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Property profile & analytics
OFF-MARKET Estimated value $2,450,000
Hotels

1901 University NE Blvd Albuquerque, NM 87102-1713

154,475 SF 10.43 ac lot Built 1971
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US61-0169302
Property summary
AI-generated overview

This exceptional Albuquerque property offers a unique investment opportunity encompassing a substantial 26,000 square foot restaurant space. Situated on approximately 12 acres of land, this retail property presents significant potential. The location is highly desirable, boasting excellent visibility and accessibility at the intersection of Interstates 25 and 40. The property also includes a 450-room hotel complex featuring both Crowne Plaza and Fairfield Inn brands. The hotel component offers 450 occupancy-ready rooms, including 17 ADA-compliant rooms. Further enhancing the property's appeal is approximately 26,000 square feet of meeting and event space, complemented by indoor and outdoor recreational areas, including swimming pools. The expansive 12-acre lot provides ample space for future development, presenting exciting possibilities for expansion or diversification. This combined restaurant and hotel property represents a rare chance to acquire a significant asset in a prime Albuquerque location with substantial existing infrastructure and considerable growth potential. The property is located at 1901 University Blvd NE and 1780 Menaul Blvd NE, Albuquerque, NM 87102, in Bernalillo County.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1971
Total area 154,475 SF
Lot 10.43 ac (454,331 SF)
APN 1-015-059-416-211-4-07-05
UPID US61-0169302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • New Mexico Dance Challenge Nightclub Music Venue
  • University Village Apartment Complex
  • Stone Street Cafe & Grill Restaurant
  • Avis Car Rental Car Rental Facility
  • Budget Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.45M
Owner & transaction history
Wireless Propco LLC · 1 yrs held
Wireless Propco LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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