Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    201 Alameda NW Rd Albuquerque, NM 87114
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    201 Alameda NW Rd Albuquerque, NM 87114

    View on Map
    • Grocery and convenience stores
    • 3,100 SF
    • 0.89 lot acres
    Off-Market
    Last Sale Jun 29, 2021
    Property ID
    US61-1276144
    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

    • Grocery and convenience stores

    Property Details for 201 Alameda NW Rd

    Year built
    2021
    Lot size
    0.89 lot acres
    Property size
    3,100 SF
    Property type
    Grocery and convenience stores
    APN
    1-016-065-209-001-3-05-50
    APU
    101606520900130550

    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
    -106.615
    Latitude
    35.1887
    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
    $10,018
    $70,116
    $158,652
    $228,768
    -
    $210,370
    $476,003
    $686,373

    Comparable in this City

    • Value Estimation by Request
      1,656 SF

      10731 Corrales NW Rd

      CONVENIENCE STORE • 1,656 SF
      10731 Corrales NW Rd, Albuquerque, NM 87114-1343
      View Details
    • Value Estimation by Request
      3,340 SF

      9690 Golf Crse NW Rd

      CONVENIENCE STORE • 3,340 SF
      9690 Golf Crse NW Rd, Albuquerque, NM 87114-3902
      View Details
    • Value Estimation
      $1,420,000
      55,591 SF

      4800 Mcmahon NW Blvd

      GROCERY, SUPERMARKET • 55,591 SF
      4800 Mcmahon NW Blvd, Albuquerque, NM 87114-5010
      View Details
    • Value Estimation by Request
      2,247 SF

      5647 Paradise NW Blvd

      CONVENIENCE STORE • 2,247 SF
      5647 Paradise NW Blvd, Albuquerque, NM 87114-4725
      View Details
    • Value Estimation by Request
      2,400 SF

      191 Alameda NW Blvd

      CONVENIENCE STORE • 2,400 SF
      191 Alameda NW Blvd, Albuquerque, NM 87114-2136
      View Details
    • Value Estimation by Request
      1,568 SF

      9508 2nd NW St

      CONVENIENCE STORE • 1,568 SF
      9508 2nd NW St, Albuquerque, NM 87114-1619
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,700 SF

      New Albuquerque Circle K For Sale

      New Circle K on 1.57 acre site for sale.
      9620 Eagle Ranch Rd NW, Albuquerque, NM 87114
      View Details
    • $2,921,000
      1,438 SF

      NNN Retail Investment Opportunity

      Retail property with absolute NNN lease and rent escalations.
      10830 Unser Blvd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      16,464 SF

      Albuquerque Retail NNN Investment Opportunity

      NNN property with long-term lease and no landlord responsibilities.
      4665 Irving Blvd NW, Albuquerque, NM 87114
      View Details
    • New
      $5,500,000
      5,046 SF

      Mixed-Use Investment Opportunity, Albuquerque

      Mixed-use property with retail and residential income streams.
      9368 Valley View Dr NW, Albuquerque, NM 87114
      View Details
    • $400,000
      0.27 Acres

      Commercial Property in North Valley

      Versatile commercial property in Albuquerque's North Valley with two spaces.
      9807 4Th St NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing

      Former Cannabis Cultivation Operation

      Cultivation operation with infrastructure and retail building in Albuquerque.
      9237 4Th St NW, Albuquerque, NM 87114
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      7,936 SF

      Retail Space in Albuquerque, NM

      Retail space available in regional trade area.
      3741 Ellison Rd NW, Albuquerque, NM 87114
      View Details
    • $15 SF/Yr
      9,286 SF

      Grocery Store Space Available

      9,286 SF fully equipped grocery store for rent.
      3601 Old Airport Rd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Power Center

      Retail spaces available in high-traffic Albuquerque power center.
      9231 Coors Blvd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,282 SF

      Retail Space in High-Traffic Area

      Retail space in a regional draw area with high visibility.
      3707 Ellison Rd NW, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,568 SF

      Retail Showroom on Alameda Boulevard

      Retail space with high visibility and traffic.
      4801 Alameda Blvd NE, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      1,650 SF

      High-Traffic Retail Space Available

      Retail space with drive-thru options at a high-traffic intersection.
      10621 Unser Blvd NW, Albuquerque, NM 87114
      View Details
    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.
    201 Alameda NW Rd
    Albuquerque, NM 87114
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!