Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    317 Gold Ave SW Albuquerque, NM 87102
    Back to Search
    Property profile & analytics

    317 Gold Ave SW, Albuquerque, NM 87102

    View on Map
    • Commercial real estate
    • 5,000 SF
    • 0.16 lot acres
    For Sale
    $899,000
    View Listing →
    Downtown Albuquerque Mixed-Use Building For Sale
    $899,000
    5,000 SF

    Downtown Albuquerque Mixed-Use Building

    Recently renovated restaurant and studio apartments in downtown Albuquerque.

    317 Gold Ave SW, Albuquerque, NM
    View Listing
    Property ID
    US61-0128487
    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

    • Commercial real estate

    Property Details for 317 Gold Ave SW

    Lot size
    0.16 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property presents a compelling value-add opportunity in the heart of Albuquerque's vibrant downtown. Located at 317 Gold Ave SW, this 5,000 square foot building sits on a 0.164-acre lot and is zoned MX-FB-UD. The property boasts a two-story structure, offering a unique blend of commercial and residential space. The ground floor features a recently renovated restaurant space complete with fixtures, furniture, and equipment (FF&E), ready for immediate operation or lease. Upstairs, you'll find recently renovated studio apartments, providing a steady stream of rental income. This prime location benefits from high visibility, with exposure to 2,427 vehicles per day (VPD). The surrounding area is densely populated, with 14,202 residents and 2,633 businesses within a one-mile radius, ensuring a robust customer base and tenant pool. The property's strategic position in downtown Albuquerque, a bustling area with a daytime population of 25,000, makes it an ideal investment for owner-users or savvy investors seeking strong returns. This is a rare chance to acquire a turn-key mixed-use asset in a thriving urban core. The property's existing improvements and prime location offer immediate income potential and significant upside for future development. Don't miss this chance to own a piece of Albuquerque's dynamic downtown scene.

    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
    -106.6514711
    Latitude
    35.0836107

    Comparable in this City

    • $575,500

      Downtown Albuquerque Historic Building

      6,555 SF building with two units in downtown Albuquerque.
      218 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Albuquerque Mixed-Use Building

      Recently renovated restaurant and studio apartments in downtown Albuquerque.
      317 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      10,613 SF

      Turn-Key Restaurant and Office Space

      Urban commercial property with restaurant, bar, and office space.
      316 Central Ave SE, Albuquerque, NM 87102
      View Details
    • Contact for pricing

      High-Profile Commercial Tract For Sale

      0.8043 AC commercial tract with high traffic and visibility.
      401 Locust St SE, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      12,859 SF

      Historic Mixed-Use Building on Route 66

      Iconic 1906 building with redevelopment potential in Downtown Albuquerque.
      500 Central Ave SW, Albuquerque, NM 87102
      View Details
    • Contact for pricing

      Historic Banque Lofts on Central

      Landmark mixed-use property in downtown Albuquerque, originally First National Bank.
      219 Central Ave NW, Albuquerque, NM 87102
      View Details

    Similar Nearby for Sale

    • $575,500

      Downtown Albuquerque Historic Building

      6,555 SF building with two units in downtown Albuquerque.
      218 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Albuquerque Mixed-Use Building

      Recently renovated restaurant and studio apartments in downtown Albuquerque.
      317 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      10,613 SF

      Turn-Key Restaurant and Office Space

      Urban commercial property with restaurant, bar, and office space.
      316 Central Ave SE, Albuquerque, NM 87102
      View Details
    • Contact for pricing

      High-Profile Commercial Tract For Sale

      0.8043 AC commercial tract with high traffic and visibility.
      401 Locust St SE, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      12,859 SF

      Historic Mixed-Use Building on Route 66

      Iconic 1906 building with redevelopment potential in Downtown Albuquerque.
      500 Central Ave SW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      33,312 SF

      Modern Mixed-Use Development in NOLO

      33,000 SF mixed-use property with apartments and commercial space.
      950 4Th St NW, Albuquerque, NM 87102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Retail & Restaurant Spaces

      Prime retail and restaurant spaces available in downtown Albuquerque.
      1 Central Ave NW, Albuquerque, NM 87102
      View Details
    • $63,990
      3,485 SF

      Downtown Albuquerque Commercial Space For Rent

      Fully rebuilt commercial space in Downtown Albuquerque's entertainment corridor.
      313 Gold Ave SW, Albuquerque, NM 87102
      View Details
    • $16 SF/Yr

      Downtown Albuquerque Landmark Office Building

      Premier downtown location with modern amenities and telecommunications infrastructure.
      505 Marquette Ave NW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      3,145 SF

      Retail Space on Broadway Boulevard

      Retail space available for lease in Albuquerque, New Mexico.
      800 Broadway Blvd NE, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      500 SF

      Downtown Retail Space Available

      Retail space near convention center, hotels, and restaurants.
      315-325 Central Ave NW, Albuquerque, NM 87102
      View Details
    • Contact for pricing
      6,603 SF

      Retail Space on Broadway Boulevard

      Retail space available for lease on Broadway Boulevard.
      1306 Broadway Blvd Southeast, Albuquerque, NM 87102
      View Details
    View Listing
    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 Gold Ave SW
    Albuquerque, NM 87102
    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

    Thank You for Inquiry
    317 Gold Ave SW, Albuquerque, NM, 87102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!