Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13031 Central Ave Albuquerque, NM 87123
    Back to Search
    Property profile & analytics

    13031 Central Ave, Albuquerque, NM 87123

    View on Map
    • Hotels
    • 5,203 SF
    • 3.55 lot acres
    For Lease
    View Listing →
    Retail/Office Space For Rent For Lease
    Contact for pricing
    2,000 SF

    Retail/Office Space For Rent

    2,000 SqFt retail or office space available for rent.

    13031 Central Ave, Albuquerque, NM 87123
    View Listing
    Property ID
    US61-0081453
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fabrizio Cory DDS / Dental Office
    • The Studios On Route 66 / Hotel & Motel
    • Suburban Studios East / Hotel & Motel / Vacation Rental
    • Self Storage / Storage Facility
    • Rodeway Inn East / Hotel & Motel

    Property Details for 13031 Central Ave

    Year built
    1974
    Lot size
    3.55 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1-022-056-398-461-1-07-20
    APU
    102205639846110720

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.502
    Latitude
    35.0699
    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
    $100,017
    $252,371
    $463,629
    $716,000
    -
    $757,188
    $1,391,027
    $2,148,215

    Comparable in this City

    • Value Estimation by Request
      7,928 SF

      13141 Central NE Ave

      HOTEL/MOTEL
      13141 Central NE Ave, Albuquerque, NM 87123-3031
      View Details
    • Value Estimation by Request
      15,342 SF

      601 Paisano NE St

      HOTEL/MOTEL
      601 Paisano NE St, Albuquerque, NM 87123-1454
      View Details
    • Value Estimation by Request
      2,498 SF

      9710 Central SE Ave

      HOTEL/MOTEL
      9710 Central SE Ave, Albuquerque, NM 87123-2620
      View Details
    • Value Estimation by Request
      2,912 SF

      75 Hotel NE Cir

      HOTEL/MOTEL
      75 Hotel NE Cir, Albuquerque, NM 87123-1202
      View Details
    • Value Estimation
      $970,000
      39,252 SF

      450 Paisano NE St

      HOTEL/MOTEL
      450 Paisano NE St, Albuquerque, NM 87123-1470
      View Details
    • Value Estimation
      $1,045,000
      29,076 SF

      25 Hotel NE Cir

      HOTEL/MOTEL
      25 Hotel NE Cir, Albuquerque, NM 87123-1202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,376 SF

      845 Juan Tabo Blvd NE, Albuquerque, NM 87123

      Retail space
      845 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • $4,340,000

      Retail Property on Hard Corner

      Fully leased retail property with drive-thru and fee simple ownership.
      845 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      10,000 SF

      Industrial Building Near Kirkland AFB

      Tenant-occupied industrial building with six bays near Kirkland AFB.
      9921 Southern Ave SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Versatile Land with Income Potential

      5.38-acre property with commercial, industrial zoning, and income opportunities.
      40 Rte 66 U.S, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Commercial Property for Sale

      Commercial property available for purchase in Albuquerque, New Mexico.
      10921 Central Ave Northeast, Albuquerque, NM 87123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,480 SF

      Office Space in Tech Park

      Office space for rent in Sandia Science & Tech Park.
      10421 Research Rd SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      2,000 SqFt retail or office space available for rent.
      13031 Central Ave, Albuquerque, NM 87123
      View Details
    • New
      $3,950 /Mo
      10,019 SF

      Versatile Warehouses with Excellent Visibility

      Two warehouse buildings on a fenced lot, ideal for various uses.
      528 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Land in Sandia Technology Park

      Land for build-to-suit near Kirtland AFB and Sandia Labs.
      Eubank Blvd SE, Albuquerque, NM 87123
      View Details
    • Contact for pricing

      Retail Shopping Center For Rent

      Retail shopping center anchored by Dollar General and Chuze Fitness.
      800 Juan Tabo Blvd NE, Albuquerque, NM 87123
      View Details
    • Contact for pricing
      404 SF

      Updated Office Suites For Rent

      Office suites available in a strong business corridor.
      201 Eubank Blvd NE, Albuquerque, NM 87123
      View Details
    View Listing
    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.
    13031 Central Ave
    Albuquerque, NM 87123
    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
    13031 Central Ave, Albuquerque, NM, 87123
    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!