Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5511 Midway Park Pl NE Albuquerque, NM 87109
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5511 Midway Park Pl NE Albuquerque, NM 87109

    View on Map
    • Flex space
    • 9,270 SF
    • 0.59 lot acres
    For Lease
    View Listing →
    Office/Warehouse Space in Albuquerque For Lease
    Contact for pricing

    Office/Warehouse Space in Albuquerque

    Office and warehouse space available for sublease in Albuquerque.

    5511 Midway Park Pl NE, Albuquerque, NM 87109
    View Listing
    Property ID
    US61-0203156
    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

    • Flex space

    Property Details for 5511 Midway Park Pl NE

    Year built
    1993
    Lot size
    0.59 lot acres
    Property size
    9,270 SF
    Property type
    Flex space
    APN
    1-016-061-521-369-1-04-02
    APU
    101606152136910402

    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
    -106.604
    Latitude
    35.1412
    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
    $8,582
    $58,487
    $120,399
    $178,886
    -
    $175,480
    $361,232
    $536,712

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      4616 Mcleod NE Rd

      LIGHT INDUSTRIAL • 0.23 Acres
      4616 Mcleod NE Rd, Albuquerque, NM 87109-2106
      View Details
    • Value Estimation by Request
      8,670 SF

      3901 Academy Pkwy Nne

      LIGHT INDUSTRIAL • 8,670 SF
      3901 Academy Pkwy Nne, Albuquerque, NM 87109-4416
      View Details
    • Value Estimation by Request
      10,744 SF

      4808 Jefferson NE St

      LIGHT INDUSTRIAL • 10,744 SF
      4808 Jefferson NE St, Albuquerque, NM 87109-2103
      View Details
    • Value Estimation by Request
      12,300 SF

      4850 Pan American E NE Fwy

      LIGHT INDUSTRIAL • 12,300 SF
      4850 Pan American E NE Fwy, Albuquerque, NM 87109-2220
      View Details
    • Value Estimation by Request
      6,840 SF

      7400 Washington NE St

      LIGHT INDUSTRIAL • 6,840 SF
      7400 Washington NE St, Albuquerque, NM 87109-4561
      View Details
    • Value Estimation by Request
      7,205 SF

      7410 Washington NE St

      LIGHT INDUSTRIAL • 7,205 SF
      7410 Washington NE St, Albuquerque, NM 87109-4561
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,527 SF

      Versatile Commercial Property For Sale

      4,527± SF commercial property with office and warehouse space.
      6010 Midway Park Blvd NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing
      4,527 SF

      Industrial Property with Fenced Storage

      Industrial property featuring fenced storage and roll-up door.
      6010 Midway Park Blvd NE, Albuquerque, NM 87109
      View Details
    • $4,600,000
      11,700 SF

      Albuquerque Medical Office Building

      11,700 SF, 100% Occupied, NNN Lease
      4010 Montgomery Blvd, Albuquerque, NM 87109
      View Details
    • 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
    • Contact for pricing
      14,522 SF

      Retail Center in Northeast Heights

      Well-located retail center with strong demographics and stable rent roll.
      5700 San Antonio Dr NE, Albuquerque, NM 87109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Flexible Industrial Space For Rent

      Industrial space with flexible floor plans, convenient location, local ownership.
      3600-3700 Osuna Rd NE, Albuquerque, NM 87109
      View Details
    • New
      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
    • New
      Contact for pricing

      One Sun Plaza

      Discover many ways to work your way in One Sun Plaza
      100 Sun Ave, Albuquerque, NM 87109
      View Details
    • Contact for pricing

      Office/Warehouse Space in Albuquerque

      Office and warehouse space available for sublease in Albuquerque.
      5511 Midway Park Pl NE, Albuquerque, NM 87109
      View Details
    • Contact for pricing

      Flexible Space Near I-25

      Flexible floor plans, convenient location, and local management.
      3700 Osuna Rd NE, Albuquerque, NM 87109
      View Details
    • $14 SF/Yr
      33,987 SF

      Jefferson Street Mixed-Use Space

      Move-in ready mixed-use space in the North I-25 Corridor.
      5411 Jefferson St Northeast, Albuquerque, NM 87109
      View Details
    View Listing
    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.
    5511 Midway Park Pl NE
    Albuquerque, NM 87109
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!