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    Property profile & analytics

    240 Louisiana NE Blvd Albuquerque, NM 87108-2060

    • Residential income homes
    • 5,400 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Aug 15, 2023
    Location Intelligence
    Property ID
    US61-0144338
    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

    • Residential income homes

    Property Details for 240 Louisiana NE Blvd

    Year built
    1959
    Lot size
    0.31 lot acres
    Property size
    5,400 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-019-057-011-259-3-20-14
    APU
    101905701125932014

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.568
    Latitude
    35.0797
    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
    $3,442
    $25,507
    $55,031
    $80,538
    -
    $76,529
    $165,109
    $241,638

    Comparable in this City

    • Value Estimation
      $340,000
      504 SF

      6724 Cochiti SE Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 504 SF
      6724 Cochiti SE Rd, Albuquerque, NM 87108-3158
      View Details
    • Value Estimation
      $370,000
      4,320 SF

      403 Graceland SE Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,320 SF
      403 Graceland SE Dr, Albuquerque, NM 87108-2781
      View Details
    • Value Estimation
      $365,000
      1,270 SF

      218 Cagua NE Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,270 SF
      218 Cagua NE Dr, Albuquerque, NM 87108-1856
      View Details
    • Value Estimation by Request
      2,210 SF

      245 10th NE St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,210 SF
      245 10th NE St, Albuquerque, NM 87108-5837
      View Details
    • Value Estimation
      $350,000
      2,066 SF

      445 Georgia SE St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,066 SF
      445 Georgia SE St, Albuquerque, NM 87108-3874
      View Details
    • Value Estimation
      $325,000
      1,708 SF

      4908 Grand NE Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,708 SF
      4908 Grand NE Ave, Albuquerque, NM 87108-5356
      View Details

    Similar Nearby for Sale

    • $399,900
      0.65 Acres

      Albuquerque Development Site with Plans

      Development site with approved 24-unit apartment plans. Owner financing available.
      6525 Cochiti Rd SE, Albuquerque, NM 87108
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    • $668,000
      4,939 SF

      Albuquerque Multifamily Investment Opportunity

      4,939 SF building with 7 units in Albuquerque.
      345 Bell Ave SE, Albuquerque, NM 87108
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    • $399,950
      2,924 SF

      Multifamily Property Near UNM

      Two-bedroom units near the University of New Mexico.
      508 Alcazar St SE, Albuquerque, NM 87108
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    • $370,000
      0.16 Acres

      Albuquerque Fourplex Investment Opportunity

      Fully rented fourplex in La Mesa neighborhood, Albuquerque.
      415 Wisconsin St NE, Albuquerque, NM 87108
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    • $1,070,000
      7,528 SF

      Albuquerque Multifamily Investment Opportunity

      Updated 10-unit multifamily property with strong rental history and 100% occupancy.
      1036 Alvarado Dr SE, Albuquerque, NM 87108
      View Details
    • $5,317,173
      33,000 SF

      Albuquerque Multifamily Investment Opportunity

      Multifamily property near Nob Hill and University of New Mexico.
      419 Monroe St NE, Albuquerque, NM 87108
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      5,358 SF

      Prime San Pedro Creative Office Space

      5,358 SF Single-Tenant Creative Office
      221 San Pedro Dr, Albuquerque, NM 87108
      View Details
    • $12 SF/Yr
      7,533 SF

      Southeast Retail Center - Acoma Rd

      Prime Retail Space, Cannabis Friendly, Two Suites Available
      5409 Acoma Rd, Albuquerque, NM 87108
      View Details
    • $1,000 /Mo
      4,792 SF

      Nob Hill Retail/Office Suites

      Retail or office suites in vibrant Nob Hill neighborhood.
      4204-4208 Lead Ave SE, Albuquerque, NM 87108
      View Details
    • $500 /Mo
      1,929 SF

      Executive Office Space Available

      Office space for rent with included amenities and convenient location.
      131 Madison St NE, Albuquerque, NM 87108
      View Details
    • $438 /Mo
      3,280 SF

      Valero Gas Station - Albuquerque

      High-volume gas station, strong revenue.
      1620 Carlisle Blvd, Albuquerque, NM 87108
      View Details
    • $25 SF/Yr
      1,400 SF

      Prime Retail Space - Gibson Blvd SE

      1,400 SF Freestanding Retail Building
      5800 Gibson Blvd, Albuquerque, NM 87108
      View Details
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    240 Louisiana NE Blvd
    Albuquerque, NM 87108-2060
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    Realmo Value Estimation

    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.

    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.

    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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