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    Property profile & analytics

    4605 Corrales Rd Corrales, NM 87048-8617

    • Investment properties
    • 4,698 SF
    • 3.28 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Location Intelligence
    Property ID
    US61-1367571
    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.

    Current Use by Public Records

    • Artsy Accents Corrales / Gift Shop
    • Padres Cigars / Cigar Shop / Tobacco Shop

    Property Details for 4605 Corrales Rd

    Year built
    1966
    Lot size
    3.28 lot acres
    Property size
    4,698 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1-016-067-165-325
    APU
    1016067165325

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $650,000
      6.5%
      $575,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $675,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $685,000
      Mixed-Use
      $650,000
      Hospitality
      $690,000
      Educational
      $665,000
      Residential Income
      $625,000
      Energy
      $725,000
      Income-Based Land
      $540,000
      Food Service
      $675,000

    Location Insight

    • Map
    • Local Demand
    City
    Corrales
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.616
    Latitude
    35.2268
    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
    $11,316
    $68,514
    $167,133
    $235,647
    -
    $205,542
    $501,400
    $706,942

    Comparable in this City

    • Value Estimation
      $345,000
      931 SF

      4586 Corrales Rd

      STORE/OFFICE (MIXED USE) • 931 SF
      4586 Corrales Rd, Corrales, NM 87048
      View Details
    • Value Estimation
      $465,000
      4,916 SF

      4686 Corrales Rd

      STORE/OFFICE (MIXED USE) • 4,916 SF
      4686 Corrales Rd, Corrales, NM 87048-8610
      View Details
    • Value Estimation
      $665,000
      11,823 SF

      4940 Corrales Rd

      STORE/OFFICE (MIXED USE) • 11,823 SF
      4940 Corrales Rd, Corrales, NM 87048-8673
      View Details
    • Value Estimation
      $420,000
      7,020 SF

      4685 Corrales Rd

      STORE/OFFICE (MIXED USE) • 7,020 SF
      4685 Corrales Rd, Corrales, NM 87048-8695
      View Details
    • Value Estimation
      $500,000
      7,040 SF

      Rio Rancho SE Dr

      STORE/OFFICE (MIXED USE) • 7,040 SF
      Rio Rancho SE Dr, Corrales, NM 87048
      View Details
    • Value Estimation
      $450,000
      4,572 SF

      4604 Corrales Rd

      STORE/OFFICE (MIXED USE) • 4,572 SF
      4604 Corrales Rd, Corrales, NM 87048-8736
      View Details

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      Corrales Ranch Land - Prime Location

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      1.00 Acre

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    • New
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      1.54 Acres

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      Corrales land offering panoramic mountain and city views.
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      Corrales Estate Lots For Sale

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      One-acre lot in Corrales with Sandia Mountain views.
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      Expansive Land with Mountain Views

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      View Details
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    4605 Corrales Rd
    Corrales, NM 87048-8617
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    Realmo Value Estimation

    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.

    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.

    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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