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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 90th NW St Albuquerque, NM 87121-7272

    • High-rise multifamily apartments
    • 63,424 SF
    • 9.98 lot acres
    OFF-MARKET
    Value Estimations
    $9,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0926047
    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

    • Village at Avalon Apartments / Apartment Building
    • Marketing and Graphic Design | Iconoclysm / Graphic Designer
    • village at avalon / Corporate Office

    Property Details for 601 90th NW St

    Year built
    2017
    Lot size
    9.98 lot acres
    Property size
    63,424 SF
    Property type
    High-rise multifamily apartments
    APN
    1-009-057-244-396-2-04-04
    APU
    100905724439620404

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,805,000
      6.5%
      $8,130,000
      7%
      $7,550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,345,000
      Market price range: $3.21M - $10.3M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,830,000
      Current use
      COMMERCIAL (GENERAL)
      $6,690,000
      Change: -2% Conversion: Moderate
      RESTAURANT
      $6,625,000
      Change: -3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,595,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.738
    Latitude
    35.0836
    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
    $0.00
    $746,435
    $5,999,940
    $6,746,375
    -
    $2,239,529
    $18,001,619
    $20,241,148

    Comparable in this City

    • Value Estimation
      $7,055,000
      113,386 SF

      201 Unser NW Blvd

      HIGH-RISE APARTMENTS • 113,386 SF
      201 Unser NW Blvd, Albuquerque, NM 87121-0005
      View Details
    • Value Estimation by Request
      1,180 SF

      3216 Brg SW Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,180 SF
      3216 Brg SW Blvd, Albuquerque, NM 87121-3338
      View Details
    • Value Estimation
      $610,000
      16,500 SF

      353 Camino Azul NW

      APARTMENT HOUSE (UNDER 5 UNITS) • 16,500 SF
      353 Camino Azul NW, Albuquerque, NM 87121-3218
      View Details
    • Value Estimation by Request
      4,794 SF

      6801 Gwin SW Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,794 SF
      6801 Gwin SW Rd, Albuquerque, NM 87121-2561
      View Details
    • Value Estimation by Request
      7,990 SF

      9901 Benavides SW Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,990 SF
      9901 Benavides SW Rd, Albuquerque, NM 87121-8677
      View Details
    • Value Estimation
      $1,095,000
      7,240 SF

      901 68th NW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,240 SF
      901 68th NW St, Albuquerque, NM 87121-0909
      View Details

    Similar Nearby for Sale

    • $1,398,712
      9.88 Acres

      Albuquerque Residential Land - 9.88 Acres

      Prime Albuquerque residential land, high-density potential.
      0 106Th St, Albuquerque, NM 87121
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    • $6,526,124
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      I-40 Albuquerque Development Land

      18.72 Acres, Prime Commercial Location
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    • $375,000
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      Albuquerque Land: 4.96 Acres

      Prime Albuquerque acreage, residential potential.
      0 Sage Rd, Albuquerque, NM 87121
      View Details
    • $620,294
      3.58 Acres

      West Mesa Residential Land Tract

      3.58 Acres, Prime Albuquerque Location
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    • $850,000
      Pending

      Live/Work Space on Coors Boulevard

      Mixed-use property with manufacturing zoning and residential space.
      2528 Coors Blvd SW, Albuquerque, NM 87121
      View Details
    • $450,000
      4.28 Acres

      Prime Albuquerque Residential Land

      4.28 Acres, Central Ave Frontage
      4 Central Ave, Albuquerque, NM 87121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,712 SF

      Prime Albuquerque Drive-Thru Retail

      High-traffic location, 2,712 sq ft.
      6700 Central Ave, Albuquerque, NM 87121
      View Details
    • $12 SF/Yr
      70,840 SF

      Albuquerque Warehouse Space Available

      West Mesa industrial space, 11,721 sq ft.
      540 Silver Creek Rd, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Land for lease with high visibility and easy access.
      3913 Coors Blvd NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      7,000 SF

      High-Traffic Albuquerque Corner Lot

      Prime Commercial Land, 0.69 Acres
      400 Unser Blvd, Albuquerque, NM 87121
      View Details
    • $0.50 SF/Yr
      1 SF

      West Mesa Commercial Land Opportunity

      6.2-Acre Lot, Excellent Zoning
      9525 Central Ave, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      1,893 SF

      Coors Blvd Drive-Thru Retail Space

      Prime Albuquerque end-cap with drive-thru.
      303 Coors Blvd, Albuquerque, NM 87121
      View Details
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    601 90th NW St
    Albuquerque, NM 87121-7272
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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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