Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2517 Virginia NE St Albuquerque, NM 87110-4641

    • Auto shops
    • 2,109 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0084962
    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

    • Japanese Car Care / Auto Repair Shop

    Property Details for 2517 Virginia NE St

    Year built
    1978
    Lot size
    0.19 lot acres
    Property size
    2,109 SF
    Property type
    Auto shops
    APN
    1-019-059-458-301-1-06-06
    APU
    101905945830110606

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.554
    Latitude
    35.1102
    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
    $2,062
    $16,203
    $26,775
    $42,978
    -
    $48,614
    $80,333
    $128,947

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      7501 Menaul NE Blvd

      AUTO REPAIR, GARAGE • 4,000 SF
      7501 Menaul NE Blvd, Albuquerque, NM 87110-3637
      View Details
    • Value Estimation by Request
      2,892 SF

      7700 Lomas NE Blvd

      AUTO REPAIR, GARAGE • 2,892 SF
      7700 Lomas NE Blvd, Albuquerque, NM 87110-7414
      View Details
    • Value Estimation by Request
      2,135 SF

      3000 Carlisle NE Blvd

      AUTO REPAIR, GARAGE • 2,135 SF
      3000 Carlisle NE Blvd, Albuquerque, NM 87110-1655
      View Details
    • Value Estimation by Request
      4,614 SF

      5110 Headingly NE Ave

      AUTO REPAIR, GARAGE • 4,614 SF
      5110 Headingly NE Ave, Albuquerque, NM 87110-1810
      View Details
    • Value Estimation by Request
      2,400 SF

      4117 Menaul NE Blvd

      AUTO REPAIR, GARAGE • 2,400 SF
      4117 Menaul NE Blvd, Albuquerque, NM 87110-2911
      View Details
    • Value Estimation by Request
      3,600 SF

      4907 Menaul NE Blvd

      AUTO REPAIR, GARAGE • 3,600 SF
      4907 Menaul NE Blvd, Albuquerque, NM 87110-3041
      View Details

    Similar Nearby for Sale

    • $3,632,000
      20,685 SF

      Albuquerque Retail NNN Investment Opportunity

      NNN leased retail property with excellent visibility and traffic.
      4340 Cutler Ave NE, Albuquerque, NM 87110
      View Details
    • $140,000
      1,000 SF

      Retail Property on San Mateo

      Retail property available for sale in Albuquerque, New Mexico.
      2141 San Mateo Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      6,960 SF

      Retail Space on San Mateo

      Retail property on a hard corner with high traffic.
      2807 San Mateo Blvd NE, Albuquerque, NM 87110
      View Details
    • $2,933,333
      6,000 SF

      High-Performing Red Robin Restaurant

      Albuquerque, NM: Strong ROI, Ground Lease
      2100 Louisiana Blvd, Albuquerque, NM 87110
      View Details
    • $3,371,789
      12,706 SF

      Retail Center Near Interstate 40

      Four-tenant retail center with freeway visibility and strong customer base.
      4360 Cutler Ave NE, Albuquerque, NM 87110
      View Details
    • $1,300,000
      2,591 SF

      Retail Space in High-Traffic Area

      Retail property with high visibility in Albuquerque, NM.
      5205 Menaul Blvd NE, Albuquerque, NM 87110
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      11,655 SF

      High-Visibility Retail Space Available

      Retail space with high visibility and convenient parking.
      4910 Lomas Blvd Northeast, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      3,000 SF

      Winrock Restaurant Sublease

      Albuquerque restaurant space available.
      2100 Louisiana Blvd, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      9,120 SF

      Prime Retail Spaces, Albuquerque

      High-visibility corner retail, I-40 access.
      2529 San Mateo Blvd, Albuquerque, NM 87110
      View Details
    • $12 SF/Yr
      16,284 SF

      Freestanding Building on Menaul Blvd

      Freestanding building with drive-thru, excellent visibility, and multiple access.
      3600 Menaul Blvd NE, Albuquerque, NM 87110
      View Details
    • $15 SF/Yr
      1,989 SF

      Retail Space Available For Lease

      1,002 SF retail space for lease in Albuquerque.
      2900 San Mateo Blvd NE, Albuquerque, NM 87110
      View Details
    • $2,200 /Mo
      1,000 SF

      Retail Space on Lomas Boulevard

      Retail space available for lease on Lomas Boulevard.
      5018 Lomas Blvd NE, Albuquerque, NM 87110
      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.
    2517 Virginia NE St
    Albuquerque, NM 87110-4641
    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.