Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3050 Twin Oaks NW Dr Albuquerque, NM 87120-3191

    • Warehouses
    • 24,676 SF
    • 3.65 lot acres
    OFF-MARKET
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0289684
    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

    • Extra Space Storage / Storage Facility

    Property Details for 3050 Twin Oaks NW Dr

    Year built
    2006
    Lot size
    3.65 lot acres
    Property size
    24,676 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1-010-060-050-012-3-11-24
    APU
    101006005001231124

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $778,000
      Market price range: $779k - $3.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.726
    Latitude
    35.1166
    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
    $33,624
    $241,297
    $459,555
    $700,852
    -
    $723,962
    $1,378,802
    $2,102,764

    Comparable in this City

    • Value Estimation
      $800,000
      5,808 SF

      2559 Coors NW Blvd

      MINI-WAREHOUSE, STORAGE • 5,808 SF
      2559 Coors NW Blvd, Albuquerque, NM 87120-1213
      View Details
    • Value Estimation
      $785,000
      5,710 SF

      6971 Taylor Rnch NW Rd

      MINI-WAREHOUSE, STORAGE • 5,710 SF
      6971 Taylor Rnch NW Rd, Albuquerque, NM 87120-2914
      View Details
    • Value Estimation
      $2,095,000
      106,920 SF

      1801 Atrisco NW Dr

      MINI-WAREHOUSE, STORAGE • 106,920 SF
      1801 Atrisco NW Dr, Albuquerque, NM 87120-1139
      View Details
    • Value Estimation by Request
      2,060 SF

      2210 Vis Oriente NW St

      MINI-WAREHOUSE, STORAGE • 2,060 SF
      2210 Vis Oriente NW St, Albuquerque, NM 87120-1727
      View Details
    • Value Estimation by Request
      1.28 Acres

      3030 Painted Rock NW Dr

      MINI-WAREHOUSE, STORAGE • 1.28 Acres
      3030 Painted Rock NW Dr, Albuquerque, NM 87120
      View Details
    • Value Estimation
      $895,000
      8,730 SF

      2301 Vis Oriente NW St

      MINI-WAREHOUSE, STORAGE • 8,730 SF
      2301 Vis Oriente NW St, Albuquerque, NM 87120-1878
      View Details

    Similar Nearby for Sale

    • $4,918,011
      11.29 Acres

      West I-40 Prime Development Land

      Albuquerque Industrial/Residential Land, 11.29 Acres
      0 Atrisco Vis & Comfort Way, Albuquerque, NM 87120
      View Details
    • $75,000
      0.45 Acres

      Albuquerque Land with Mountain Views

      Residential land for custom home with Sandia Mountain views.
      8112 Almendra Ct NW, Albuquerque, NM 87120
      View Details
    • $279,000
      8.31 Acres

      Land Near Planned Community

      8.31 acres of land near planned community in Albuquerque.
      Villa Real Rd, Albuquerque, NM 87120
      View Details
    • $65,000
      0.07 Acres

      Albuquerque Land Ready For Development

      Two lots for townhome development near I-40 and Coors.
      5001 Monica Ln NW, Albuquerque, NM 87120
      View Details
    • $158,000
      0.19 Acres

      Residential Land in Albuquerque, NM

      Spacious lot for building a dream home in Albuquerque.
      Canada Vista Pl NW, Albuquerque, NM 87120
      View Details
    • $60,000
      0.30 Acres

      Land in Volcano Cliffs

      Generous land plot in fast-growing Volcano Cliffs Subdivision.
      Valiente Rd NW, Albuquerque, NM 87120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Unser Blvd Retail Endcap Opportunity

      High-traffic, 1800 sq ft retail space.
      1720 Unser Blvd, Albuquerque, NM 87120
      View Details
    • Contact for pricing
      2,440 SF

      Retail Space in High Visibility Center

      Retail spaces available in high-traffic Albuquerque shopping center.
      3301 Coors Blvd NW, Albuquerque, NM 87120
      View Details
    • Contact for pricing
      1,200 SF

      Retail, Office, or Showroom Space

      1,200 SF space ideal for retail, office, or showroom.
      6001 Winter Haven Dr NW, Albuquerque, NM 87120
      View Details
    • $20 SF/Yr
      1,558 SF

      End Cap Tap/Tasting Room

      Retail space with patio potential in high-income area.
      5400 Sevilla Ave SW, Albuquerque, NM 87120
      View Details
    • $18 SF/Yr
      46,500 SF

      Riverside Plaza Retail Spaces

      Albuquerque retail space, 1200-1815 sq ft.
      6251 Riverside Plaza Ln, Albuquerque, NM 87120
      View Details
    • $450 /Mo
      31,363 SF

      Affordable Office Suite For Rent

      One-room office suite available for rent with utilities included.
      6300 Montano Rd NW, Albuquerque, NM 87120
      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.
    3050 Twin Oaks NW Dr
    Albuquerque, NM 87120-3191
    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!