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    Property profile & analytics

    6150 Iliff NW Rd Albuquerque, NM 87121-0900

    • Hotels
    • 58,724 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-0262314
    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

    • Hampton Inn & Suites Albuquerque-Coors Road / Hotel & Motel
    • Outdoor Adventure! Four Modern Family Units, Parking, Pool / Hotel & Motel
    • Business Travel, Two Units With Kitchenette, Pool / Hotel & Motel

    Property Details for 6150 Iliff NW Rd

    Year built
    2006
    Lot size
    1.90 lot acres
    Property size
    58,724 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1-011-059-008-040-3-24-01
    APU
    101105900804032401

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,787,000
      Market price range: $920k - $2.59M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,690,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.709
    Latitude
    35.1027
    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
    $57,243
    $113,641
    $1,079,520
    $1,193,161
    -
    $340,956
    $3,238,885
    $3,579,841

    Comparable in this City

    • Value Estimation by Request
      3,860 SF

      7500 Central SW Ave

      HOTEL/MOTEL • 3,860 SF
      7500 Central SW Ave, Albuquerque, NM 87121-2116
      View Details
    • Value Estimation
      $1,025,000
      43,342 SF

      6100 Iliff NW Rd

      HOTEL/MOTEL • 43,342 SF
      6100 Iliff NW Rd, Albuquerque, NM 87121-0900
      View Details
    • Value Estimation by Request
      9,064 SF

      6015 Iliff NW Rd

      HOTEL/MOTEL • 9,064 SF
      6015 Iliff NW Rd, Albuquerque, NM 87121-0906
      View Details
    • Value Estimation by Request
      4,438 SF

      9700 Central SW Ave

      HOTEL/MOTEL • 4,438 SF
      9700 Central SW Ave, Albuquerque, NM 87121-7631
      View Details
    • Value Estimation
      $585,000
      23,979 SF

      9910 Avalon NW Rd

      HOTEL/MOTEL • 23,979 SF
      9910 Avalon NW Rd, Albuquerque, NM 87121-7622
      View Details
    • Value Estimation by Request
      5,364 SF

      6012 Iliff NW Rd

      HOTEL/MOTEL • 5,364 SF
      6012 Iliff NW Rd, Albuquerque, NM 87121-0905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11.27 Acres

      West Central Ave Commercial Land

      11.27 Acres, Albuquerque, NM
      Land Central Ave, Northwest, NM 87121
      View Details
    • $70,000
      10.00 Acres

      10-Acre Commercial Land Albuquerque

      Prime Albuquerque land, ideal for solar development. 10 acres near utilities.
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      5.00 Acres

      Albuquerque Land For Sale

      5-acre land parcel in Albuquerque, suitable for long-term investment.
      Powers Way M13 SW, Albuquerque, NM 87121
      View Details
    • $695,000
      3,092 SF

      Albuquerque Auto Shop Investment

      High-return auto shop, excellent location.
      801 Old Coors Dr, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      10.00 Acres

      Albuquerque Land for Investment/Recreation

      10 acre land parcel suitable for investment or recreation.
      Powers Way N150 Rd SW, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      10.00 Acres

      Albuquerque Land for Recreation/Investment

      10 acre land parcel suitable for recreation or investment.
      Pajarito N120 Rd SW, Albuquerque, NM 87121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      248,000 SF

      Albuquerque Industrial Park Space

      Modern warehouse space, flexible layouts.
      0 Seq 118 & Central Ave, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      155,945 SF

      Prime Albuquerque Drive-Thru Sites

      Central Ave Retail Land, 0.95-3.58 Acres
      0 Albuquerque Nm, Albuquerque, NM 87121
      View Details
    • $9 SF/Yr
      40,040 SF

      Albuquerque Warehouse Space for Lease

      40,040 SF Distribution Warehouse, NM
      8551 Saul Bell Rd, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Commercial Land on 98th Street

      Land for lease in a growing retail corridor.
      241 98Th St NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing

      Paved Land with Parking Spaces

      Paved land with utilities, fencing, and parking spaces available.
      7601 Los Volcanes Rd NW, Albuquerque, NM 87121
      View Details
    • Contact for pricing
      4,350 SF

      Industrial Space Near Amazon Warehouse

      Industrial spaces available near I-40 and Amazon warehouse.
      9551 Central Ave NW, Albuquerque, NM 87121
      View Details

    Property Visit Statistics

    • Visits by month
      11.6k
    • Visitors by month
      5.1k
    • Avg Time on site
      544 min
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    Albuquerque, NM 87121-0900
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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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