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

    124 Alvarado SE Dr Albuquerque, NM 87108-2940

    • Individual retail properties
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0339113
    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

    • Donald Doty / Physician
    • Active Life Orthotics & Prosthetics / Orthotics & Prosthetics Service
    • Medical Consulting Media, Inc. / Marketing & Advertising / Advertising Agency

    Property Details for 124 Alvarado SE Dr

    Lot size
    0.14 lot acres
    Property type
    Individual retail properties
    APN
    1-018-057-148-117-3-19-03
    APU
    101805714811731903

    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
    -106.581
    Latitude
    35.076
    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
    $651
    $10,097
    $3,468
    $13,565
    -
    $30,294
    $10,404
    $40,698

    Comparable in this City

    • Value Estimation by Request
      3,076 SF

      4600 Copper NE Ave

      GYM, HEALTH SPA • 3,076 SF
      4600 Copper NE Ave, Albuquerque, NM 87108-1271
      View Details
    • Value Estimation by Request
      10,400 SF

      131 Monroe NE St

      GYM, HEALTH SPA • 10,400 SF
      131 Monroe NE St, Albuquerque, NM 87108-1246
      View Details
    • Value Estimation by Request
      6,304 SF

      124 Alvarado SE Dr

      GYM, HEALTH SPA • 6,304 SF
      124 Alvarado SE Dr, Albuquerque, NM 87108-2940
      View Details
    • Value Estimation by Request
      0.10 Acres

      5900 Zuni SE Rd

      STORE, RETAIL OUTLET • 0.10 Acres
      5900 Zuni SE Rd, Albuquerque, NM 87108-3046
      View Details
    • Value Estimation by Request
      0.14 Acres

      Cagua NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      Cagua NE Dr, Albuquerque, NM 87108
      View Details
    • Value Estimation by Request

      5300 Copper NE Ave

      FINANCIAL BUILDING
      5300 Copper NE Ave, Albuquerque, NM 87108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      206,278 SF

      Prime Albuquerque Retail Box

      206,278 SF Vacant Walmart
      301 San Mateo Blvd, Albuquerque, NM 87108
      View Details
    • $250,000
      1,250 SF

      East Nob Hill Commercial Space

      1,250 SF Office/Retail, $250K
      332 Adams St, Albuquerque, NM 87108
      View Details
    • $437,500
      0.26 Acres

      Nob Hill Commercial Opportunity

      Three office/retail spaces in high-visibility location with parking.
      4202-4208 Lead Ave SE, Albuquerque, NM 87108
      View Details
    • $699,888
      3,254 SF

      Commercial Building on Gibson Blvd

      3,254 sq ft building on 1-acre lot for sale.
      6410 Gibson Blvd SE, Albuquerque, NM 87108
      View Details
    • $1,880,000
      3,280 SF

      Valero Gas Station - Albuquerque

      High-traffic location, strong NOI.
      1620 Carlisle Blvd, Albuquerque, NM 87108
      View Details
    • $9,000,000
      206,278 SF

      Large Retail Box in Albuquerque

      Rare large-format retail building in a densely populated area.
      301 San Mateo Blvd NE, Albuquerque, NM 87108
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      7,533 SF

      Southeast Retail Center - Acoma Rd

      Prime Retail Space, Cannabis Friendly, Two Suites Available
      5409 Acoma Rd, Albuquerque, NM 87108
      View Details
    • $10 SF/Yr
      14,204 SF

      Downtown Albuquerque Retail Gem

      14,204 SF Freestanding Retail Building
      5201 Central Ave, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      206,278 SF

      Albuquerque Retail Supercenter Opportunity

      Massive Retail Space, Redevelopment Potential
      301 San Mateo Blvd, Albuquerque, NM 87108
      View Details
    • $1,100 /Mo
      1,269 SF

      Updated Retail or Office Space

      Recently updated retail or office space with fenced storage.
      708 San Mateo Blvd SE, Albuquerque, NM 87108
      View Details
    • $10 SF/Yr
      14,100 SF

      Albuquerque Medical Office Building

      14,100 SF Freestanding Medical Office
      7105 Central Ave, Albuquerque, NM 87108
      View Details
    • $14 SF/Yr
      2,650 SF

      Retail Space in Uptown Albuquerque

      Retail space with high traffic exposure in Uptown Albuquerque.
      2645 Louisiana Blvd NE, Albuquerque, NM 87108
      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.
    124 Alvarado SE Dr
    Albuquerque, NM 87108-2940
    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.