Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5051 Journal Ctr NE Blvd Albuquerque, NM 87109-5903
    Back to Search
    Property profile & analytics

    5051 Journal Ctr NE Blvd Albuquerque, NM 87109-5903

    View on Map
    • Office buildings
    • 75,417 SF
    • 3.99 lot acres
    Off-Market
    Property ID
    US61-0135609
    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
    $3,305,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adams Samantha M / Law Firm
    • ADAMS+CROW LAW FIRM / Law Firm
    • Coleman Vision / Ophthalmologist / Eye Care Center
    • Legacy Development & Management, LLC / Construction Company / General Contractor
    • Ransom-With Team / Real Estate Agency

    Property Details for 5051 Journal Ctr NE Blvd

    Year built
    2002
    Lot size
    3.99 lot acres
    Property size
    75,417 SF
    Property type
    Office buildings
    APN
    1-017-063-500-394-1-02-02
    APU
    101706350039410202

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,010,000
      Current use
      RESTAURANT
      $5,300,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.587
    Latitude
    35.1709
    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
    $122,798
    $540,083
    $2,019,495
    $2,559,578
    -
    $1,620,410
    $6,059,090
    $7,679,500

    Comparable in this City

    • Value Estimation
      $6,860,000
      62,097 SF

      5421 Jefferson NE St

      PROFESSIONAL BUILDING • 62,097 SF
      5421 Jefferson NE St, Albuquerque, NM 87109-3406
      View Details
    • Value Estimation by Request
      5,900 SF

      6727 Academy NE Rd

      PROFESSIONAL BUILDING • 5,900 SF
      6727 Academy NE Rd, Albuquerque, NM 87109-3391
      View Details
    • Value Estimation by Request
      3,260 SF

      5931 Jefferson NE St

      PROFESSIONAL BUILDING • 3,260 SF
      5931 Jefferson NE St, Albuquerque, NM 87109-3454
      View Details
    • Value Estimation
      $920,000
      11,978 SF

      6700 Jefferson NE St

      PROFESSIONAL BUILDING • 11,978 SF
      6700 Jefferson NE St, Albuquerque, NM 87109-4382
      View Details
    • Value Estimation by Request
      2,076 SF

      5750 Pino NE Ave

      PROFESSIONAL BUILDING • 2,076 SF
      5750 Pino NE Ave, Albuquerque, NM 87109-5709
      View Details
    • Value Estimation
      $1,595,000
      33,491 SF

      6500 Jefferson NE St

      PROFESSIONAL BUILDING • 33,491 SF
      6500 Jefferson NE St, Albuquerque, NM 87109-3489
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,078 SF

      Albuquerque Office Building For Sale

      Office building with open layout, convenient location, and ample parking.
      101 Sun Ave NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      11,720 SF

      Albuquerque Office Building for Sale

      Office building available in Albuquerque, New Mexico.
      4010 Montgomery Blvd NE, Albuquerque, NM 87109
      View Details
    • $2,778,000

      Office Building Near Paseo del Norte

      Office building with convenient access to major routes and amenities.
      101 Sun Ave Northeast, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      3,948 SF

      Albuquerque Office Building For Sale

      Office building featuring newer HVAC, warrantied roof, and security monitoring.
      5941 Jefferson St NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      120,627 SF

      Albuquerque Medical Office Portfolio

      Two-asset medical/professional office portfolio in established medical corridor.
      4101 Montgomery Blvd NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      74,043 SF

      Albuquerque Office Building For Sale

      High-occupancy office building with stable tenants and redevelopment potential.
      4243 Montgomery Blvd NE, Albuquerque, NM 87109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multi-Tenant Office Building For Rent

      Four-story office building with flexible floorplans in Sun Plaza.
      101b Sun Ave NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing

      Office Building with Campus Atmosphere

      Office building for rent with monument signage and ample parking.
      7007 Wyoming Blvd NE, Albuquerque, NM 87109
      View Details
    • $23 SF/Yr
      7,585 SF

      Professional Office Space For Rent

      Three-story office building with storage and dock high loading.
      6200 Jefferson St Northeast, Albuquerque, NM 87109
      View Details
    • Contact for pricing

      Professional Office Space Available

      Premier office space in North I-25 Corridor.
      6200 Jefferson St NE, Albuquerque, NM 87109
      View Details
    • $24 SF/Yr
      49,464 SF

      Professional Office Building For Rent

      Three-story office building in premier business park.
      4400 Masthead St Northeast, Albuquerque, NM 87109
      View Details
    • $26 SF/Yr
      17,714 SF

      Class A Office Space Available

      Prestigious Albuquerque office space with luxury finishes for rent.
      100 Sun Ave Northeast, Albuquerque, NM 87109
      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.
    5051 Journal Ctr NE Blvd
    Albuquerque, NM 87109-5903
    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
    5051 Journal Ctr NE Blvd, Albuquerque, NM, 87109
    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!