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    3525 4Th St NW Albuquerque, NM 87107
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    3525 4Th St NW Albuquerque, NM 87107

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    • Mixed-use properties
    For Lease
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    New Albuquerque Mixed-Use Development For Lease
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    New Albuquerque Mixed-Use Development

    Mixed-use development with retail and urban living spaces.

    3525 4th St NW, Albuquerque, NM 87107
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    Property ID
    US61-0079211
    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

    • Mixed-use properties

    Property Details for 3525 4Th St NW

    Property type
    Mixed-use properties
    Property subtype
    Retail properties & Spaces

    Description

    Calle Cuarta is Albuquerque’s newest mixed-use development created by Yes Housing, a nonprofit committed to community development and revitalization. On what was a vacant lot at 4th St NW and Candelaria RD NW, Yes Housing is creating a vibrant community that brings together the best of urban living and retail experiences. Our retail spaces are a perfect blend of convenience and excitement, bringing together a diverse range of shops and restaurants for your everyday needs and special occasions. Located in the heart of the city, our mixed-use commercial development offers easy access to transportation, entertainment, and business hubs. Whether you are a young professional, a family, or a retiree, our development offers a perfect home for you. Come and experience the best of city living and retail experiences at our newest mixed-use commercial development.

    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
    Sandoval
    State
    New Mexico
    Longitude
    -106.6459658
    Latitude
    35.1186464

    Comparable in this City

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      2400-2452 Menaul Blvd NE, Albuquerque, NM 87107

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      2400-2452 Menaul Blvd NE, Albuquerque, NM 87107
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      7,310 SF

      Restaurant Pad Fronting Interstate 25

      Restaurant pad site with high traffic counts on Interstate 25.
      4040 Pan American Fwy, Albuquerque, NM 87107
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    • $14 SF/Yr
      87,790 SF

      Guadalupe Plaza: North Valley Retail Center

      Smith's-anchored, prime North Valley location.
      6211 4Th St, Albuquerque, NM 87107
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      700 SF

      Retail Space in Los Ranchos

      First generation retail spaces in walkable Los Ranchos location.
      6538 4Th St NW, Los Ranchos, NM 87107
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    • $19 SF/Yr

      Industrial Space with Yard Area

      1,891 SF industrial space with gated yard for lease.
      2620 4Th St Northwest, Albuquerque, NM 87107
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      Prime Corner Drive-Thru Opportunity

      Corner location ideal for quick-service restaurant or retail.
      5565 4Th St Northwest, Albuquerque, NM 87107
      View Details

    Similar Nearby for Sale

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      2,103 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring office and commercial real estate.
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      8,027 SF

      Mixed-Use Building with Apartment

      8,027 SF mixed-use building with industrial, office, and apartment.
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      2,103 SF

      North Valley Live/Work Office

      Live/work office space in the heart of North Valley.
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      Albuquerque Auto Shop Investment

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    • $590,000
      0.62 Acres

      Versatile Commercial Property in Albuquerque

      Commercial property with shop, offices, and development potential.
      4412 2Nd St NW, Albuquerque, NM 87107
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      Ground Lease with National Tenant

      Ground lease with national credit tenant in front of Walmart.
      2707 Carlisle Blvd NE, Albuquerque, NM 87107
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    Similar Nearby for Lease

    • Contact for pricing

      2400-2452 Menaul Blvd NE, Albuquerque, NM 87107

      Mixed-use properties
      2400-2452 Menaul Blvd NE, Albuquerque, NM 87107
      View Details
    • Contact for pricing
      7,310 SF

      Restaurant Pad Fronting Interstate 25

      Restaurant pad site with high traffic counts on Interstate 25.
      4040 Pan American Fwy, Albuquerque, NM 87107
      View Details
    • $14 SF/Yr
      87,790 SF

      Guadalupe Plaza: North Valley Retail Center

      Smith's-anchored, prime North Valley location.
      6211 4Th St, Albuquerque, NM 87107
      View Details
    • Contact for pricing

      Menaul Marketplace Commercial Leasing Opportunity

      Flexible industrial and retail spaces available in a prime Albuquerque location.
      300 Menaul Blvd NW, Albuquerque, NM 87107
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space available in high-traffic area near hotels.
      2103 Menaul Blvd NE, Albuquerque, NM 87107
      View Details
    • Contact for pricing
      700 SF

      Retail Space in Los Ranchos

      First generation retail spaces in walkable Los Ranchos location.
      6538 4Th St NW, Los Ranchos, NM 87107
      View Details
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    Albuquerque, NM 87107
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    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
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