6031 Iliff NW Rd Albuquerque, NM 87121-0906
- Hotels
- 32,184 SF
- 1.79 lot acres
Current Use by Public Records
- Days Inn by Wyndham Albuquerque West / Hotel / Inn
Property Details for 6031 Iliff NW Rd
- Year built
- 1992
- Lot size
- 1.79 lot acres
- Property size
- 32,184 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 1-011-059-058-082-3-08-04
- APU
- 101105905808230804
Description
This exceptional 81-key Days Inn hotel presents a compelling investment opportunity in Albuquerque, New Mexico. Located at 6031 Iliff Rd NW, this two-story, exterior-corridor property boasts 41,854 square feet on a 77,972 square foot lot (APN: 1-011-059-058082-3-08-04). Built in 1992, the hotel is zoned for hotel use and offers a compelling price per square foot of $82.43, translating to an asking price of $3,450,000, or under $43,000 per room. The property's strategic location within the Albuquerque MSA provides convenient access to key attractions, including the Albuquerque International Sunport Airport, Petroglyph National Monument, and the Sandia Peak Aerial Tramway. This absentee-owned hotel is ideally suited for an owner-operator seeking hands-on involvement or an investor looking for a strong return. The motivated seller makes this a particularly attractive opportunity in the vibrant Albuquerque market. The property's size and established presence offer significant potential for growth and profitability. Detailed financial information is available upon request. This is a rare chance to acquire a well-situated hotel in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,025,000
- 6.5%
- $895,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $915,000
- Geo Method
- $1,100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $915,000
- Retail
- $945,000
- Mixed-Use
- $1,050,000
- Hospitality
- $1,080,000
- Educational
- $990,000
- Residential Income
- $1,115,000
- Energy
- $945,000
- Income-Based Land
- $850,000
- Food Service
- $1,105,000
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.708
- Latitude
- 35.104
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
