Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1218 Vito Romero SW Rd Albuquerque, NM 87105-7715

    • Residential income homes
    • 1,404 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0223372
    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

    • Residential income homes

    Property Details for 1218 Vito Romero SW Rd

    Year built
    1986
    Lot size
    0.67 lot acres
    Property size
    1,404 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-013-055-094-111-3-05-31
    APU
    101305509411130531

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.671
    Latitude
    35.0471
    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
    $9,841
    $39,960
    $86,202
    $126,162
    -
    $119,892
    $258,633
    $378,525

    Comparable in this City

    • Value Estimation by Request
      1,521 SF

      119 50th NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,521 SF
      119 50th NW St, Albuquerque, NM 87105-1703
      View Details
    • Value Estimation by Request
      2,879 SF

      1442 Sunset SW Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,879 SF
      1442 Sunset SW Rd, Albuquerque, NM 87105-4000
      View Details
    • Value Estimation by Request
      1,344 SF

      125 53rd NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,344 SF
      125 53rd NW St, Albuquerque, NM 87105-5103
      View Details
    • Value Estimation by Request
      1,920 SF

      5901 Central NW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,920 SF
      5901 Central NW Ave, Albuquerque, NM 87105-1966
      View Details
    • Value Estimation by Request
      2,304 SF

      117 63rd NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,304 SF
      117 63rd NW St, Albuquerque, NM 87105
      View Details
    • Value Estimation by Request
      1,782 SF

      521 Isleta SW Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,782 SF
      521 Isleta SW Blvd, Albuquerque, NM 87105-3825
      View Details

    Similar Nearby for Sale

    • $415,000
      Pending

      Albuquerque Quadruplex Investment Opportunity

      Quadruplex in Albuquerque, NM, great investment opportunity, all units occupied.
      560 Estancia Dr NW, Albuquerque, NM 87105
      View Details
    • $249,000
      1,440 SF

      Updated Duplex in Prime Location

      Updated duplex in a desirable Albuquerque neighborhood, close to amenities.
      425 Sunset Rd SW, Albuquerque, NM 87105
      View Details
    • $545,000
      1.80 Acres

      Prime I-25 Albuquerque Land

      1.8-acre commercial lot, ideal drive-thru.
      7540 Isleta Blvd, Albuquerque, NM 87105
      View Details
    • New
      $500,000
      1,268 SF

      Albuquerque Residential Income Property

      Residential income property with three units on 1.2 acres.
      1902 Tapia Blvd SW, Albuquerque, NM 87105
      View Details
    • $296,000
      Pending

      Mixed-Use Property in Albuquerque

      Commercial shop with living quarters and a mobile home.
      3742 Isleta Blvd SW, Albuquerque, NM 87105
      View Details
    • $95,000
      Pending

      Land with Mobile Home

      0.15 acres of land with mobile home and utilities.
      1441 Severo Rd SW, Albuquerque, NM 87105
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      22,405 SF

      Rio Bravo Shopping Center: Lease Opportunity

      South Valley retail space available; high traffic location.
      1698 Rio Bravo Blvd, Albuquerque, NM 87105
      View Details
    • $18 SF/Yr
      20,217 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru in underserved trade area.
      111 Rio Bravo Blvd SE, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      10,103 SF

      Retail Space in El Super Plaza

      Retail, restaurant, and shop space available in Albuquerque, NM.
      4101 Central Ave NW, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      34,781 SF

      Industrial Space Near Distribution Hub

      Industrial property with versatile floor plan and tenant improvement allowance.
      9210 Daytona Rd NW, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      47,480 SF

      Avanzando Retail Pad Site

      Prime South Valley Retail Land
      3145 Avanzando Rd, South Valley, NM 87105
      View Details
    • $595,000
      2,803 SF

      Nob Hill Auto Shop

      Corner lot with shop, office, and mechanic station.
      4600 Central Ave SE, Albuquerque, NM 87105
      View Details
    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.
    1218 Vito Romero SW Rd
    Albuquerque, NM 87105-7715
    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

    Google sign-in failed. Please try again or use another login method.