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    1511 Goff Blvd Southwest Albuquerque, NM 87105
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    1511 Goff Blvd Southwest Albuquerque, NM 87105

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    • Strip malls
    • 0.26 lot acres
    For Lease
    View Listing →
    South Valley Pad Site Available For Lease
    Contact for pricing
    3,000 SF

    South Valley Pad Site Available

    Outparcel of Plaza Rio Retail Center, drive-thru option.

    1511 Goff Boulevard Southwest, Albuquerque, NM 87105
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    Property ID
    US61-0213302
    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

    • Pizza 9 South Valley / Restaurant
    • Iglesia Universal / Church
    • Domino's pizza / Take-out & Catering
    • Dollar Tree / Grocery & Convenience Store / Food Market
    • Jimmy's Best Appliance Repair / Home Appliance Store

    Property Details for 1511 Goff Blvd Southwest

    Lot size
    0.26 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1-012-055-393-393-1-09-16
    APU
    101205539339310916

    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
    -106.679
    Latitude
    35.0548
    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
    $748
    $14,677
    $2,398
    $17,075
    -
    $44,036
    $7,194
    $51,230

    Comparable in this City

    • Value Estimation
      $620,000
      23,324 SF

      5401 Central NW Ave

      SHOPPING CENTER, STRIP CENTER • 23,324 SF
      5401 Central NW Ave, Albuquerque, NM 87105-1958
      View Details
    • Value Estimation
      $1,160,000
      58,794 SF

      1720 Brg SW Blvd

      SHOPPING CENTER, STRIP CENTER • 58,794 SF
      1720 Brg SW Blvd, Albuquerque, NM 87105-3100
      View Details
    • Value Estimation
      $735,000
      32,561 SF

      933 Sunset SW Rd

      SHOPPING CENTER, STRIP CENTER • 32,561 SF
      933 Sunset SW Rd, Albuquerque, NM 87105-3076
      View Details
    • Value Estimation
      $1,100,000
      56,611 SF

      1625 Rio Bravo SW Blvd

      SHOPPING CENTER, STRIP CENTER • 56,611 SF
      1625 Rio Bravo SW Blvd, Albuquerque, NM 87105-6057
      View Details
    • Value Estimation by Request
      17,186 SF

      1511 Goff SW Blvd

      SHOPPING CENTER, STRIP CENTER • 17,186 SF
      1511 Goff SW Blvd, Albuquerque, NM 87105-4074
      View Details
    • Value Estimation by Request
      9,533 SF

      1625 Rio Bravo Blvd Sw Ste, Unit 1

      SHOPPING CENTER, STRIP CENTER • 9,533 SF
      1625 Rio Bravo Blvd Sw Ste, Albuquerque, NM 87105-6058
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with High Traffic Visibility

      Land with high visibility and flexible zoning near I-25.
      200 Rio Bravo Blvd SE, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      2,796 SF

      Established Restaurant Building For Sale

      Restaurant building with indoor and outdoor seating available for sale.
      4703 Central Ave NW, Albuquerque, NM 87105
      View Details
    • $1,400,000
      2,464 SF

      Free-Standing Drive-Through Restaurant

      New 10-year lease with annual rent escalations.
      3550 Isleta Blvd SW, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      8,320 SF

      Albuquerque Retail Investment Opportunity

      Family Dollar NNN property for sale in Albuquerque's South Valley.
      5901 Isleta Blvd SW, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      1,696 SF

      Commercial Space Near Rio Bravo

      Two-level commercial space suitable for retail or residential use.
      3730 Isleta Blvd SW, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      2,803 SF

      Nob Hill Auto Shop

      Corner lot with shop, office, and mechanic station.
      4600 Central Ave SE, Albuquerque, NM 87105
      View Details

    Similar Nearby for Lease

    • 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

      South Valley Pad Site Available

      Outparcel of Plaza Rio Retail Center, drive-thru option.
      1511 Goff Blvd Southwest, Albuquerque, NM 87105
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 1625 Rio Bravo Blvd.
      1625 Rio Bravo Blvd SW, Albuquerque, NM 87105
      View Details
    • Contact for pricing
      1 SF

      Retail Pad Site For Rent

      Retail pad site adjacent to Las Estancias Shopping Center.
      3145 Avanzando Rd SW, 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

      Retail Space Available For Lease

      2,444+- sf retail space available for lease.
      1698 Rio Bravo Blvd SW, Albuquerque, NM 87105
      View Details
    View Listing
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    Albuquerque, NM 87105
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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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