Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    317 Adams St Albuquerque, NM 87108

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    317 Adams St Albuquerque, NM 87108

    View on Map
    • Commercial real estate
    • 13,050 SF
    • 0.54 lot acres
    Off-Market
    Property ID
    US61-0083007
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Applewood Apartments Trinity Estate / Apartment Building

    Property Details for 317 Adams St

    Year built
    1985
    Lot size
    0.54 lot acres
    Property size
    13,050 SF
    Property type
    Commercial real estate
    APN
    101705729107740805

    Description

    This exceptional 26-unit apartment building, situated in Albuquerque's desirable Nob Hill neighborhood at 317 Adams St SE, presents a compelling investment opportunity. The property boasts 13,050 square feet across a 0.537-acre lot, encompassing a mix of 17 studio and 9 one-bedroom apartments. Built in 1985, this two-story building features recently updated interiors and exteriors, including contemporary finishes and mini-split HVAC systems in each unit. Amenities include a secure communal space, ample parking (including covered options), and a shared laundry room. Each unit offers a private patio/yard or balcony with exterior storage. Individual electric meters are installed, while water, sewer, garbage, and hot water are provided by the landlord. The current NOI is $169,782, with a pro-forma NOI of $207,235, reflecting a potential for significant rent increases. The property's current average rent is $792 per month, with market rents significantly higher, presenting a substantial value-add opportunity. The asking price is $2,661,159, representing $102,352 per unit and $203.92 per square foot. The property's zoning is MX-T. This core asset offers stabilized cash flow and significant upside potential, making it an ideal investment in a rapidly growing market experiencing substantial rent growth. The property's location in Nob Hill, coupled with its updated units and strong potential for increased profitability, makes it a highly attractive investment. The current cap rate is 6.38%, with a pro-forma cap rate of 7.79%.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.59492469361
    Latitude
    35.074794198563

    Comparable in this City

    • Contact for pricing

      Nine-Unit Apartment Community For Sale

      Stabilized multifamily asset in Albuquerque's appreciating submarket.
      1333 San Mateo Blvd SE, Albuquerque, NM 87108
      View Details
    • $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
    • $850,000
      3,335 SF

      Renovated Nob Hill Multifamily Property

      Five-unit multifamily property in Nob Hill, Albuquerque, fully renovated.
      301 Graceland Dr SE, Albuquerque, NM 87108
      View Details
    • $3,965,358
      25,632 SF

      Albuquerque Multifamily Investment Opportunity

      Updated apartments with development potential in Albuquerque, New Mexico.
      1200 Ortiz Dr 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
    • 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

    Similar Nearby for Sale

    • Contact for pricing

      Nine-Unit Apartment Community For Sale

      Stabilized multifamily asset in Albuquerque's appreciating submarket.
      1333 San Mateo Blvd SE, Albuquerque, NM 87108
      View Details
    • $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
    • $850,000
      3,335 SF

      Renovated Nob Hill Multifamily Property

      Five-unit multifamily property in Nob Hill, Albuquerque, fully renovated.
      301 Graceland Dr SE, Albuquerque, NM 87108
      View Details
    • $3,965,358
      25,632 SF

      Albuquerque Multifamily Investment Opportunity

      Updated apartments with development potential in Albuquerque, New Mexico.
      1200 Ortiz Dr 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
    • $850,000

      Northeast Heights Multi-Family Investment

      Ten-unit property in Northeast Heights with renovation potential.
      501 Texas St NE, 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 in Densely Populated Area

      Retail space in Albuquerque's established, high-traffic in-fill area.
      301 San Mateo 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.
    317 Adams St
    Albuquerque, NM 87108
    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!