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    5404 Montgomery NE Blvd Albuquerque, NM 87109-1371
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    Property profile & analytics

    5404 Montgomery NE Blvd, Albuquerque, NM 87109-1371

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    • High-rise multifamily apartments
    • 94,696 SF
    • 4.34 lot acres
    Off-Market
    Property ID
    US61-0178777
    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
    $6,800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Towers Apartments / Apartment Building / Service Establishment

    Property Details for 5404 Montgomery NE Blvd

    Year built
    1974
    Lot size
    4.34 lot acres
    Property type
    High-rise multifamily apartments
    APN
    1-018-060-150-503-2-15-01
    APU
    101806015050321501

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2024 — The Two Towers Albq LP Two Montgomery Towers LLC Warranty Deed $10k · Nusenda FCU
    Oct 17, 2018 — Two Montgomery Towers LLC Triad Towers LLC Grant Deed —
    — — Triad Towers LLC — Deed Of Trust · related $10M · Deutsche Bank Berkshire Mtg
    — — Triad Towers LLC — Deed Of Trust · related $4.9M · L J Melody & Co
    — — Triad Towers LLC — Deed Of Trust · related $10.8M · Walker & Dunlop
    — — Triad Towers LLC — Deed Of Trust · related $7.4M · Berkshire Mortgage Finance Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,356,000
      Market price range: $4.79M - $15.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.581
    Latitude
    35.1303
    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
    $119,782
    $378,384
    $2,424,652
    $2,803,036
    -
    $1,135,266
    $7,274,684
    $8,409,950

    Comparable in this City

    • Value Estimation
      $2,795,000
      19,072 SF

      6500 Montgomery NE Blvd

      HIGH-RISE APARTMENTS
      6500 Montgomery NE Blvd, Albuquerque, NM 87109-1426
      View Details
    • Value Estimation
      $14,550,000
      208,496 SF

      6441 Palomas NE Ave

      HIGH-RISE APARTMENTS
      6441 Palomas NE Ave, Albuquerque, NM 87109-5644
      View Details
    • Value Estimation
      $5,905,000
      91,782 SF

      6300 Montgomery NE Blvd

      HIGH-RISE APARTMENTS
      6300 Montgomery NE Blvd, Albuquerque, NM 87109-1422
      View Details
    • Value Estimation by Request
      2,820 SF

      6100 Harper NE Dr

      APARTMENT HOUSE (UNDER 5 UNITS)
      6100 Harper NE Dr, Albuquerque, NM 87109-3575
      View Details
    • Value Estimation
      $850,000
      5,616 SF

      6120 Mcleod NE Rd

      APARTMENT HOUSE (UNDER 5 UNITS)
      6120 Mcleod NE Rd, Albuquerque, NM 87109-2035
      View Details
    • Value Estimation
      $1,370,000
      9,036 SF

      7000 Louisiana NE Blvd

      APARTMENT HOUSE (UNDER 5 UNITS)
      7000 Louisiana NE Blvd, Albuquerque, NM 87109-3972
      View Details

    Similar Nearby for Sale

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      Land Near Journal Center

      Land available near Journal Center and state government offices.
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      Versatile Commercial Property For Sale

      4,527± SF commercial property with office and warehouse space.
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      Prime Albuquerque Commercial Land

      Land in desirable retail node with high accessibility.
      8280 Montgomery Blvd NE, Albuquerque, NM 87109
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    • Contact for pricing
      2,507 SF

      Office Condo on Montgomery Boulevard

      Office condo for sale with tenant improvement potential.
      6916 Montgomery Blvd NE, Albuquerque, NM 87109
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    Similar Nearby for Lease

    • $19 SF/Yr
      7,680 SF

      Office Space in North I-25

      Office space for rent in a premier location.
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      View Details
    • Contact for pricing

      NM, Albuquerque - Lang Ave NE

      Workspaces, services and support to help you work better in Indianapolis City Center
      4801 Lang Ave, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      1,775 SF

      Retail Space at Busy Intersection

      Retail space available at a high-traffic Albuquerque intersection.
      8000 Paseo Del Norte NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      1,483 SF

      Medical Office Space Available

      Move-in ready medical office space with exclusive patio.
      7520 Montgomery Blvd NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      4,000 SF

      Retail Pads Fronting Jefferson

      Retail space available in mixed-use project near medical offices.
      6701 Jefferson St NE, Albuquerque, NM 87109
      View Details
    • $16 SF/Yr
      23,903 SF

      Move-in Ready Office Space

      Bright, modern office space with natural light and stunning views.
      4420 The 25 Way, Albuquerque, NM 87109
      View Details
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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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