blvd NE, Albuquerque, NM 87123
      View Details

    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      10.7k
    • Avg Time on site
      9 min
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    Albuquerque, NM 87123-2909
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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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