Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3401 Central NE Ave Albuquerque, NM 87106-1431
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3401 Central NE Ave Albuquerque, NM 87106-1431

    View on Map
    • Retail space
    • 3,188 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US61-0326041
    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

    • RE/MAX : Ruben A. Ortega / Real Estate Agency
    • RE/MAX Select : Kim Jensen Homes / Real Estate Agency
    • Jennifer Wilson - Real Estate Broker ReMax Select / Real Estate Agency
    • Mel Candelaria - Realtor RE/MAX Select / Real Estate Agency
    • 505 Real Estate Pros / Real Estate Agency

    Property Details for 3401 Central NE Ave

    Year built
    1955
    Lot size
    0.06 lot acres
    Property size
    3,188 SF
    Property type
    Retail space
    APN
    1-016-057-444-276-1-06-01
    APU
    101605744427610601

    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
    -106.607
    Latitude
    35.0804
    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
    $1,555
    $5,086
    $27,320
    $32,406
    -
    $15,260
    $81,968
    $97,228

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      304 Cornell SE Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      304 Cornell SE Dr, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      0.15 Acres

      3512 Lomas NE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.15 Acres
      3512 Lomas NE Blvd, Albuquerque, NM 87106-1336
      View Details
    • Value Estimation by Request
      467 SF

      501 Yale SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 467 SF
      501 Yale SE Blvd, Albuquerque, NM 87106-5111
      View Details
    • Value Estimation by Request
      1,831 SF

      500 Yale SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,831 SF
      500 Yale SE Blvd, Albuquerque, NM 87106-5112
      View Details
    • Value Estimation by Request
      2,850 SF

      106 Harvard SE Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      106 Harvard SE Dr, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      1,782 SF

      2624 Garfield SE Ave, Unit 2626

      RETAIL STORES (PERSONAL SERVICES) • 1,782 SF
      2624 Garfield SE Ave, Albuquerque, NM 87106-3604
      View Details

    Similar Nearby for Sale

    • $250,000
      0.02 Acres

      Turnkey Retail Dispensary in Nob Hill

      Move-in ready retail space in Albuquerque's high-visibility Nob Hill district.
      629 Amherst Dr NE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      13,144 SF

      Central Avenue Retail Space Available

      Retail space with high visibility and reserved parking spaces.
      1606 Central Ave SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Albuquerque Retail Development Opportunity

      Development opportunity near downtown Albuquerque, the Sunport, and UNM.
      I-25 & Gibson Blvd, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      10,462 SF

      Office Complex Near UNM

      Three-building office complex with redevelopment potential near UNM.
      2508 Garfield Ave SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Mesa del Sol Land Opportunity

      Land in Albuquerque's growing Mesa del Sol community.
      University Blvd, Albuquerque, NM 87106
      View Details
    • $1,028,480
      4,821 SF

      Medical Office Building For Sale

      Free-standing medical office building with established tenant and recent renovations.
      3908 Carlisle Blvd NE, Albuquerque, NM 87106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      250,000 SF

      High-Tech Mixed-Use Campus

      70-acre campus near Kirtland Air Force Base.
      87106 Usa, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      3,615 SF

      Restaurant Space with Patio

      New construction restaurant space with rooftop and grade-level patio.
      2900 Central Ave SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space Near University

      Retail space for rent near UNM and CNM.
      416 Yale Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      2,232 SF

      Freestanding Retail Building with Drive-Thru

      2,232 SF freestanding retail building with three drive-thru lanes.
      1418 Carlisle Blvd NE, Albuquerque, NM 87106
      View Details
    • $24 SF/Yr
      4,900 SF

      Mixed-Use Retail and Restaurant Space

      Eclectic retail and restaurant spaces near the University of New Mexico.
      122 Yale Blvd SE, Albuquerque, NM 87106
      View Details
    • $4,000 /Mo
      20,909 SF

      Albuquerque Retail Space on Route 66

      High-visibility retail space on Route 66 with abundant parking.
      1520 Central Ave SE, Albuquerque, NM 87106
      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.
    3401 Central NE Ave
    Albuquerque, NM 87106-1431
    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!