Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3505 Constitution NE Ave Albuquerque, NM 87106-1214
    Back to Search
    Property profile & analytics

    3505 Constitution NE Ave, Albuquerque, NM 87106-1214

    View on Map
    • Warehouses
    • 0.13 lot acres
    Off-Market
    Property ID
    US61-0265831
    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

    • Warehouses

    Property Details for 3505 Constitution NE Ave

    Lot size
    0.13 lot acres
    Property type
    Warehouses
    APN
    1-016-058-492-272-1-09-03
    APU
    101605849227210903

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 3, 2005 — Abq Real Estate LLC Advantage Ventures LLC Warranty Deed · related —
    — — Abq Real Estate LLC — Deed Of Trust · related $125k · Bank Of Albuquerque

    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
    -106.605
    Latitude
    35.095
    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
    $392
    $8,167
    $0.00
    $8,167
    -
    $24,503
    $0.00
    $24,503

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Constitution NE Ave

      WAREHOUSE, STORAGE
      Constitution NE Ave, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      0.60 Acres

      2310 Ross SE Ave

      WAREHOUSE, STORAGE
      2310 Ross SE Ave, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      0.23 Acres

      1903 Wilmoore SE Dr

      WAREHOUSE, STORAGE
      1903 Wilmoore SE Dr, Albuquerque, NM 87106
      View Details
    • Value Estimation by Request
      10,880 SF

      3113 Yale SE Blvd

      WAREHOUSE, STORAGE
      3113 Yale SE Blvd, Albuquerque, NM 87106-4262
      View Details
    • Value Estimation by Request
      2,304 SF

      514 Cedar SE St

      WAREHOUSE, STORAGE
      514 Cedar SE St, Albuquerque, NM 87106-5204
      View Details
    • Value Estimation by Request
      3,735 SF

      Albuquerque, NM 87106

      WAREHOUSE, STORAGE
      Albuquerque, NM 87106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,266 SF

      Retail/Warehouse with Showroom Potential

      Retail/warehouse with showroom opportunity, high visibility, near UNM.
      1700 Central Ave SE, Albuquerque, NM 87106
      View Details
    • $527,500
      2,640 SF

      Updated UNM Area Fourplex

      Modernized fourplex near UNM with in-unit laundry and private yards.
      1005 Carlisle Blvd SE, Albuquerque, NM 87106
      View Details
    • $330,000
      1,460 SF

      Albuquerque Multifamily Property with Casita

      Multifamily property featuring a main house and detached casita.
      412 Harvard Dr SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Mesa del Sol Land Opportunity

      Land in Albuquerque's growing Mesa del Sol community.
      2501 Bobby Foster Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Development Ready Land in Albuquerque

      Land available in master-planned community near major employers.
      Bobby Foster Rd, Albuquerque, NM 87106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,500 SF

      Albuquerque Warehouse Space Available

      77,500 SF warehouse space for lease in Albuquerque.
      5550 Turing Dr SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      5,000 SF

      Warehouse with Mezzanine and Yard

      5,000 SF warehouse space with mezzanine and yard.
      1800 Randolph Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      3,000 SF

      Warehouse with Attached Office Space

      10,000 SF warehouse with office in Airport Market.
      3201 University Blvd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing
      26,263 SF

      Warehouse and Office Space Available

      Warehouse with crane and office space near airport.
      1801 A Randolph Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse space with crane near ABQ airport.
      1801A Randolph Rd SE, Albuquerque, NM 87106
      View Details
    • Contact for pricing

      NM, Albuquerque - Alamo Ave SE

      Workspaces, services and support to help you work better in Dominion Plaza
      2340 Alamo Ave, 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.
    3505 Constitution NE Ave
    Albuquerque, NM 87106-1214
    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
    3505 Constitution NE Ave, Albuquerque, NM, 87106
    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!