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

    2600 The American NW Rd Albuquerque, NM 87114

    • Office buildings
    • 29,019 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $3,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0148572
    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

    • Old Republic Title / Title Company / Escrow Service
    • John Crisler, DDS, MAGD / Dental Office
    • Mitchell Dental Studio / Dental Office
    • Steven Mcgough, LMFT / Psychotherapist

    Property Details for 2600 The American NW Rd

    Year built
    1997
    Lot size
    1.44 lot acres
    Property size
    29,019 SF
    Property type
    Office buildings
    APN
    1-013-066-443-375-1-04-56
    APU
    101306644337510456

    Description

    The Summit Building, located at 2600 The American Rd SE in Rio Rancho, New Mexico, offers exceptional executive office space. This Class B building, constructed in 1997, boasts a total of 28,624 square feet situated on a 1.61-acre lot. Currently, there are two available suites ranging from 1,075 to 1,782 square feet, totaling 1,322 square feet of vacant space. The building is zoned A-1 and features stunning panoramic views. The property is conveniently located in the Cottonwood submarket of Bernalillo County (APN: 101306644337510456). The building is multi-tenant. For prospective tenants seeking a build-to-suit option, the landlord is currently preparing a shell space ready for customization to meet specific business needs. This presents a unique opportunity to create a perfectly tailored workspace within a well-maintained and established office building. The property's prime location in Rio Rancho, New Mexico, offers easy access to major transportation routes and amenities. This is an excellent opportunity for businesses seeking high-quality office space with flexibility and stunning views.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,724,000
      Market price range: $1.48M - $4.47M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,955,000
      Current use
      COMMERCIAL (GENERAL)
      $3,510,000
      Change: +19% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,125,000
      Change: +6% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,700,000
      Change: -9% Conversion: Difficult
      RESTAURANT
      $2,375,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.66
    Latitude
    35.2138
    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
    $36,558
    $155,048
    $624,811
    $779,859
    -
    $465,190
    $1,874,620
    $2,339,810

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      7902 4th NW St

      PROFESSIONAL BUILDING • 0.23 Acres
      7902 4th NW St, Los Ranchos, NM 87114-1009
      View Details
    • Value Estimation by Request
      3,752 SF

      10611 4th NW St

      PROFESSIONAL BUILDING • 3,752 SF
      10611 4th NW St, Albuquerque, NM 87114-2405
      View Details
    • Value Estimation by Request
      2,507 SF

      1119 Alameda NW Blvd

      PROFESSIONAL BUILDING • 2,507 SF
      1119 Alameda NW Blvd, Albuquerque, NM 87114-1936
      View Details
    • Value Estimation
      $1,410,000
      12,373 SF

      10320 Cottonwood NW Park

      PROFESSIONAL BUILDING • 12,373 SF
      10320 Cottonwood NW Park, Albuquerque, NM 87114-7008
      View Details
    • Value Estimation by Request
      8,144 SF

      3777 The American NW Rd

      PROFESSIONAL BUILDING • 8,144 SF
      3777 The American NW Rd, Albuquerque, NM 87114-1338
      View Details
    • Value Estimation
      $4,480,000
      68,767 SF

      4580 Paradise NW Blvd

      PROFESSIONAL BUILDING • 68,767 SF
      4580 Paradise NW Blvd, Albuquerque, NM 87114-4105
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      252.00 Acres

      Volcano Heights: Prime Development Land

      252 Acres, Mixed-Use Zoning, Albuquerque
      & Paseo Del Norte Neq Unser Blvd, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      0.88 Acres

      Albuquerque Retail Land - Prime Location

      High-growth area, level sites, ready to build.
      0 Universe Blvd, Albuquerque, NM 87114
      View Details
    • $85,000
      5.00 Acres

      Albuquerque Land For Sale

      Five acre land parcel zoned for rural agricultural use.
      1310 Bella Ln NW, Albuquerque, NM 87114
      View Details
    • $1,149,984

      Golf Course Road Commercial Land

      Commercial land with frontage on Golf Course Road available for sale.
      10835 Golf Course Rd NW, Albuquerque, NM 87114
      View Details
    • $400,000
      0.93 Acres

      Residential Lot in North Valley

      Nearly one-acre residential lot in Albuquerque's desirable North Valley.
      808 Camino Del Prado NW, Albuquerque, NM 87114
      View Details
    • New
      $149,999
      0.25 Acres

      Los Ranchos Fenced Lot

      Quarter-acre fenced lot with utilities and manufactured trailer.
      513 Garduno Dr NW, Los Ranchos, NM 87114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,300 SF

      Cottonwood Mall Retail/Office Space

      Albuquerque Flex Space: 41,300 SF Available
      10000 Coors Byp, Albuquerque, NM 87114
      View Details
    • $2,000 /Mo
      910 SF

      Move-In Ready Office Space

      910 SF office space available for immediate use.
      9670 Eagle Ranch Rd NW, Albuquerque, NM 87114
      View Details
    • $1,950 /Mo
      20,909 SF

      Albuquerque Commercial Unit For Lease

      Functional office and warehouse space available for immediate occupancy.
      100 Mountain Park Pl, Albuquerque, NM 87114
      View Details
    • $24 SF/Yr
      7,500 SF

      North Valley Medical Office Space

      7,500 SF Office Building, Albuquerque, NM
      9100 2Nd St, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      84,488 SF

      Spacious Retail/Office Space Available

      Large retail or office space in busy Albuquerque trade area.
      10000 Coors Bypass Blvd Northwest, Albuquerque, NM 87114
      View Details
    • Contact for pricing
      44,867 SF

      Unser Blvd Retail Pad Site

      Prime 1-Acre Retail Pad, Drive-Thru Permissive
      0 Albuquerque Nm, 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.
    2600 The American 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.