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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1909 Candelaria NW Rd Albuquerque, NM 87107

    • Specialty properties
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0139749
    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

    • Specialty properties

    Property Details for 1909 Candelaria NW Rd

    Lot size
    0.20 lot acres
    Property type
    Specialty properties
    APN
    1-013-060-242-285-2-07-44
    APU
    101306024228520744

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.667
    Latitude
    35.1243
    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
    $814
    $13,042
    $1,671
    $14,713
    -
    $39,131
    $5,014
    $44,145

    Comparable in this City

    • Value Estimation
      $275,000
      3,120 SF

      424 Candelaria NW Rd

      CHARITABLE ORGANIZATION • 3,120 SF
      424 Candelaria NW Rd, Albuquerque, NM 87107-2402
      View Details
    • Value Estimation
      $290,000
      7,770 SF

      2919 4th NW St

      FUNERAL HOME • 7,770 SF
      2919 4th NW St, Albuquerque, NM 87107-1315
      View Details
    • Value Estimation
      $335,000
      5,180 SF

      6901 2nd NW St

      VETERINARY, ANIMAL HOSPITAL • 5,180 SF
      6901 2nd NW St, Albuquerque, NM 87107-6007
      View Details
    • Value Estimation
      $285,000
      0.94 Acres

      5728 Edith NE Blvd

      COMMERCIAL MISC • 0.94 Acres
      5728 Edith NE Blvd, Albuquerque, NM 87107-5075
      View Details
    • Value Estimation
      $275,000
      2,727 SF

      1913 Candelaria NW Rd

      VETERINARY, ANIMAL HOSPITAL • 2,727 SF
      1913 Candelaria NW Rd, Albuquerque, NM 87107-2854
      View Details
    • Value Estimation
      $285,000
      1,141 SF

      920 Grn Vly NW Rd

      CHARITABLE ORGANIZATION • 1,141 SF
      920 Grn Vly NW Rd, Los Ranchos, NM 87107-6343
      View Details

    Similar Nearby for Sale

    • $125,000
      0.50 Acres

      Albuquerque Land For Sale

      Land available in Albuquerque, New Mexico.
      6207 Edith Blvd NE, Albuquerque, NM 87107
      View Details
    • $260,000
      0.14 Acres

      Albuquerque Commercial Land - $260K

      0.14-acre lot, gated, secure storage, income.
      4004 2Nd St, Albuquerque, NM 87107
      View Details
    • $2,050,000
      12,209 SF

      Albuquerque Auto Shop Investment

      High-Cap Rate Retail/Industrial
      4200 4Th St, Albuquerque, NM 87107
      View Details
    • $425,000
      Pending

      Los Ranchos Vacant Land

      Vacant lot in Los Ranchos with irrigation rights.
      7404 Guadalupe Trl NW, Los Ranchos, NM 87107
      View Details
    • $89,000
      0.09 Acres

      Land in Albuquerque's North Valley

      Residential lot in desirable North Valley location with utilities.
      4208 Trinity Pl NW, Albuquerque, NM 87107
      View Details
    • $2,500,000
      13,875 SF

      Albuquerque Days Inn Investment

      46-unit hotel, fully renovated, prime location.
      1520 Candelaria Rd NE, Albuquerque, NM 87107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,904 SF

      Menaul Blvd Retail Ground Lease

      High-traffic corner lot, ideal for drive-thru.
      401 Menaul Blvd, Albuquerque, NM 87107
      View Details
    • Contact for pricing

      Albuquerque Commercial Land Opportunity

      Secure .14-Acre Lot w/Income
      4004 2Nd St, Albuquerque, NM 87107
      View Details
    • $18 SF/Yr
      341 SF

      Office Space in Mossman Building

      Office space for lease in the heart of the Heights.
      Montgomery Blvd NE 7410, Albuquerque, NM 87107
      View Details
    • $7 SF/Yr
      1,800 SF

      Office and Warehouse Space Available

      Premium office and warehouse space for lease on Edith Blvd.
      6224 Edith Blvd NE, Albuquerque, NM 87107
      View Details
    • Contact for pricing
      7,310 SF

      Restaurant Pad Fronting Interstate 25

      Restaurant pad site with high traffic counts on Interstate 25.
      4040 Pan American Fwy, Albuquerque, NM 87107
      View Details
    • $11 SF/Yr
      49,953 SF

      Spacious Industrial Flex Space Available

      49953 SF flex space with ample parking for rent.
      3101 Menaul Blvd NE, Albuquerque, NM 87107
      View Details
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    1909 Candelaria NW Rd
    Albuquerque, NM 87107
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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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