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    Property profile & analytics

    1400 Eubank Blvd NE Albuquerque, NM 87123

    • Strip malls
    • 45,105 SF
    • 3.47 lot acres
    For Lease
    View listing
    Value Estimations
    $1,130,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0201019
    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

    • Team Technologies / Factory / Production Facility
    • Cottonwood Technology Fund / Corporate Office / Financial Advisor
    • ComScire - Quantum World Corporation / IT Consulting Firm / Tech Support Center
    • Sachs New Mexico Real Estate / Real Estate Agency
    • Tavern of Souls Gaming / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center

    Property Details for 1400 Eubank Blvd NE

    Year built
    1956
    Lot size
    3.47 lot acres
    Property size
    45,105 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-021-058-023-289-2-01-05
    APU
    102105802328920105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,367,000
      Market price range: $1.26M - $1.76M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,495,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.532
    Latitude
    35.0954
    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
    $41,278
    $384,659
    $475,737
    $860,396
    -
    $1,154,092
    $1,427,355
    $2,581,447

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Albuquerque, NM 87112

      SHOPPING CENTER, STRIP CENTER • 0.17 Acres
      Albuquerque, NM 87112
      View Details
    • Value Estimation by Request
      17,732 SF

      1431 Eubank NE Blvd

      SHOPPING CENTER, STRIP CENTER • 17,732 SF
      1431 Eubank NE Blvd, Albuquerque, NM 87112-4110
      View Details
    • Value Estimation
      $875,000
      25,091 SF

      1500 Eubank NE Blvd

      SHOPPING CENTER, STRIP CENTER • 25,091 SF
      1500 Eubank NE Blvd, Albuquerque, NM 87112-4113
      View Details
    • Value Estimation by Request
      18,620 SF

      2918 Eubank NE Blvd

      SHOPPING CENTER, STRIP CENTER • 18,620 SF
      2918 Eubank NE Blvd, Albuquerque, NM 87112-1462
      View Details
    • Value Estimation by Request
      16,505 SF

      912 Eubank NE Blvd

      SHOPPING CENTER, STRIP CENTER • 16,505 SF
      912 Eubank NE Blvd, Albuquerque, NM 87112-5308
      View Details
    • Value Estimation
      $660,000
      20,510 SF

      1016 Juan Tabo NE Blvd

      SHOPPING CENTER, STRIP CENTER • 20,510 SF
      1016 Juan Tabo NE Blvd, Albuquerque, NM 87112-5802
      View Details

    Similar Nearby for Sale

    • $1,350,000
      7,425 SF

      2430 Juan Tabo Blvd

      Retail space • 7,425 SF
      2430 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • $339,000
      Pending

      Foothills Office/Retail Space Available

      Office or retail space for sale near Tramway and Menaul.
      12801 Menaul Blvd NE, Albuquerque, NM 87112
      View Details
    • $179,000
      850 SF

      Albuquerque Condo with Spacious Bedrooms

      Condo near amenities, walking trails, and Sandia Mountains.
      12000 Stilwell Pl NE, Albuquerque, NM 87112
      View Details
    • New
      $275,000
      0.32 Acres

      Foothills Land with Sunset Views

      Residential land in Sandia Foothills with views and trail access.
      13901 Lomas Blvd NE, Albuquerque, NM 87112
      View Details
    • $579,429
      3,107 SF

      Albuquerque Triplex Investment

      NE Heights, 3-unit apartment building
      12229 Menaul Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing

      Land For Sale

      Land with retail and multi-family development opportunity.
      12700 Lomas Blvd NE, Albuquerque, NM 87112
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr

      Retail Space on Juan Tabo

      Neighborhood shopping center with high visibility and ample parking.
      1605 Juan Tabo Blvd NE, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      30,188 SF

      Albuquerque Restaurant Space Available

      Prime Restaurant Space, Multiple Units
      11130 Lomas Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      7,390 SF

      Wyoming Mall Retail Space

      NE Heights Shopping Center, 2 Spaces Available
      2210 Wyoming Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      1,500 SF

      Foothills Shopping Center Retail Space

      Retail space available in the Foothills Shopping Center.
      11035 Menaul Blvd NE, Albuquerque, NM 87112
      View Details
    • Contact for pricing

      Retail Center Endcap Suites Available

      Retail suites available in Albuquerque's Northeast Heights near Menaul.
      2433 Wyoming Blvd NE, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      33,000 SF

      Redeveloped Shopping Center Opportunity

      Redeveloped shopping center suitable for retail, restaurant, or medical uses.
      2240 Wyoming Blvd NE, Albuquerque, NM 87112
      View Details
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    Albuquerque, NM 87123
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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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