Property profile

6015 Iliff NW Rd Albuquerque, NM 87121

OFF-MARKET
Hotels
Property ID
US61-0234246
9,064 SF 2.07 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional investment opportunity: Motel 6 Albuquerque, a 128-key hotel situated on a 2.07-acre lot at 6015 Iliff Rd NW, Albuquerque, NM 87121. This established property, built in 1984, offers a substantial 16,792 square feet of building space within a thriving market. The hotel's prime location boasts a strong demographic profile, with over 212,000 residents within a 5-mile radius and an average household income exceeding $83,720 in 2023. The two-story building is zoned A1, providing a solid foundation for continued operation and potential expansion. This turnkey hospitality asset presents a compelling opportunity for investors seeking a high-performing property in a dynamic Albuquerque market. The asking price is $3,999,999. Bernalillo County location provides access to key transportation routes and amenities. This is a rare chance to acquire a well-established hotel with significant growth potential in a desirable area. The property's size and location make it an attractive option for both seasoned investors and those new to the hospitality sector. Don't miss this chance to capitalize on the robust Albuquerque economy.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1984
Total area 9,064 SF
Lot 2.07 ac (90,039 SF)
APN 1-011-059-077-083-3-08-01
UPID US61-0234246

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Corporate Office
  • Hotel & Motel

Location

6015 Iliff NW Rd Albuquerque, NM 87121-0906
Albuquerque metro Census 4760 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2017
Price N/A
2012
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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