Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2820 Ridgecrest SE Dr Albuquerque, NM 87108-5152
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2820 Ridgecrest SE Dr Albuquerque, NM 87108-5152

    View on Map
    • Residential income homes
    • 7,269 SF
    • 2.50 lot acres
    Off-Market
    Property ID
    US61-0161817
    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
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Day Youth & Family Services / Child Welfare Organization / Charitable Organization
    • Life Skills Academy / Training Center / Tutoring Service

    Property Details for 2820 Ridgecrest SE Dr

    Year built
    1999
    Lot size
    2.50 lot acres
    Property size
    7,269 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    1-018-055-491-309-1-08-20
    APU
    101805549130910820

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,025,000
      6.5%
      $945,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,127,000
      Market price range: $400k - $1.15M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $795,000
      Current use
      COMMERCIAL (GENERAL)
      $1,440,000
      Change: +81% Conversion: Moderate
      RESTAURANT
      $880,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $805,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $790,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $770,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.57
    Latitude
    35.0523
    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
    $0.00
    $78,328
    $353,032
    $431,360
    -
    $235,008
    $1,059,203
    $1,294,211

    Comparable in this City

    • Value Estimation by Request
      4,730 SF

      1120 Louisiana SE Blvd

      BOARDING/ROOMING HOUSE • 4,730 SF
      1120 Louisiana SE Blvd, Albuquerque, NM 87108-5009
      View Details
    • Value Estimation by Request
      1,367 SF

      412 Tennessee St

      Multifamily properties • 1,367 SF
      412 Tennessee St, Albuquerque, NM 87108
      View Details
    • Value Estimation by Request
      2,527 SF

      5700 Copper NE Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,527 SF
      5700 Copper NE Ave, Albuquerque, NM 87108-1671
      View Details
    • Value Estimation by Request
      2,972 SF

      201 Madison NE St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,972 SF
      201 Madison NE St, Albuquerque, NM 87108-1240
      View Details
    • Value Estimation by Request
      2,692 SF

      301 Montclaire SE Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,692 SF
      301 Montclaire SE Dr, Albuquerque, NM 87108-2627
      View Details
    • Value Estimation by Request
      1,992 SF

      324 Texas SE St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,992 SF
      324 Texas SE St, Albuquerque, NM 87108-4191
      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
      View Details
    • $399,950

      Multifamily Property Near UNM

      Two-bedroom units near the University of New Mexico.
      508 Alcazar St SE, Albuquerque, NM 87108
      View Details
    • New
      $295,000
      1,983 SF

      Albuquerque Triplex Investment Opportunity

      Income-generating triplex with potential, centrally located in Albuquerque.
      305 Tennessee St SE, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      8,831 SF

      Value-Add Apartment Investment Opportunity

      Competitively priced apartment complex with value-add potential in Albuquerque.
      7600 Central Ave SE, Albuquerque, NM 87108
      View Details
    • $840,000
      5,452 SF

      Multifamily Investment Opportunity Albuquerque

      Well-maintained 8-unit multifamily property in a central Albuquerque location.
      631 Mesilla St SE, Albuquerque, NM 87108
      View Details
    • $400,000

      Well-Kept Fourplex in Central Area

      Four units in excellent condition, located on Louisiana SE.
      625 Louisiana Blvd SE, Albuquerque, NM 87108
      View Details

    Similar Nearby for Lease

    • $438 /Mo
      3,280 SF

      Valero Gas Station - Albuquerque

      High-volume gas station, strong revenue.
      1620 Carlisle Blvd, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      5,358 SF

      Centrally Located Flex/Industrial Space

      Flex/industrial space for rent, near I-40 and Expo New Mexico.
      217-221 San Pedro Dr NE, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      3,094 SF

      Office Space Available For Rent

      Office space available for rent, suitable for day care.
      1406 San Pedro Dr NE, Albuquerque, NM 87108
      View Details
    • $17 SF/Yr
      3,153 SF

      Renovated Office Space For Rent

      Recently renovated office space with security fence and employee lounge.
      124 Alvarado Dr SE, Albuquerque, NM 87108
      View Details
    • Contact for pricing
      206,278 SF

      Large Retail Box in Albuquerque

      Rare large-format retail space in a densely populated area.
      301 San Mateo Blvd Southeast, Albuquerque, NM 87108
      View Details
    • Contact for pricing

      Retail Space on Gibson Blvd

      Retail space available for rent on Gibson Blvd.
      6301 Gibson Blvd SE, Albuquerque, NM 87108
      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.
    2820 Ridgecrest SE Dr
    Albuquerque, NM 87108-5152
    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!